Title 49TransportationRelease 119-73

§60502 Federal Energy Regulatory Commission

Title 49 › Subtitle SUBTITLE VIII— - PIPELINES › Chapter CHAPTER 605— - INTERSTATE COMMERCE REGULATION › § 60502

Last updated Apr 6, 2026|Official source

Summary

FERC has the Interstate Commerce Commission’s powers as of October 1, 1977 to set oil‑pipeline rates and to value pipelines.

Full Legal Text

Title 49, §60502

Transportation — Source: USLM XML via OLRC

The Federal Energy Regulatory Commission has the duties and powers related to the establishment of a rate or charge for the transportation of oil by pipeline or the valuation of that pipeline that were vested on October 1, 1977, in the Interstate Commerce Commission or an officer or component of the Interstate Commerce Commission.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 6050242:7172(b).Aug. 4, 1977, Pub. L. 95–91, § 402(b), 91 Stat. 584. 49:101 (note prec.).Oct. 17, 1978, Pub. L. 95–473, § 4(c)(1)(B), (2) (related to § 402(b) of Department of Energy Organization Act), 92 Stat. 1470. The words “duties and powers . . . that were vested . . . in” are coextensive with, and substituted for, “transferred to, and vested in . . . all functions and authority of” for clarity and to eliminate unnecessary words. The word “regulatory” is omitted as surplus. The words “on October 1, 1977” are added to reflect the

Effective Date

of the transfer of the duties and powers to the Federal Energy Regulatory Commission.

Statutory Notes and Related Subsidiaries

Abolition of Interstate Commerce Commission and

Transfer of Functions

Interstate Commerce Commission abolished and functions of Commission transferred, except as otherwise provided in Pub. L. 104–88, to Surface Transportation Board effective Jan. 1, 1996, by section 1302 of this title, and section 101 of Pub. L. 104–88, set out as a note under section 1301 of this title. References to Interstate Commerce Commission deemed to refer to Surface Transportation Board, a member or employee of the Board, or Secretary of Transportation, as appropriate, see section 205 of Pub. L. 104–88, set out as a note under section 1301 of this title.

Reference

Citations & Metadata

Citation

49 U.S.C. § 60502

Title 49Transportation

Last Updated

Apr 6, 2026

Release point: 119-73