
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: 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.
