18 CFR § 20.2 - Regulation of issuance of securities.

---
identifier: "/us/cfr/t18/s20.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "18 CFR § 20.2 - Regulation of issuance of securities."
title_number: 18
title_name: "Conservation of Power and Water Resources"
section_number: "20.2"
section_name: "Regulation of issuance of securities."
chapter_name: "FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY"
subchapter_number: "B"
subchapter_name: "REGULATIONS UNDER THE FEDERAL POWER ACT"
part_number: "20"
part_name: "AUTHORIZATION OF THE ISSUANCE OF SECURITIES BY LICENSEES AND COMPANIES SUBJECT TO SECTIONS 19 AND 20 OF THE FEDERAL POWER ACT"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Secs. 3(16), 19, 20, 41 Stat. 1063, 1073; secs. 201, 309, 49 Stat. 838, 858; 16 U.S.C. 796 (16), 812, 813, 825k."
regulatory_source: "Order 170, 19 FR 2013, Apr. 8, 1954, unless otherwise noted."
cfr_part: "20"
---


# 20.2 Regulation of issuance of securities.

The licensee or other person issuing or proposing to issue any security subjected to this section by or pursuant to § 20.1, shall be subject to and shall comply with the same requirements as the Commission would administer to it if it were a public utility issuing the security within the meaning and subject to the requirements of section 204 of the Act and part 34 of this subchapter.

For applications for authorization of the issuance of securities or the assumption of liabilities, see part 34 of this chapter.