Ohio Code § 4909.05

§ 4909.05.

(A) With respect to every public utility, the public utilities commission shall prescribe

the form and details of the valuation report of the property of each public utility

or railroad in the state.  Such report shall include all the kinds and classes of property, with the value

of each, owned, held, or, with respect to a natural gas, water-works, or sewage disposal

system company, projected to be owned or held as of the date certain, by each public

utility or railroad used and useful, or, with respect to a natural gas, water-works,

or sewage disposal system company, projected to be used and useful as of the date

certain, for the service and convenience of the public. (B) Such report shall contain the following facts in detail: (1) The original cost of each parcel of land owned in fee and in use, or, with respect

to a natural gas, water-works, or sewage disposal system company, projected to be

owned in fee and in use as of the date certain, determined by the commission;  and

also a statement of the conditions of acquisition, whether by direct purchase, by

donation, by exercise of the power of eminent domain, or otherwise; (2) The actual acquisition cost, not including periodic rental fees, of rights-of-way,

trailways, or other land rights held, or, with respect to a natural gas, water-works,

or sewage disposal system company, projected to be held as of the date certain, by

virtue of easements, leases, or other forms of grants of rights as to usage; (3) The original cost of all other kinds and classes of property used and useful, or,

with respect to a natural gas, water-works, or sewage disposal system company, projected

to be used and useful as of the date certain, in the rendition of service to the public.  Subject to section 4909.052 of the Revised Code , such original costs of property, other than land owned in fee, shall be the cost,

as determined to be reasonable by the commission, to the person that first dedicated

or dedicates the property to the public use and shall be set forth in property accounts

and subaccounts as prescribed by the commission.  To the extent that the costs of property comprising a coal research and development

facility, as defined in section 1555.01 of the Revised Code , or a coal development project, as defined in section 1551.30 of the Revised Code , have been allowed for recovery as Ohio coal research and development costs under section 4905.304 of the Revised Code , none of those costs shall be included as a cost of property under this division. (4) The cost of property constituting all or part of a project leased to or used by the

utility, or, with respect to a natural gas, water-works, or sewage disposal system

company, projected to be leased to or used by the utility as of the date certain,

under Chapter 165., 3706., 6121., or 6123. of the Revised Code and not included under

division (B)(3) of this section exclusive of any interest directly or indirectly paid

by the utility with respect thereto whether or not capitalized; (5) In the discretion of the commission, the cost to a utility, in an amount determined

to be reasonable by the commission, of property constituting all or part of a project

leased to the utility, or, with respect to a natural gas, water-works, or sewage disposal

system company, projected to be leased to the utility as of the date certain, under

a lease purchase agreement or a leaseback and not included under division (B)(3) of

this section exclusive of any interest directly or indirectly paid by the utility

with respect thereto whether or not capitalized; (6) The cost of the replacement of water service lines incurred by a water-works company

under section 4909.173 of the Revised Code and the water service line replacement reimbursement amounts provided to customers

under section 4909.174 of the Revised Code ; (7) The proper and adequate reserve for depreciation, as determined to be reasonable

by the commission; (8) Any sums of money or property that the company may have received, or, with respect

to a natural gas, water-works, or sewage disposal system company, is projected to

receive as of the date certain, as total or partial defrayal of the cost of its property; (9) The valuation of the property of the company, which shall be the sum of the amounts

contained in the report pursuant to divisions (B)(1) to (6) of this section, less

the sum of the amounts contained in the report pursuant to divisions (B)(7) and (8)

of this section. (C) The report shall show separately the property used and useful to such public utility

or railroad in the furnishing of the service to the public, the property held by such

public utility or railroad for other purposes, and the property projected to be used

and useful to or held by a natural gas, water-works, or sewage disposal system company

as of the date certain, and such other items as the commission considers proper.  The commission may require an additional report showing the extent to which the

property is used and useful, or, with respect to a natural gas, water-works, or sewage

disposal system company, projected to be used and useful as of the date certain.  Such reports shall be filed in the office of the commission for the information

of the governor and the general assembly. (D) The requirements of section 4909.05 of the Revised Code do not apply to an electric light, natural gas, water-works, or sewage disposal system

company that chooses to file a forecasted test period under section 4909.18 of the Revised Code .