
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 49USC15503]

 
                        TITLE 49--TRANSPORTATION
 
                 SUBTITLE IV--INTERSTATE TRANSPORTATION
 
                        PART C--PIPELINE CARRIERS
 
                           CHAPTER 155--RATES
 
Sec. 15503. Authority and criteria: rates, classifications, 
        rules, and practices prescribed by Board
        
    (a) In General.--When the Board, after a full hearing, decides that 
a rate charged or collected by a pipeline carrier for transportation 
subject to this part, or that a classification, rule, or practice of 
that carrier, does or will violate this part, the Board may prescribe 
the rate, classification, rule, or practice to be followed. In 
prescribing the rate, classification, rule, or practice, the Board may 
utilize rate reasonableness procedures that provide an effective 
simulation of a market-based price for a stand alone pipeline. The Board 
may order the carrier to stop the violation. When a rate, 
classification, rule, or practice is prescribed under this subsection, 
the affected carrier may not publish, charge, or collect a different 
rate and shall adopt the classification and observe the rule or practice 
prescribed by the Board.
    (b) Factors To Consider.--When prescribing a rate, classification, 
rule, or practice for transportation or service by a pipeline carrier, 
the Board shall consider, among other factors--
        (1) the effect of the prescribed rate, classification, rule, or 
    practice on the movement of traffic by that carrier;
        (2) the need for revenues that are sufficient, under honest, 
    economical, and efficient management, to let the carrier provide 
    that transportation or service; and
        (3) the availability of other economic transportation 
    alternatives.

    (c) Proceeding.--The Board may begin a proceeding under this section 
on complaint. A complaint under this section must contain a full 
statement of the facts and the reasons for the complaint and must be 
made under oath.

(Added Pub. L. 104-88, title I, Sec. 106(a), Dec. 29, 1995, 109 Stat. 
924.)


                            Prior Provisions

    Provisions similar to those in this section were contained in 
section 10704 of this title prior to the general amendment of this 
subtitle by Pub. L. 104-88, Sec. 102(a).
