---
kind: "section"
citation: "18 C.F.R. § 367.2"
title: "18"
number: "367.2"
heading: "Companies for which this system of accounts is prescribed."
url: "https://uscodex.org/cfr/18/367.2"
---

# §367.2. Companies for which this system of accounts is prescribed.

- (a) Unless otherwise exempted or granted a waiver by Commission rule or order pursuant to §§ [366.3](/cfr/18/366.3.md) and [366.4](/cfr/18/366.4.md) of this chapter, this Uniform System of Accounts applies to any centralized service company operating, or organized specifically to operate, within a holding company system for the purpose of providing non-power services to any public utility or any natural gas company, or both, in the same holding company system.
- (b) **This Uniform System of Accounts is not applicable to—**
  - (1) Service companies that are specifically organized as a special-purpose company such as a fuel supply company or a construction company.
  - (2) **Electric or gas utility companies.**
  - (3) **Companies primarily engaged—**
    - (i) In the production of goods, including exploration and development of fuel resources,
    - (ii) In the provision of water, telephone, or similar services, the sale of which is normally subject to public rate regulation,
    - (iii) In the provision of transportation, whether or not regulated, or
    - (iv) In the ownership of property, including leased property and fuel reserves, for the use of associate companies.
  - (4) **A service company that provides services exclusively to a local gas distribution company.**
  - (5) **Holding companies.**
- (c) To the extent that the term service company is used in this Uniform System of Accounts, it applies only to centralized service companies.

## Notes

### Amendments

[Order 684, 71 FR 65226, Nov. 7, 2006, as amended by Order 731, 74 FR 68529, Dec. 28, 2009]

### Authority

Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.

### Source

Source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.

### Amendments

[Order 684, 71 FR 65226, Nov. 7, 2006, as amended by Order 731, 74 FR 68529, Dec. 28, 2009]