§ 717d. Fixing rates and charges; determination of cost of production or transportation

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1938

   Natural Gas Act

   Pub. L. 75–556 § 5 · 52 Stat. 821

   Enacted · 15 U.S.C. § 717d

   (June 21, 1938, ch. 556, § 5, 52 Stat. 823.)

   Source evidence

   Code source credit
   (June 21, 1938, ch. 556, § 5, 52 Stat. 823.)

   Enacted provision · exact public law section
   Sec. 5. fixing rates and charges; determination of cost of production or transportation (a) Whenever the Commission, after a hearing had upon Fixing rates and charges. its own motion or upon complaint of any State, municipality, State commission, or gas distributing company, shall find that any rate, charge, or classification demanded, observed, charged, or collected by any natural-gas company in connection with any transportation or sale of natural gas, subject to the jurisdiction of the Commission or that any rule, regulation, practice, or contract affecting such rate, charge, or classification is unjust, unreasonable, unduly discriminatory, or preferential, the Commission shall determine the just and reasonable rate, charge, classification, rule, regulation, practice, or contract to be thereafter observed and in force, and shall fix the same by order: Provisos. Power of Commission to increase or decrease rates. Provided, however, That the Commission shall have no power to order any increase in any rate contained in the currently effective schedule of such natural gas company on file with the Commission, unless such increase is in accordance with a new schedule filed by such natural gas company; but the Commission may order a decrease where existing rates are unjust, unduly discriminatory, preferential, otherwise unlawful, or are not the lowest reasonable rates. (b) Determination of cost of production or transportation. The Commission upon its own motion, or upon the request of any State commission, whenever it can do so without prejudice to the efficient and proper conduct of its affairs, may investigate and determine the cost of the production or transportation of natural gas by a natural-gas company in cases where the Commission has no authority to establish a rate governing the transportation or sale of such natural gas.

1 of 1 references resolved to an enrolled provision