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Title 15 — Commerce and Trade

Chapter 15B — Natural Gas

§ 717e. Ascertainment of cost of property

Statutory text

(a)

Cost of property

The Commission may investigate and ascertain the actual legitimate cost of the property of every natural-gas company, the depreciation therein, and, when found necessary for rate-making purposes, other facts which bear on the determination of such cost or depreciation and the fair value of such property.

(b)

Inventory of property; statements of costs

Every natural-gas company upon request shall file with the Commission an inventory of all or any part of its property and a statement of the original cost thereof, and shall keep the Commission informed regarding the cost of all additions, betterments, extensions, and new construction.

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. Natural Gas Act

    Pub. L. 75–556 § 6 · 52 Stat. 821

    Enacted · 15 U.S.C. § 717e

    (June 21, 1938, ch. 556, § 6, 52 Stat. 824.)

    Source evidence

    Code source credit
    (June 21, 1938, ch. 556, § 6, 52 Stat. 824.)

    Enacted provision · exact public law section
    Sec. 6. ascertainment of cost of property (a) The Commission may investigate and ascertain the actual legitimate cost of the property of every natural-gas company, the depreciation therein, and, when found necessary for rate-making purposes, other facts which bear on the determination of such cost or depreciation and the fair value of such property. (b) Inventory of property; original cost, improvements, etc. Every natural-gas company upon request shall file with the Commission an inventory of all or any part of its property and a statement of the original cost thereof, and shall keep the Commission informed regarding the cost of all additions, betterments, extensions, and new construction.

1 of 1 references resolved to an enrolled provision

Credits

(June 21, 1938, ch. 556, § 6, 52 Stat. 824.)

Parsed from the official OLRC USLM XML in data/usc_all/usc15.xml · release point 119-108 · OLRC build 2026-09-09

USLM identifier /us/usc/t15/s717e