Ferc Account 369

FERC Account 369 is used to record the installed cost of electric service lines connecting the distribution system to customers.

Definition

Record in this account the cost installed of service lines used in electric distribution operations.

Account 369 generally captures the utility-owned conductors and related materials used to connect the distribution system to the customer’s point of service. These assets bridge the gap between the main distribution line and the customer connection point.

What is typically included

• Overhead and underground service conductors when classified as utility-owned services
• Service drops, service laterals, and associated connectors and fittings
• Installed cost, including direct labor and capitalizable overheads, when applicable
• Capital replacements meeting utility capitalization policy
• Materials integral to providing the service connection

What is generally not included

• Meters recorded in Account 370
• Installations on customers’ premises recorded in Account 371
• Customer-owned service equipment
• Routine service repairs or reconnect work charged to expense when appropriate
• Main line overhead or underground feeder plant recorded in other distribution accounts

Why Account 369 matters

• Services often require separate classification from main distribution line plant
• Proper accounting supports extension policies, customer contributions, and retirement accounting
• Clear separation improves cost-of-service analysis for customer-related distribution assets
• Balances in this account can be significant for growing utilities with many new connections

Utilities should apply their own capitalization policy, retirement procedures, and continuing property record practices when determining the final accounting treatment for a specific project or transaction.

Examples

New residential service

A utility installs a new underground service lateral from the main to a residence. The utility-owned installed cost would generally be recorded in Account 369, subject to capitalization policy and any contribution treatment.

Service drop replacement

A deteriorated overhead service drop is replaced as part of a capital program. If the work meets capitalization criteria, the installed cost would generally be recorded in Account 369.

Reconnect after storm damage

Minor reconnect work or temporary restoration performed as routine operations would generally be charged to expense rather than Account 369.

Related FERC distribution plant accounts

• Account 365 – Overhead Conductors and Devices
• Account 367 – Underground Conductors and Devices
• Account 368 – Line Transformers
• Account 370 – Meters
• Account 371 – Installations on Customers’ Premises