18 C.F.R. § 4.1

Initial cost statement

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(a) Notification of Commission. When a project is constructed under a license issued under the Federal Power Act, the licensee shall, within one year after the original project is ready for service, file with the Commission a letter, in quadruplicate, declaring that the original costs have been booked in compliance with the Commission's Uniform System of Accounts and the books of accounts are ready for audit.

(b) Licensee's books. The licensee's books of accounts for each project shall be maintained in such a fashion that each year's additions, betterments, and deletions to the project may be readily ascertained.

(c) Availability of information to the public. The information made available to the Commission in accordance with this section must be available to the public for inspection and copying when specifically requested.

(d) Compliance with the Act. Compliance with the provisions of this section satisfies the filing requirements of section 4(b) of the Federal Power Act (16 U.S.C. 797(b)).

[Order 53, 44 FR 61948, Oct. 29, 1979]

Notes of Decisions

Cited in 4 cases, 1982–1985 · leading case: Sierra Club v. Fed. Energy Regulatory Comm'n, Tuolumne River Expeditions, Inc. v. Fed. Energy Regulatory Comm'n, 754 F.2d 1506 (9th Cir. 1985).

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Sierra Club v. Fed. Energy Regulatory Comm'n, Tuolumne River Expeditions, Inc. v. Fed. Energy Regulatory Comm'n, 754 F.2d 1506 (9th Cir. 1985). “§ 802 ; 18 C.F.R. § 4.1 et seq. Since the license application procedure can be costly and protracted, the Commission is authorized to issue preliminary permits, 16 U.”

Delaware River Basin Comm'n & Commonwealth of Pennsylvania v. Fed. Energy Regulatory Comm'n, 680 F.2d 16 (3rd Cir. 1982). “§ 802 ; 18 C.F.R. § 4.1 et seq. Compliance with statutory and regulatory conditions takes time and money, and an applicant may not be willing to undertake these up-front expenses without some level of protection.”

Appomattox River Water Auth. v. Fed. Energy Regulatory Comm'n, Brasfield Dev. Ltd., Intervenor, 736 F.2d 1000 (4th Cir. 1984). “§ 802 ; 18 C.F.R. § 4.1 et seq. Compliance with statutory and regula *1004 tory conditions takes time and money, and an applicant may not be willing to undertake these up-front expenses without some level of protection.”

City of Bedford v. Fed. Energy Regulatory Comm'n, 718 F.2d 1164 (D.C. Cir. 1983). “at § 802; see 18 C.F.R. §§ 4.1 -.113 (1983). In order to encourage applicants to expend the resources necessary to prepare license applications, Congress authorized the Commission to issue preliminary permits, 16 U.”

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