Sec. 32.7450  Provision for deferred nonoperating income taxes--net.

    (a) This account shall be charged or credited, as appropriate, with 
contra enties recorded to the following accounts for nonoperating tax 
expenses that has been deferred in accordance with Sec. 32.22 of subpart 
B:

4110  Net Current Deferred Nonoperating Income Taxes
4350  Net Noncurrent Deferred Nonoperating Income Taxes

    (b) Subsidiary record categories shall be maintained to distinguish 
between property and nonproperty related deferrals and so that the 
company may separately report the amounts contained herein that relate 
to Federal, state and local income taxes. Such subsidiary record 
categories shall be reported as required by part 43 of this Commission's 
Rules and Regulations.