We had a discussion on the list some time ago about this. The new 18 CFR
368.2 (i) (FERC) states: 

Retention periods designated "Destroy at option."  "Destroy at option"
constitutes authorization for destruction of records at managements'
discretion if the destruction does not conflict with other legal
retention requirements or usefulness of the records in satisfying
pending regulatory actions or directives.  "Destroy at option after
audit" requires retention until the company has received an opinion from
its independent accountants with respect to the financial statements
including the transactions to which the records relate.



Chuck Piotrowski
CVPS
Records Manager
(802)747-5447
iam.cvps.com

List archives at http://lists.ufl.edu/archives/recmgmt-l.html
Contact [log in to unmask] for assistance