N.Y. Comp. Codes R. & Regs. tit. 16, § 48.1 – Material changes. | Midpage

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New York Codes, Rules and Regulations

§ 48.1

N.Y. Comp. Codes R. & Regs. tit. 16, § 48.1

Material changes.

Department of Public Service

(a) This Part applies only to changes in accounting which have a material effect on utility prices.
(b) A change in accounting is material if the after-tax effect of such change exceeds 0.05 percent of common equity.