54-4-24 - Depreciation accounts and fund. - Utah Statutes

54-4-24. Depreciation accounts and fund.
The commission shall have power to require any or all public utilities to carry a properand adequate depreciation account in accordance with such rules, regulations and forms ofaccount 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 ofproperty of each public utility. Each public utility shall conform its depreciation accounts to therates so ascertained, determined and fixed, and shall set aside the money so provided for out ofearnings and carry the same in a depreciation fund and expend such fund only for such purposesand 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 shalllikewise be carried in such fund.

No Change Since 1953