Sec.  32.7990   Nonregulated net income.

   (a) This account shall be used by those companies who offer nonregulated
   activities that do not involve the 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
   1406.3.

   [ 52 FR 6562 , Mar. 4, 1987]

Subpart G—Glossary