Ohio § 4905.18 Depreciation account

Ohio Statutes

§ 4905.18 — Depreciation account

Ohio § 4905.18

Title 49Public Utilities

Ch. 4905Public Utilities Commission - General Powers

This text of Ohio § 4905.18 (Depreciation account) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 4905.18 (2026).

Text

Every public utility shall carry a proper and  adequate depreciation or deferred maintenance account, whenever  the public utilities commission, after investigation, determines  that a depreciation account can be reasonably required. The  commission shall ascertain, determine, and prescribe what are  proper and adequate charges for depreciation of the several  classes of property for each public utility. The charge for  depreciation shall be such as will provide the amount required  over the cost and expense of maintenance to keep the property of  the public utility in a state of efficiency corresponding to the  progress of the art or industry. The commission may prescribe such  changes in such charges for depreciation as it finds necessary.

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Every public utility shall carry a proper and adequate depreciation or deferred maintenance account, whenever the public utilities commission, after investigation, determines that a depreciation account can be reasonably required. The commission shall ascertain, determine, and prescribe what are proper and adequate charges for depreciation of the several classes of property for each public utility. The charge for depreciation shall be such as will provide the amount required over the cost and expense of maintenance to keep the property of the public utility in a state of efficiency corresponding to the progress of the art or industry. The commission may prescribe such changes in such charges for depreciation as it finds necessary.