Iowa Admin. Code r. 199-31.8 - Standards for costing asset transfers between regulated operations and non-regulated 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 shall the asset 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

Iowa Admin. Code r. 199-31.8