# ASC 815-980-15: Derivatives and Hedging — Regulated Operations — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/815/980/#15-scope-and-scope-exceptions)

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## ASC 815-980-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/815/980/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [815-980-15-1](https://asc.understandingaccounting.org/asc/815/980/#815-980-15-1)

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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic; see Section 980-10-15, with specific qualifications and exceptions noted below.

#### Entities

##### [815-980-15-2](https://asc.understandingaccounting.org/asc/815/980/#815-980-15-2)

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The guidance in this Subtopic applies to [nonutility generators](https://asc.understandingaccounting.org/glossary/n/#nonutility-generators "Entities owning electric generating plants built either for their own energy needs or to sell power, usually to rate-regulated entities, under long-term power sales contracts.") as they provide many of the services of entities with regulated operations.

#### Transactions

##### [815-980-15-3](https://asc.understandingaccounting.org/asc/815/980/#815-980-15-3)

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The scope of this Subtopic excludes long-term power supply contracts if they are within the scope of Topic 842 on leases. For the considerations required to determine whether a long-term power sales contract arrangement contains a lease, see Subtopic 842-10.