Sec. 32.7990  Nonregulated net income.

    (a) This account shall be used by those companies who offer 
nonregulated activities that do not involve the

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joint or common use of assets or resources used in the provision of both 
regulated and nonregulated products and services, and which have not 
established a separate subsidiary for that purpose.
    (b) All revenue and expenses (including taxes) incurred in these 
nonregulated activities shall be recorded on separate books of account 
for such operations. Only the net of the total revenues and total 
expenses shall be recorded in this account, with a contra debit or 
credit to account .3.
[52 1406 FR 6562 , Mar. 4, 1987]

                           Subpart G--Glossary