---
kind: "section"
citation: "18 C.F.R. § 4.1"
title: "18"
number: "4.1"
heading: "Initial cost statement."
url: "https://uscodex.org/cfr/18/4.1"
---

# §4.1. Initial cost statement.

- (a) **Notification of Commission.** When a project is constructed under a license issued under the Federal Power Act, the licensee shall, within one year after the original project is ready for service, file with the Commission a letter, in quadruplicate, declaring that the original costs have been booked in compliance with the Commission's Uniform System of Accounts and the books of accounts are ready for audit.
- (b) **Licensee's books.** The licensee's books of accounts for each project shall be maintained in such a fashion that each year's additions, betterments, and deletions to the project may be readily ascertained.
- (c) **Availability of information to the public.** The information made available to the Commission in accordance with this section must be available to the public for inspection and copying when specifically requested.
- (d) **Compliance with the Act.** Compliance with the provisions of this section satisfies the filing requirements of section 4(b) of the Federal Power Act ([16 U.S.C. 797(b)](/usc/16/797.md?p=b)).

## Notes

### Amendments

[Order 53, 44 FR 61948, Oct. 29, 1979]

### Authority

Authority: 16 U.S.C. 791a-825r; 42 U.S.C. 7101-7352.

### Source

Source: Order 141, 12 FR 8485, Dec. 19, 1947, unless otherwise noted.

### Amendments

[Order 53, 44 FR 61948, Oct. 29, 1979]