[Code of Federal Regulations]
[Title 17, Volume 3]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR250.27]

[Page 645-646]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
       CHAPTER II--SECURITIES AND EXCHANGE COMMISSION (CONTINUED)
 
PART 250_GENERAL RULES AND REGULATIONS, PUBLIC UTILITY HOLDING COMPANY 
ACT OF 1935--Table of Contents
 
Sec.  250.27  Classification of accounts prescribed for utility 
companies not already subject thereto.

    (a) Every registered holding company and subsidiary thereof, which 
is a public utility company and which is not required by either the 
Federal Energy Regulatory Commission or a State commission to conform to 
a classification of accounts, shall keep its accounts, insofar as it is 
an electric utility company, in the manner currently prescribed for 
similar companies by the Federal Energy Regulatory Commission or, and 
insofar as it is a gas utility company, in the manner currently 
recommended by the National Association of Railroad and Utilities 
Commissioners, except any company whose public utility activities are so 
limited that the application to it of such system of accounts is clearly 
inappropriate. A company claiming that its activities are thus limited, 
shall apply to the Commission for written instructions to that effect.
    (b) All references, in the systems of accounts made applicable by 
paragraph (a) of this section, to the authority prescribing the same and 
to orders and instructions by, and reports to, said authority, shall be 
deemed to refer to the Securities and Exchange Commission

[[Page 646]]

as the ``Commission'' thereby designated.

[Rule U, 6 FR 2015, Apr. 19, 1941, as amended at 8 FR 15814, Nov. 23, 
1943; 59 FR 21927, Apr. 28, 1994]