This regulation does not apply to transactions between a utility and another utility, or any operating division of the same utility, which is regulated by the Commission or another state's utility regulatory body. Subject to §C of this regulation, a utility may enter into an asset transfer or receipt transaction with its affiliate. If a utility enters into a transaction with an affiliate involving the transfer or receipt of an asset that has a book value of more than $75,000 per item, or a total book value of $1,000,000, other than a transaction resulting from an open bidding process, including an auction or a request for proposal with an independent evaluator, the utility shall record the transaction in its financial records based on asymmetric pricing to the extent permitted by federal law or regulation.