§ 824g. — Ascertainment of cost of property and depreciation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC824g]
TITLE 16--CONSERVATION
CHAPTER 12--FEDERAL REGULATION AND DEVELOPMENT OF POWER
SUBCHAPTER II--REGULATION OF ELECTRIC UTILITY COMPANIES ENGAGED IN
INTERSTATE COMMERCE
Sec. 824g. Ascertainment of cost of property and depreciation
(a) Investigation of property costs
The Commission may investigate and ascertain the actual legitimate
cost of the property of every public utility, 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) Request for inventory and cost statements
Every public utility upon request shall file with the Commission on
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 10, 1920, ch. 285, pt. II, Sec. 208, as added Aug. 26, 1935, ch.
687, title II, Sec. 213, 49 Stat. 853.)
Transfer of Functions
Federal Power Commission terminated and its functions with regard to
establishment, review, and enforcement of rates and charges for
transmission or sale of electric energy, including determinations on
construction work in progress under this subchapter transferred to
Federal Energy Regulatory Commission by sections 7172(a)(1)(B) 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.
