[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: 18CFR4.21]

[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 C_Determination of Cost of Constructed Projects not Subject to 
                        Section 23(a) of the Act
 
Sec. 4.21  Reports.

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