§ 815. — Contract to furnish power extending beyond period of license; obligations of new licensee.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC815]
TITLE 16--CONSERVATION
CHAPTER 12--FEDERAL REGULATION AND DEVELOPMENT OF POWER
SUBCHAPTER I--REGULATION OF THE DEVELOPMENT OF WATER POWER AND RESOURCES
Sec. 815. Contract to furnish power extending beyond period of
license; obligations of new licensee
Whenever the public interest requires or justifies the execution by
the licensee of contracts for the sale and delivery of power for periods
extending beyond the date of termination of the license, such contracts
may be entered into upon the joint approval of the commission and of the
public-service commission or other similar authority in the State in
which the sale or delivery of power is made, or if sold or delivered in
a State which has no such public-service commission, then upon the
approval of the commission, and thereafter, in the event of failure to
issue a new license to the original licensee at the termination of the
license, the United States or the new licensee, as the case may be,
shall assume and fulfill all such contracts.
(June 10, 1920, ch. 285, pt. I, Sec. 22, 41 Stat. 1074; renumbered pt.
I, Aug. 26, 1935, ch. 687, title II, Sec. 212, 49 Stat. 847.)
Transfer of Functions
Federal Power Commission terminated and its functions, personnel,
property, funds, etc., transferred to Secretary of Energy (except for
certain functions transferred to Federal Energy Regulatory Commission)
by sections 7151(b), 7171(a), 7172(a), 7291, and 7293 of Title 42, The
Public Health and Welfare.
Executive and administrative functions of Federal Power Commission,
with certain reservations, transferred to Chairman of such Commission,
with authority vested in him to authorize their performance by any
officer, employee, or administrative unit under his jurisdiction, by
Reorg. Plan No. 9 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175,
64 Stat. 1265, set out as a note under section 792 of this title.
