Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE83. PUBLIC UTILITIES |
PART505. UNIFORM SYSTEM OF ACCOUNTS FOR GAS UTILITIES |
SUBPARTB. ADDITIONS TO AND DELETIONS FROM CFR PROVISIONS |
§505.1641. Account 164.1
Latest version.
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In Account 164.1, Gas stored underground – Current, the instructions shall be restated as follows:
"This Account shall be debited with such amounts as are credited to Account 117, Gas stored underground – Noncurrent, to reflect classification for balance sheet purposes of such portion of the inventory of gas stored underground as represents a current asset according to conventional rules for classification of current assets."
(Source: Added at 22 Ill. Reg. 9543, effective June 1, 1998)