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42 U.S.C. § 16455Affiliate transactions

submitted 21 years ago by Pub. L. 109-58 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 136 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section keeps FERC's full power to keep utility rates fair. FERC can still block unfair cost shifting between affiliated companies. State commissions also keep their power to decide what costs utilities may charge customers.

(a) Commission authority unaffected: Nothing in this part limits the Commission's power under the Federal Power Act to make sure jurisdictional rates stay just and reasonable. The Commission can still deny or approve passing costs through to customers, prevent unfair cost-shifting between affiliated companies, and write rules needed to protect utility consumers. (b) Recovery of costs: Nothing in this part stops the Commission or a state commission from deciding, under other applicable law, whether a public-utility company, public utility, or natural gas company may charge customers for costs from work an affiliate performed, or for goods and services it bought from an affiliate.
the actual law source: uscode.house.gov ↗public domain
(a) Commission authority unaffected

Nothing in this part shall limit the authority of the Commission under the Federal Power Act (16 U.S.C. 791a et seq.) to require that jurisdictional rates are just and reasonable, including the ability to deny or approve the pass through of costs, the prevention of cross-subsidization, and the issuance of such rules and regulations as are necessary or appropriate for the protection of utility consumers.

(b) Recovery of costs

Nothing in this part shall preclude the Commission or a State commission from exercising its jurisdiction under otherwise applicable law to determine whether a public-utility company, public utility, or natural gas company may recover in rates any costs of an activity performed by an associate company, or any costs of goods or services acquired by such public-utility company from an associate company.

Source credit: (Pub. L. 109–58, title XII, § 1267, Aug. 8, 2005, 119 Stat. 976.)

history & why it existsrecord from the source credit
  • 2005Enacted · Pub. L. 109-58 · 119 Stat. 976

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-58 on 2005-08-08.

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