[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: 18CFR4.14]

[Page 71]
 
           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. 4.14  Hearing upon report.

    (a) Public hearing. After the expiration of the time within which a 
protest may be filed, a public hearing will be ordered in accordance 
with subpart E of part 385 of this chapter.
    (b) Commission determination. After the conclusion of the hearing, 
the Commission will make a finding of fair value, accompanied by an 
order which will be served upon the licensee and all parties to the 
proceeding. One copy of the order shall be furnished to the Secretary of 
the Treasury by the Commission.
    (c) Adjustment to licensee's books. The licensee's books of account 
for the project shall be adjusted to conform to the fair value of the 
project as revised by the order of the Commission. These adjustments and 
the project may be audited by Commission representatives, as scheduled.

[Order 53, 44 FR 61949, Oct. 29, 1979, as amended by Order 225, 47 FR 
19056, May 3, 1982]