New Hampshire Statutes
§ 374:11 — Use of Depreciation Fund
New Hampshire·Title XXXIV PUBLIC UTILITIES·Ch. 374 GENERAL REGULATIONS·Subdivision Accounts and Dividends
The depreciation fund may be expended in new construction, extensions or additions to the property of the public utility, or invested and, if invested, the net income from the investment shall be added to the depreciation fund, unless the commission for good cause shown shall otherwise order. Such fund may be used only for new construction, extensions or additions to physical property or for renewing, restoring, replacing or substituting depreciated property in order to keep its plant and system in a state of repair and efficiency, or for paying debts incurred for such purposes.
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Legislative History
1913, 98:1. PL 240:10. RL 289:10. 1951, 203:29, eff. Sept. 1, 1951.
Nearby Sections
15
§ 374:1
Service§ 374:1-a
Exceptions§ 374:10
Depreciation Account§ 374:11
Use of Depreciation Fund§ 374:12
Declaring Dividends§ 374:13
Form of Accounts and Records§ 374:14
False Entries, Etc§ 374:15
Filing§ 374:16
Repealed by 1985, 402:39, V§ 374:17
Neglect to Report§ 374:18
Production of Books, Etc§ 374:19
False Statements, Etc§ 374:2
Charges§ 374:2-a
Alternative to Herbicide Use§ 374:20
Repealed by 1985, 402:39, V