49 U.S.C. § 60502 - Federal Energy Regulatory Commission

• Cite as: 49 U.S.C. § 60502

The Federal Energy Regulatory Commission has the duties and powers related to the establishment of a rate or charge for the transportation of oil by pipeline or the valuation of that pipeline that were vested on October 1, 1977, in the Interstate Commerce Commission or an officer or component of the Interstate Commerce Commission.

Cite as 49 U.S.C. § 60502

Source: <actcitation href="" statecd="US" sessionyear="1994" actaltid="103-272" description="To revise, codify, and enact without substantive change certain general and permanent laws, related to transportation, as subtitles II, III, and V-X of title 49, United States Code, "Transportation", and to make other technical improvements in...">Pub. L. 103-272</actcitation>, §1(e), July 5, 1994, 108 Stat. 1329.</note></notes-src>

current through 7/7/2021

The words "duties and powers . . . that were vested . . . in" are coextensive with, and substituted for, "transferred to, and vested in . . . all functions and authority of" for clarity and to eliminate unnecessary words. The word "regulatory" is omitted as surplus. The words "on October 1, 1977" are added to reflect the effective date of the transfer of the duties and powers to the Federal Energy Regulatory Commission.