42 U.S.C. § 16462: Service allocation

Summary

Requires the Federal Energy Regulatory Commission (FERC) to review and approve how costs are charged when an affiliated company in the same holding company system supplies non-power goods or management services to a utility, if the holding company or a State commission asks. Public utility — the meaning given in 16 U.S.C. 824(e). The rule does not change any other federal or state authority. FERC must issue rules no later than 4 months after August 8, 2005, and those rules cannot take effect before the effective date of this part; the rules must let FERC exempt companies whose utility work is mostly in one State and any other transactions it finds not relevant to utility rates.

Title 42, §16462

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

(a)Definition of public utility

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

(b)FERC review

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)Effect on Federal and State law

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

(d)Rules

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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