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42 U.S.C. § 16454

Title 42Chapter 149Current through PL 116-220~1 min readLast updated: March 30, 2026View on OLRC →
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§ 16454. Exemption authority

  • (a) Not later than 90 days after the effective date of this part, the Commission shall issue a final rule to exempt from the requirements of section 16452 of this title (relating to Federal access to books and records) any person that is a holding company, solely with respect to one or more—
    • (1) qualifying facilities under the Public Utility Regulatory Policies Act of 1978 ( 16 U.S.C. 2601 et seq.);
    • (2) exempt wholesale generators; or
    • (3) foreign utility companies.
  • (b) The Commission shall exempt a person or transaction from the requirements of section 16452 of this title (relating to Federal access to books and records) if, upon application or upon the motion of the Commission—
    • (1) the Commission finds that the books, accounts, memoranda, and other records of any person are not relevant to the jurisdictional rates of a public utility or natural gas company; or
    • (2) the Commission finds that any class of transactions is not relevant to the jurisdictional rates of a public utility or natural gas company.

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