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Oil Pipeline Uniform Accounting Regulations

Version of section 30 from 2006-03-22 to 2020-03-15:

  •  (1) For the purposes of these Regulations, additions to plant shall include

    • (a) increases in plant through purchase or construction of additional plant,

    • (b) the replacement of existing plant units, and

    • (c) the capitalization of major renewals to plant

    and, subject to the approval of the Board, may include substantial improvements made to existing plant in order to make such plant more useful, more efficient, more durable or of greater capacity than the plant was when it was originally placed in service.

  • (2) The cost of additions referred to in subsection (1) shall be debited to the appropriate plant accounts.

  • (3) Typical elements of construction are set out in sections 16 to 27 and section 29.

  • (4) All expenditures relevant to new construction shall be capitalized.

  • (5) After the completion of initial construction, only the costs directly connected with additions or replacements of plant shall be capitalized.

  • (6) All property charged within the plant accounts shall consist of plant units or minor items of plant.

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