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42 U.S.C. § 13234Federal Energy Regulatory Commission authority to approve recovery of certain expenses in advance

submitted 34 years ago by Pub. L. 102-486 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 274 words · no verdicts yet

in plain englishAI-generated · not legal advice

FERC may let natural gas companies and electric utilities recover research and development costs in advance for transportation-related projects, as long as the benefits to ratepayers outweigh the costs. FERC must also try to ensure other funding sources — not just ratepayers — help cover these projects.

(a) Natural gas motor vehicles: Under 15 U.S.C. § 717c, FERC may let natural-gas companies recover research, development, and demonstration expenses in advance for Gas Research Institute projects on using natural gas (including fuels made from it) for transportation, and on using natural gas to control pollutants and emissions from burning other fuels — but only if FERC finds that the benefits to current and future ratepayers, including environmental benefits, outweigh all direct costs to them. As much as practical, FERC must set up cofunding requirements so part of these costs comes from sources other than ratepayer expense recovery — cash, personnel, services, equipment, or other resources from elsewhere. (b) Electric motor vehicles: Under 16 U.S.C. § 824d, FERC may let electric utilities recover research, development, and demonstration expenses in advance for Electric Power Research Institute projects on electric motor vehicles, under the same ratepayer-benefit finding. Here too, FERC must, as much as practical, set up cofunding requirements so part of the cost comes from cash, personnel, services, equipment, or other resources beyond ratepayer expense recovery.
the actual law source: uscode.house.gov ↗public domain
(a) Natural gas motor vehicles

The Federal Energy Regulatory Commission may, under section 717c of title 15, allow recovery of expenses in advance by natural-gas companies for research, development, and demonstration activities by the Gas Research Institute for projects on the use of natural gas, including fuels derived from natural gas, for transportation, and projects on the use of natural gas to control pollutants and to control emissions from the combustion of other fuels, if the Commission finds that the benefits, including environmental benefits, to existing and future ratepayers resulting from such activities exceed all direct costs to existing and future ratepayers. To the maximum extent practicable, through the establishment of cofunding requirements applicable to such projects, the Commission shall ensure that the costs of such activities shall be provided in part, through contributions of cash, personnel, services, equipment, and other resources, by sources other than the recovery of expenses pursuant to this section.

(b) Electric motor vehicles

The Federal Energy Regulatory Commission may, under section 824d of title 16, allow recovery of expenses in advance by electric utilities for research, development, and demonstration activities by the Electric Power Research Institute for projects on electric motor vehicles, if the Commission finds that the benefits, including environmental benefits, to existing and future ratepayers resulting from such activities exceed all direct costs to existing and future ratepayers. To the maximum extent practicable, through the establishment of cofunding requirements applicable to each project, the costs of such activities shall be provided, in part, through contributions of cash, personnel, services, equipment, and other resources, by sources other than the recovery of expenses pursuant to this section.

Source credit: (Pub. L. 102–486, title IV, § 408, Oct. 24, 1992, 106 Stat. 2881.)

history & why it existsrecord from the source credit
  • 1992Enacted · Pub. L. 102-486 · 106 Stat. 2881

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-486 on 1992-10-24.

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