{"identifier":"/us/usc/t42/s16454","title":42,"num":"\u00a7\u202f16454.","heading":"Exemption authority","text":"\u00a7\u202f16454.\nExemption authority\n(a)\nRulemaking\nNot later than 90 days after the effective date of this part, the Commission shall issue a final rule to exempt from the requirements of\n(1) qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (\n16 U.S.C. 2601\n(2) exempt wholesale generators; or\n(3) foreign utility companies.\n(b)\nOther authority\nThe Commission shall exempt a person or transaction from the requirements of\n(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\n(2) the Commission finds that any class of transactions is not relevant to the jurisdictional rates of a public utility or natural gas company.","url":"https://projectusc.org/usc/t42/s16454.html","content":[{"t":"sec","id":"/us/usc/t42/s16454","children":[{"t":"num","text":"\u00a7\u202f16454."},{"t":"heading","text":"Exemption authority"},{"t":"subsec","id":"/us/usc/t42/s16454/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Rulemaking"},{"t":"chapeau","text":"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 ","children":[{"t":"ref","text":"section 16452 of this title","href":"/us/usc/t42/s16452","tail":" (relating to Federal access to books and records) any person that is a holding company, solely with respect to one or more\u2014"}]},{"t":"para","id":"/us/usc/t42/s16454/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (","children":[{"t":"ref","text":"16 U.S.C. 2601","href":"/us/usc/t16/s2601","tail":" et seq.);"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s16454/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" exempt wholesale generators; or","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s16454/a/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" foreign utility companies.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t42/s16454/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Other authority"},{"t":"chapeau","text":"The Commission shall exempt a person or transaction from the requirements of ","children":[{"t":"ref","text":"section 16452 of this title","href":"/us/usc/t42/s16452","tail":" (relating to Federal access to books and records) if, upon application or upon the motion of the Commission\u2014"}]},{"t":"para","id":"/us/usc/t42/s16454/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" 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","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s16454/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the Commission finds that any class of transactions is not relevant to the jurisdictional rates of a public utility or natural gas company.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}