§16455 — Title 42 The Public Health and Welfare | U.S. Code

Summary

Federal regulators keep their full power under the Federal Power Act to make sure interstate utility rates are fair. They can approve or deny passing costs to customers, stop one company from unfairly using another's money, and make rules to protect utility buyers. Federal and state commissions may also decide if a utility can recover costs paid to an associate company.

Title 42, §16455

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

(a)Nothing in this part shall limit the authority of the Commission under the Federal Power Act (16 U.S.C. 791a et seq.) to require that jurisdictional rates are just and reasonable, including the ability to deny or approve the pass through of costs, the prevention of cross-subsidization, and the issuance of such rules and regulations as are necessary or appropriate for the protection of utility consumers.

(b)Nothing in this part shall preclude the Commission or a State commission from exercising its jurisdiction under otherwise applicable law to determine whether a public-utility company, public utility, or natural gas company may recover in rates any costs of an activity performed by an associate company, or any costs of goods or services acquired by such public-utility company from an associate company.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This part, referred to in text, was in the original “this subtitle”, meaning subtitle F (§§ 1261–1277) of title XII of Pub. L. 109–58, Aug. 8, 2005, 119 Stat. 972, which enacted this part, amended section 824 and 824m of Title 16, Conservation, repealed chapter 2C (§ 79 et seq.) of Title 15, Commerce and Trade, and section 825q of Title 16, and enacted provisions set out as notes under section 15801 and 16451 of this title. For complete classification of subtitle F to the Code, see

Short Title

note set out under section 15801 of this title and Tables. The Federal Power Act, referred to in subsec. (a), is act June 10, 1920, ch. 285, 41 Stat. 1063, which is classified generally to chapter 12 (§ 791a et seq.) of Title 16, Conservation. For complete classification of this Act to the Code, see section 791a of Title 16 and Tables.

§16455 Affiliate transactions