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SENATE BILL NO. 5022
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C 107 L 89
State of Washington 51st Legislature 1989 Regular Session
By Senators Benitz and Williams; by request of Washington Utilities and Transportation Commission
Prefiled with Secretary of the Senate 1/5/89. Read first time 1/9/89 and referred to Committee on Energy & Utilities.
AN ACT Relating to utilities and transportation commission reporting requirements; and amending RCW 80.04.080, 81.04.080, and 80.04.320.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. Section 80.04.080, chapter 14, Laws of 1961 and RCW 80.04.080 are each amended to read as follows:
Every
public service company shall annually furnish to the commission a report in
such form as the commission may require, and shall specifically answer all
questions propounded to it by the commission, upon or concerning which the
commission may need information. Such annual reports shall show in detail the
amount of capital stock issued, the amounts paid therefor and the manner of
payment for same, the dividends paid, the surplus fund, if any, and the number
of stockholders, the funded and floating debts and the interest paid thereon,
the cost and value of the company's property, franchises and equipment, the
number of employees and the salaries paid each class, the accidents to
employees and other persons and the cost thereof, the amounts expended for
improvements each year, how expended and the character of such improvements,
the earnings or receipts from each franchise or business and from all sources, the
proportion thereof earned from business moving wholly within the state and the
proportion earned from interstate business, the operating and other expenses
and the proportion of such expense incurred in transacting business wholly
within the state, and proportion incurred in transacting interstate business,
such division to be shown according to such rules of division as the commission
may prescribe, the balances of profit and loss, and a complete exhibit of the
financial operations of the company each year, including an annual balance
sheet. Such report shall also contain such information in relation to rates,
charges or regulations concerning charges, or agreements, arrangements or
contracts affecting the same, as the commission may require; and the commission
may, in its discretion, for the purpose of enabling it the better to carry out
the provisions of this title, prescribe the period of time within which all
public service companies subject to the provisions of this title shall have, as
near as may be, a uniform system of accounts, and the manner in which such
accounts shall be kept. Such detailed report shall contain all the required
statistics for the period of twelve months ending on the last day of any
particular month prescribed by the commission for any public service company.
Such reports shall be made out under oath and filed with the commission at its
office in Olympia ((within three months after the close of the designated
year for which such report is made)) on such date as the commission
specifies by rule, unless additional time be granted in any case by the
commission. The commission shall have authority to require any public service
company to file monthly reports of earnings and expenses, and to file
periodical or special, or both periodical and special, reports concerning any
matter about which the commission is authorized or required by this or any
other law, to inquire into or keep itself informed about, or which it is
required to enforce, such periodical or special reports to be under oath
whenever the commission so requires.
Sec. 2. Section 81.04.080, chapter 14, Laws of 1961 and RCW 81.04.080 are each amended to read as follows:
Every
public service company shall annually furnish to the commission a report in
such form as the commission may require, and shall specifically answer all
questions propounded to it by the commission, upon or concerning which the
commission may need information. Such annual reports shall show in detail the
amount of capital stock issued, the amounts paid therefor and the manner of
payment for same, the dividends paid, the surplus fund, if any, and the number
of stockholders, the funded and floating debts and the interest paid thereon,
the cost and value of the company's property, franchises and equipment, the
number of employees and the salaries paid each class, the accidents to
passengers, employees and other persons and the cost thereof, the amounts
expended for improvements each year, how expended and the character of such
improvements, the earnings or receipts from each franchise or business and from
all sources, the proportion thereof earned from business moving wholly within
the state and the proportion earned from interstate traffic, the nature of the
traffic movement showing the percentage of the ton miles each class of
commodity bears to the total ton mileage, the operating and other expenses and
the proportion of such expense incurred in transacting business wholly within
the state, and the proportion incurred in transacting interstate business, such
division to be shown according to such rules of division as the commission may
prescribe, the balances of profit and loss, and a complete exhibit of the
financial operations of the carrier each year, including an annual balance
sheet. Such report shall also contain such information in relation to rates,
charges or regulations concerning fares, charges or freights, or agreements,
arrangements or contracts affecting the same, as the commission may require;
and the commission may, in its discretion, for the purpose of enabling it the
better to carry out the provisions of this title, prescribe the period of time
within which all public service companies subject to the provisions of this
title shall have, as near as may be, a uniform system of accounts, and the
manner in which such accounts shall be kept. Such detailed report shall
contain all the required statistics for the period of twelve months ending on
the last day of any particular month prescribed by the commission for any
public service company. Such reports shall be made out under oath and filed
with the commission at its office in Olympia ((within three months after the
close of the designated year for which such report is made)) on such
date as the commission specifies by rule, unless additional time be
granted in any case by the commission. The commission shall have authority to
require any public service company to file monthly reports of earnings and
expenses, and to file periodical or special, or both periodical and special,
reports concerning any matter about which the commission is authorized or
required by this or any other law, to inquire into or keep itself informed
about, or which it is required to enforce, such periodical or special reports
to be under oath whenever the commission so requires.
Sec. 3. Section 80.04.320, chapter 14, Laws of 1961 and RCW 80.04.320 are each amended to read as follows:
The
commission may prescribe the necessary rules ((and regulations)) to place
RCW 80.04.300 through 80.04.330 in operation. It may, by ((general order))
rule, establish criteria to exempt companies in whole or
in part from the operation thereof ((companies whose gross operating
revenues are less than twenty-five thousand dollars a year)). The
commission may upon request of any company withhold from publication during
such time as the commission may deem advisable any portion of any original or
supplementary budget relating to proposed capital expenditures.