18 CFR § 367.1011 - Account 101.1, Property under capital leases.
---
identifier: "/us/cfr/t18/s367.1011"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "18 CFR § 367.1011 - Account 101.1, Property under capital leases."
title_number: 18
title_name: "Conservation of Power and Water Resources"
section_number: "367.1011"
section_name: "Account 101.1, Property under capital leases."
chapter_name: "FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY"
subchapter_number: "U"
subchapter_name: "REGULATIONS UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT OF 2005, FEDERAL POWER ACT AND NATURAL GAS ACT"
part_number: "367"
part_name: "UNIFORM SYSTEM OF ACCOUNTS FOR CENTRALIZED SERVICE COMPANIES SUBJECT TO THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 2005, FEDERAL POWER ACT AND NATURAL GAS ACT"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 717 16 U.S.C. 791a and 42 U.S.C. 16451-16463."
regulatory_source: "Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted."
cfr_part: "367"
---
# 367.1011 Account 101.1, Property under capital leases.
(a) This account must include the amount recorded under capital leases for property leased from others and used by the service company in its operations.
(b) The property included in this account must be classified separately according to detailed accounts 301 (§ 367.3010), 303 (§ 367.3030) and 389 to 399.1 (§§ 367.3890 to 367.3991) prescribed for service company property.
(c) Records must be maintained with respect to each capital lease reflecting:
(1) Name of lessor,
(2) Basic details of lease,
(3) Terminal date,
(4) Original cost or fair market value of property leased,
(5) Future minimum lease payments,
(6) Executory costs,
(7) Present value of minimum lease payments,
(8) The amount representing interest and the interest rate used, and
(9) Expenses paid.