15 U.S.C. § 717h — Rates of depreciation

FEDERAL · 15 U.S.C. · Chapter 15B

Rates of depreciation

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 15B — NATURAL GAS

(a)Depreciation and amortization The Commission may, after hearing, require natural-gas companies to carry proper and adequate depreciation and amortization accounts in accordance with such rules, regulations, and forms of account as the Commission may prescribe. The Commission may from time to time ascertain and determine, and by order fix, the proper and adequate rates of depreciation and amortization of the several classes of property of each natural-gas company used or useful in the production, transportation, or sale of natural gas. Each natural-gas company shall conform its depreciation and amortization accounts to the rates so ascertained, determined, and fixed. No natural-gas company subject to the jurisdiction of the Commission shall charge to operating expenses any depreciation

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Depreciation and amortization
The Commission may, after hearing, require natural-gas companies to carry proper and adequate depreciation and amortization accounts in accordance with such rules, regulations, and forms of account as the Commission may prescribe. The Commission may from time to time ascertain and determine, and by order fix, the proper and adequate rates of depreciation and amortization of the several classes of property of each natural-gas company used or useful in the production, transportation, or sale of natural gas. Each natural-gas company shall conform its depreciation and amortization accounts to the rates so ascertained, determined, and fixed. No natural-gas company subject to the jurisdiction of the Commission shall charge to operating expenses any depreciation or amortization charges on classes of property other than those prescribed by the Commission, or charge with respect to any class of property a percentage of depreciation or amortization other than that prescribed therefor by the Commission. No such natural-gas company shall in any case include in any form under its operating or other expenses any depreciation, amortization, or other charge or expenditure included elsewhere as a depreciation or amortization charge or otherwise under its operating or other expenses. Nothing in this section shall limit the power of a State commission to determine in the exercise of its jurisdiction, with respect to any natural-gas company, the percentage rates of depreciation or amortization to be allowed, as to any class of property of such natural-gas company, or the composite depreciation or amortization rate, for the purpose of determining rates or charges.
(b) Rules
The Commission, before prescribing any rules or requirements as to accounts, records, or memoranda, or as to depreciation or amortization rates, shall notify each State commission having jurisdiction with respect to any natural-gas company involved and shall give reasonable opportunity to each such commission to present its views and shall receive and consider such views and recommendations.

15 U.S.C. § 717h (Rates of depreciation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Tennessee Gas Pipeline Company, a Division of Tenneco Inc. v. Federal Energy Regulatory Commission, Public Service Commission of the State of New York, Entex, Inc., Columbia Gas Transmission Company, Public Service Electric and Gas Company, Northern Illinois Gas Company and New England Customer Group (Bay State Gas Co.), Intervenors. Public Service Commission of the State of New York v. Federal Energy Regulatory Commission, Tennessee Gas Pipeline Company, Columbia Gas Transmission Corporation, New England Customer Group, Northern Illinois Gas Co. And Public Service Electric and Gas Co., Intervenors. Interstate Natural Gas Association of America v. Federal Energy Regulatory Commission, Columbia Gas Transmission Corp., Tennessee Gas Pipeline Co., Public Service Electric and Gas Co. And Public Service Commission of the State of New York, Intervenors. Transcontinental Gas Pipe Line Corporation v. Federal Energy Regulatory Commission, Columbia Gas Transmission Corp., United Cities Gas Company, Public Service Electric & Gas Company, Tennessee Gas Pipeline Co. And Public Service Commission of the State of New York, Intervenors. Michigan Wisconsin Pipe Line Company v. Federal Energy Regulatory Commission, Wisconsin Natural Gas Co., Associated Natural Gas Co. And Michigan Gas Utilities Co., Intervenors

606 F.2d 1094 (D.C. Circuit, 1979)

1 case citations

Source Credit

History

(June 21, 1938, ch. 556, §9, 52 Stat. 826.)

Related

Source Credit

History