§16462 — Title 42 The Public Health and Welfare | U.S. Code

Summary

The Commission can review and approve how costs are split when an affiliate company, formed to sell non-power goods or management/administrative services, provides those goods or services to a public utility in the same holding company system, if the holding system or the State commission asks. public utility — meaning the term in section 824(e) of title 16. It does not affect other Commission or State powers. Not later than 4 months after August 8, 2005, the Commission must issue rules, not effective before the effective date of this part, to exempt companies whose public utility work is mostly inside one State and any other transaction types it finds not relevant to a utility’s jurisdictional rates.

Title 42, §16462

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

(a)In this section, the term “public utility” has the meaning given the term in section 824(e) of title 16.

(b)In the case of non-power goods or administrative or management services provided by an associate company organized specifically for the purpose of providing such goods or services to any public utility in the same holding company system, at the election of the system or a State commission having jurisdiction over the public utility, the Commission, after the effective date of this part, shall review and authorize the allocation of the costs for such goods or services to the extent relevant to that associate company.

(c)Nothing in this section shall affect the authority of the Commission or a State commission under other applicable law.

(d)Not later than 4 months after August 8, 2005, the Commission shall issue rules (which rules shall be effective no earlier than the effective date of this part) to exempt from the requirements of this section any company in a holding company system whose public utility operations are confined substantially to a single State and any other class of transactions that the Commission finds is not relevant to the jurisdictional rates of a public utility.

Editorial Notes

References in Text

For the

Effective Date

of this part, referred to in subsecs. (b) and (d), see

Effective Date

note set out under section 16451 of this title.

§16462 Service allocation

Summary

Title 42, §16462

Notes & Related Subsidiaries

Editorial Notes

References in Text

Effective Date

Effective Date

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