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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 16. Department of Public Service |
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Chapter VI. Telephone and Telegraph Corporations |
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Subchapter E. Uniform Systems of Accounts |
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Article 1. Telephone Corporations |
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Part 661. Instructions--General |
Sec. 661.18. Capital leases
Latest version.
- The company may adopt capital lease accounting for transactions if two conditions are met for each financing arrangement:(a) the company receives approval from the commission to enter a long-term capital lease (see section 101 of the Public Service Law); and(b) the company demonstrates in its filing that capital lease accounting is not detrimental to ratepayers.