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Gas Pipeline Uniform Accounting Regulations

Version of section 33 from 2006-03-22 to 2020-03-15:

  •  (1) Where a minor item of plant is acquired at a cost of less than $5,000, the cost shall be debited to expense.

  • (2) A company shall not

    • (a) combine unrelated items of plant for the purpose of excluding the items from the provisions of subsection (1); or

    • (b) divide expenditures made under a general plan for related items that cost $5,000 or more per item into smaller parcels for the purpose of debiting capital items to expense.

  • (3) With the approval of the Board after the filing of a request by a company, the company may, for the purpose of its accounting, adopt a limit of less than the amount set out in subsection (1) for any class of plant.

  • (4) No change may be made in the amount of a limit referred to in subsection (3) except with the prior approval of the Board.


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