Sec.  32.2003   Telecommunications plant under construction.

   (a) This account shall include the original cost of construction projects
   (note also  Sec. 32.2000(c)) of this part and the cost of software development
   projects that are not yet ready for their intended use.

   (b) There may be charged directly to the appropriate plant accounts the cost
   of any construction project which is estimated to be completed and ready for
   service within two months from the date on which the project was begun.
   There may also be charged directly to the plant accounts the cost of any
   construction project for which the gross additions to plant are estimated to
   amount to less than $100,000.

   (c) If a construction project has been suspended for six months or more, the
   cost of the project included in this account may remain in this account so
   long as the carrier excludes the original cost and associated depreciation
   from its ratebase and ratemaking considerations and reports those amounts in
   reports filed with the Commission pursuant to  Sec.  Sec. 43.21(e)(1) and 43.21(e)(2)
   of this chapter. If a project is abandoned, the cost included in this
   account shall be charged to Account 7300, Nonoperating income and expense.

   (d) When any telecommunications plant, the cost of which has been included
   in this account, is completed ready for service, the cost thereof shall be
   credited to this account and charged to the appropriate telecommunications
   plant or other accounts.

   [ 51 FR 43499 , Dec. 2, 1986, as amended at  60 FR 12138 , Mar. 6, 1995;  64 FR 50007 , Sept. 15, 1999;  65 FR 16335 , Mar. 28, 2000;  67 FR 5685 , Feb. 6, 2002]