18 C.F.R. 18 CFR--PART 366
Title 18 - Conservation of Power and Water Resources
Effective Date(s): August 28, 2006 3. Section 366.3 is amended by revising paragraphs (a) introductory text, (b)(2) introductory text, (c) introductory text, and (c)(1), and by adding paragraph (b)(2)(vii) to read as follows: (a) Exempt classes of entities. Any person that is a holding company solely with respect to one or more of the following will be exempt from the requirements of §§366.2 and 366.21 and any associated service company will be exempt from the requirements of §§366.2, 366.22, and 366.23; such person need not make the filings provided in §366.4(a) or (b): * * * * * (b) * * * (2) Commission exemption of additional persons and classes of transactions. The Commission has determined that the following persons and classes of transactions satisfy the requirements of paragraph (b)(1) of this section, and any person that is a holding company solely with respect to one or more of the following may file to obtain an exemption for that person or class of transactions, as appropriate, from the requirements of §§366.2 and 366.21 (applicable to holding companies) and §§366.2, 366.22, and 366.23 (applicable to the holding companies' associated service companies), pursuant to the notification procedure contained in §366.4(b): * * * * * (vii) Natural gas companies that distribute natural or manufactured gas at retail to industrial or electric generation customers and/or distribute de minimis amounts of natural or manufactured gas at retail to farmer or rancher customers located adjacent to the natural gas company's rights-of-way. (c) Waivers. Any person that is a holding company solely with respect to one or more of the following may file to obtain a waiver of the accounting, record-retention, and reporting requirements of §366.21 (applicable to holding companies) and §§366.22 and 366.23 (applicable to the holding companies' associated service companies), pursuant to the notification procedures contained in §366.4(c): (1) Single-state holding company systems; for purposes of §366.3(c)(1), a holding company system will be deemed to be a single-state holding company system if the holding company system derives no more than 13 percent of its public-utility company revenues from outside a single state (for purposes of this waiver, revenues derived from exempt wholesale generators, foreign utility companies and qualifying facilities will not be considered public-utility company revenues); * * * * *
Amendment from July 28, 2006
18 CFR--PART 366
Amendment(s) published July 28, 2006, in 71 FR 42755
§ 366.3 Exemption from Commission access to books and records; waivers of accounting, record-retention, and reporting requirements.
