Title 54 Public Utilities Chapter 4 Authority of Commission Over Public Utilities Section 24 Depreciation accounts and fund.
54-4-24.Depreciation accounts and fund.
The commission shall have power to require any or all public utilities to carry a proper
and adequate depreciation account in accordance with such rules, regulations and forms of
account as the commission may prescribe. The commission may from time to time ascertain,
determine and, by order, fix the proper and adequate rates of depreciation of the several classes of
property of each public utility. Each public utility shall conform its depreciation accounts to the
rates so ascertained, determined and fixed, and shall set aside the money so provided for out of
earnings and carry the same in a depreciation fund and expend such fund only for such purposes
and under such rules and regulations, both as to original expenditure and subsequent replacement,
as the commission may prescribe. The income upon investments of money in such fund shall
likewise be carried in such fund.
No Change Since 1953
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