[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: 18CFR4.10]

[Page 70]
 
           TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES
 
  CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY
 
PART 4_LICENSES, PERMITS, EXEMPTIONS, AND DETERMINATION OF PROJECT 
COSTS--Table of Contents
 
  Subpart B_Determination of Fair Value of Constructed Projects, Under 
                        Section 23(a) of the Act
 
Sec. 4.10  Valuation data.


    (a) Notification of Commission. In every case arising under section 
23(a) of the Federal Power Act that requires the determination of the 
fair value of a project already constructed, the licensee shall, within 
six months after the date of issuance of a license, file with the 
Commission a letter, in quadruplicate.
    (b) Contents of letter. The letter referred to in paragraph (a) 
shall contain a statement to the effect that an inventory and appraisal 
in detail, as of the effective date of the license, of all property 
subject thereto and to be so valued has been completed. The letter shall 
also include a statement to the effect that the actual legitimate 
original cost, or if not known, the estimated original cost, and accrued 
depreciation of the property, classified by prime accounts as prescribed 
in the Commission's Uniform System of Accounts, have been established.
    (c) Licensee's books. The licensee's books of account for each 
project shall be maintained in such a fashion that each year's 
additions, betterments, and deletions to the projects may be readily 
ascertained.
    (d) Availability of information to the public. The information made 
available to the Commission in accordance with this section must be 
available for inspection and copying by the public when specifically 
requested.

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