Sec. 32.7510  Interest on funded debt.

    (a) This account shall include the current accruals of interest on 
all classes of debt the principal of which is includable in Account 
4210, Funded Debt. It shall also include the interest on funded debt the 
maturity of which has been extended by specific agreement.
    (b) This account shall be kept so that the interest on each class of 
funded debt may be shown separately in the annual reports to this 
Commission.
    (c) These accounts shall not include charges for interest on funded 
debt issued or assumed by the company and held by or for it, whether 
pledged as collateral or held in its treasury, in special deposits or in 
sinking or other funds.
    (d) Interest expressly provided for and included in the face amount 
of securities issued shall be charged at the time of issuance to Account 
1330, Other Prepayments, and cleared to this account as the term expires 
to which the interest applies.
    (e) This account shall also include monthly amortization of balances 
in Accounts 4220, Premium on Long-Term Debt, and 4230, Discount on Long-
Term Debt.