
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: 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.
