Iowa Admin. Code r. 199-31.7 - Standards for costing asset transfers between regulated operations and nonregulated affiliates valued at less than $2 million
(1)
Asset
of a nonregulated affiliate transferred to a regulated affiliate. The
asset transfer shall be recorded at the lesser of net book value, the price
actually charged to affiliates or nonaffiliates, or the market price of
comparable assets. Under no circumstances is the asset to be recorded at a cost
higher than what the regulated affiliate actually paid for the asset.
(2)
Asset of a regulated affiliate
transferred to a nonregulated affiliate. The asset transfer to the
nonregulated affiliate shall be recorded at the greater of net book value, a
price actually charged to other affiliates or nonaffiliates, or the market
price of comparable assets.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
(1) Asset of a nonregulated affiliate transferred to a regulated affiliate. The asset transfer shall be recorded at the lesser of net book value, the price actually charged to affiliates or nonaffiliates, or the market price of comparable assets. Under no circumstances is the asset to be recorded at a cost higher than what the regulated affiliate actually paid for the asset.
(2) Asset of a regulated affiliate transferred to a nonregulated affiliate. The asset transfer to the nonregulated affiliate shall be recorded at the greater of net book value, a price actually charged to other affiliates or nonaffiliates, or the market price of comparable assets.