Title 42 — The Public Health and WelfareRelease 119-73

§16452 Federal access to books and records

Title 42 › Chapter CHAPTER 149— - NATIONAL ENERGY POLICY AND PROGRAMS › Subchapter SUBCHAPTER XII— - ELECTRICITY › Part Part D— - Repeal of Public Utility Holding Company Act of 1935 › § 16452

Last updated Apr 6, 2026|Official source

Summary

Holding companies and their related companies must keep books and records and must give them to the Commission when the Commission says those records are relevant to costs of any public utility or natural gas company they are connected to and are needed to protect customers’ rates. The Commission may also inspect the books and records of any company in the holding company system for the same reason. Commission staff must keep information they learn in these examinations secret unless the Commission or a court orders otherwise.

Full Legal Text

Title 42, §16452

The Public Health and Welfare — Source: USLM XML via OLRC

(a)Each holding company and each associate company thereof shall maintain, and shall make available to the Commission, such books, accounts, memoranda, and other records as the Commission determines are relevant to costs incurred by a public utility or natural gas company that is an associate company of such holding company and necessary or appropriate for the protection of utility customers with respect to jurisdictional rates.

(b)Each affiliate of a holding company or of any subsidiary company of a holding company shall maintain, and shall make available to the Commission, such books, accounts, memoranda, and other records with respect to any transaction with another affiliate, as the Commission determines are relevant to costs incurred by a public utility or natural gas company that is an associate company of such holding company and necessary or appropriate for the protection of utility customers with respect to jurisdictional rates.

(c)The Commission may examine the books, accounts, memoranda, and other records of any company in a holding company system, or any affiliate thereof, as the Commission determines are relevant to costs incurred by a public utility or natural gas company within such holding company system and necessary or appropriate for the protection of utility customers with respect to jurisdictional rates.

(d)No member, officer, or employee of the Commission shall divulge any fact or information that may come to his or her knowledge during the course of examination of books, accounts, memoranda, or other records as provided in this section, except as may be directed by the Commission or by a court of competent jurisdiction.

Reference

Citations & Metadata

Citation

42 U.S.C. § 16452

Title 42 — The Public Health and Welfare

Last Updated

Apr 6, 2026

Release point: 119-73