Does this guidance letter change any of the existing accounting and reporting requirements for emission allowances?
Response: No. Jurisdictional public utilities and licensees will continue to follow the accounting and reporting instructions provided for in General Instruction No. 21 of 18 C.F.R. Part 101 for the costs and benefits associated with emission allowance transactions. The Commission delegated authority to the Chief Accountant under 18 C.F.R. 375.303 to issue interpretations of the Uniform Systems of Accounts for public utilities, licensees, natural gas companies and oil pipeline companies. The guidance provided herein constitutes final agency action pursuant to this authority. Within 30 days of the date of this letter, interested parties may file a request for rehearing by the Commission under 18 C.F.R. 385.713. John M. Delaware Deputy Executive Director and Chief Accountant Enclosure Enclosure Sample formats that may be used to display comprehensive income in the Notes to Financial Statements schedule of the FERC Annual Reports for jurisdictional public utilities, licensees, natural gas
