Except as provided in this section, each gas utility, as defined in §7.115(17) of this title (relating to Definitions), shall utilize the National Association of Regulatory Utility Commissioners (NARUC) Uniform System of Accounts for Class A and B Utilities (1976 edition or as subsequently amended) for all operating and reporting purposes. However, a utility also required to report to the Federal Energy Regulatory Commission (FERC) under that agency's system of accounts may limit the use of the NARUC accounts to any reporting or audit requirements of the Railroad Commission of Texas. Any utility operating under the FERC account system pursuant to this provision shall maintain a readily accessible cross-reference system between that system and the NARUC account system. Such accounts shall be used regardless of any conflicting classification of such utility by virtue of its annual gas-operating revenues. Further, those gas-gathering utilities, as defined in §7.115(14) of this title (relating to Definitions), shall not be required to operate under the National Association of Regulatory Utility Commissioners (NARUC) Uniform System of Accounts for Class A and B Utilities (1976 edition or as subsequently amended), but shall be required to report under those accounts for annual report purposes pursuant to §7.301 of this title (relating to Annual Report). This uniform system of accounts shall be applicable to all gas utility and gas utility related operations regardless of location, except for those utilities permitted to file a FERC Form 2 in lieu of an annual report required by §7.301 of this title (relating to Annual Report) or those gas-gathering utilities as described in this section.

Source Note:The provisions of this §7.310 adopted to be effective July 29, 2002, 27 TexReg 6687.