§ 717e. — Ascertainment of cost of property.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC717e]
TITLE 15--COMMERCE AND TRADE
CHAPTER 15B--NATURAL GAS
Sec. 717e. Ascertainment of cost of property
(a) Cost of property
The Commission may investigate and ascertain the actual legitimate
cost of the property of every natural-gas company, the depreciation
therein, and, when found necessary for rate-making purposes, other facts
which bear on the determination of such cost or depreciation and the
fair value of such property.
(b) Inventory of property; statements of costs
Every natural-gas company upon request shall file with the
Commission an inventory of all or any part of its property and a
statement of the original cost thereof, and shall keep the Commission
informed regarding the cost of all additions, betterments, extensions,
and new construction.
(June 21, 1938, ch. 556, Sec. 6, 52 Stat. 824.)
Transfer of Functions
Federal Power Commission terminated and functions with regard to
establishment, review, and enforcement of rates and charges for
transportation and sale of natural gas by a producer or gatherer or by a
natural gas pipeline or natural gas company transferred to Federal
Energy Regulatory Commission by sections 7172(a)(1)(C) and 7293 of Title
42, The Public Health and Welfare.
For transfer of functions of Federal Power Commission, with certain
reservations, to Chairman of such Commission, see Reorg. Plan No. 9 of
1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set
out in the Appendix to Title 5, Government Organization and Employees.
Section Referred to in Other Sections
This section is referred to in title 42 section 7172.
