
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 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.
