153.034. Electric companies, distributable, local property, definitions. — 1. The term "distributable property" of an electric company shall include all the real or tangible personal property which is used directly in the generation and distribution of electric power, but not property used as a collateral facility nor property held for purposes other than generation and distribution of electricity. Such distributable property includes, but is not limited to:
(1) Boiler plant equipment, turbogenerator units and generators;
(2) Station equipment;
(3) Towers, fixtures, poles, conductors, conduit transformers, services and meters;
(4) Substation equipment and fences;
(5) Rights-of-way;
(6) Reactor, reactor plant equipment, and cooling towers;
(7) Communication equipment used for control of generation and distribution of power;
(8) Land associated with such distributable property.
2. The term "local property" of an electric company shall include all real and tangible personal property owned, used, leased or otherwise controlled by the electric company not used directly in the generation and distribution of power and not defined in subsection 1 of this section as distributable property. Such local property includes, but is not limited to:
(1) Motor vehicles;
(2) Construction work in progress;
(3) Materials and supplies;
(4) Office furniture, office equipment, and office fixtures;
(5) Coal piles and nuclear fuel;
(6) Land held for future use;
(7) Workshops, warehouses, office buildings and generating plant structures;
(8) Communication equipment not used for control of generation and distribution of power;
(9) Roads, railroads, and bridges;
(10) Reservoirs, dams, and waterways;
(11) Land associated with other locally assessed property and all generating plant land.
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(L. 1986 H.B. 1022, et al.)
Effective 6-20-86
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153.034 | 8/28/2021 | |||
153.034 | 8/28/2019 | 8/28/2021 | ||
153.034 | 6/20/1986 | 8/28/2019 |
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