[Code of Federal Regulations] [Title 18, Volume 1] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 18CFR16.12] [Page 220] TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY PART 16_PROCEDURES RELATING TO TAKEOVER AND RELICENSING OF LICENSED PROJECTS--Table of Contents Subpart B_Applications for Projects Subject to Sections 14 and 15 of the Federal Power Act Sec. 16.12 Application for exemption from licensing by a licensee whose license is subject to sections 14 and 15 of the Federal Power Act. (a) An existing licensee whose license is subject to sections 14 and 15 of the Federal Power Act may apply for an exemption for the project. (b) An applicant for an exemption under paragraph (a) must meet the requirements of subpart K or subpart J of part 4 of this chapter, and Sec. Sec. 16.5, 16.6, 16.7, 16.8, 16.9(b) (1), (2) (except the requirement to comply with Sec. Sec. 4.41, 4.51, or 4.61 of this chapter), 16.9(c), 16.10(a), 16.10(b), 16.10(d), and 16.10(e). (c) The Commission will process an application by an existing licensee for an exemption for the project in accordance with Sec. Sec. 16.9(b)(3), 16.9(b)(4), and 16.9(d). (d) If a license application is filed in competition with an application for exemption filed by the existing licensee, the Commission will decide among the competing applications in accordance with the standards of Sec. 16.13 and not in accordance with the provisions of Sec. 4.37(d)(2) of this chapter.