§ 404.2 - Amortization of underground storage land and land rights.

Related Notices
- 96-7430. Final Rule. 96-7430. Editorial Changes to Various Regulations To Conform References to Revised Part 154; Order No. 586; Final Rule

Latest version.

A. This account shall include charges for amortization of land and land rights of underground storage projects for natural gas. (See account 111, Accumulated Provision for Amortization and Depletion of Gas Utility Plant.)

B. The charges to this account shall be made in such manner as to distribute the cost of amortizable land and land rights over the period of their benefit to the utility, and with respect to any land or land rights which include native gas in the storage reservoir, such amounts shall be amortized or depleted on the basis of production of such native gas after the volume of stored gas has been withdrawn from the reservoir.

                    
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