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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 4905.18 | Depreciation account.

Ohio Revised Code
/
Title 49 Public Utilities
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Chapter 4905 Public Utilities Commission - General Powers
 
Effective:
September 13, 2010
Latest Legislation:
Senate Bill 162 - 128th General Assembly
PDF:
Download Authenticated PDF
 

Every public utility shall carry a proper and adequate depreciation or deferred maintenance account, whenever the public utilities commission, after investigation, determines that a depreciation account can be reasonably required. The commission shall ascertain, determine, and prescribe what are proper and adequate charges for depreciation of the several classes of property for each public utility. The charge for depreciation shall be such as will provide the amount required over the cost and expense of maintenance to keep the property of the public utility in a state of efficiency corresponding to the progress of the art or industry. The commission may prescribe such changes in such charges for depreciation as it finds necessary.

Available Versions of this Section