[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: 18CFR4.11]

[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. 4.11  Reports.

    Representatives of the Commission will inspect the project works, 
engineering reports, and other records of the project, check the 
inventory and make an appraisal of the property and an audit of the 
books, records, and accounts of the licensee relating to the property to 
be valued, and will prepare a report of their findings with respect to 
the inventory, appraisal, original cost, accrued depreciation, and fair 
value of the property.