§ 825a. — Rates of depreciation; notice to State authorities before fixing.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC825a]
TITLE 16--CONSERVATION
CHAPTER 12--FEDERAL REGULATION AND DEVELOPMENT OF POWER
SUBCHAPTER III--LICENSEES AND PUBLIC UTILITIES; PROCEDURAL AND
ADMINISTRATIVE PROVISIONS
Sec. 825a. Rates of depreciation; notice to State authorities
before fixing
(a) The Commission may, after hearing, require licensees and public
utilities to carry a proper and adequate depreciation account in
accordance with such rules, regulations, and forms of account as the
Commission may prescribe. The Commission may, from time to time,
ascertain and determine, and by order fix, the proper and adequate rates
of depreciation of the several classes of property of each licensee and
public utility. Each licensee and public utility shall conform its
depreciation accounts to the rates so ascertained, determined, and
fixed. The licensees and public utilities subject to the jurisdiction of
the Commission shall not charge to operating expenses any depreciation
charges on classes of property other than those prescribed by the
Commission, or charge with respect to any class of property a percentage
of depreciation other than that prescribed therefor by the Commission.
No such licensee or public utility shall in any case include in any form
under its operating or other expenses any depreciation or other charge
or expenditure included elsewhere as a depreciation charge or otherwise
under its operating or other expenses. Nothing in this section shall
limit the power of a State commission to determine in the exercise of
its jurisdiction, with respect to any public utility, the percentage
rate of depreciation to be allowed, as to any class of property of such
public utility, or the composite depreciation rate, for the purpose of
determining rates or charges.
(b) The Commission, before prescribing any rules or requirements as
to accounts, records, or memoranda, or as to depreciation rates, shall
notify each State commission having jurisdiction with respect to any
public utility involved, and shall give reasonable opportunity to each
such commission to present its views, and shall receive and consider
such views and recommendations.
(June 10, 1920, ch. 285, pt. III, Sec. 302, as added Aug. 26, 1935, ch.
687, title II, Sec. 213, 49 Stat. 855.)
Transfer of Functions
Federal Power Commission terminated and its functions, personnel,
property, funds, etc., transferred to Secretary of Energy (except for
certain functions which were 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.
Section Referred to in Other Sections
This section is referred to in sections 825b, 828b of this title;
title 42 section 7172.
