Uniform System of Accounts for Electric Light, Heat and Power Utilities (Classic Reprint)

Public Utility and Electric Operations Defined. Section I, Paragraph 15, Chapter 195, Laws of 1911, defines public utility as follows: The term public, utility is hereby defined to include every individual, co-partnership, association, corporation or joint stock company, their lessees, trustees or receivers appointed by any court whatsoever, that now or hereafter may own, operate, manage or control within the State of New. jersey any steam railroad, street railway, traction railway, canal, express, subway, pipe line, gas, electric light, heat, power, water, oil, sewer, telephone, telegraph system, plant or equipment for public use, under privileges granted or hereafter to be granted by the State of New Jersey or by any political subdivision thereof. Electric operations, as the term is hereinafter used, include all acts and transaqtions directly connected with the operation of a plant for the production of electric energy, the transmission thereof and the supply thereof to consumers for light, heat, or power, and a-U operations incident thereto, including the collection of revenues therefor.and the disposition of by-products produced in connection therewith. 2. Accounts to be kept by double-entry method. All accounts kept by any corporation or person within the scope of the present order shall, on and after January 1, 1913, be kept by the double-entry method. Note. I liis, requirement is not intended to apply to purely statistical accounts. 3. Capital Defined. As the term is used herein, by capital of a corporation is meant all property devoted to the rendering of the services or the production of the commodities which are within the purposes of the corporation. 4. Fixed .C apital Defined. Capital which has an expectation of life in service of more than one year (exception being made of hand and other small portable tools liable to be lost or stolen )is calle
(Typographical errors above are due to OCR software and don't occur in the book.)