18 CFR § 4.1 - Initial cost statement.

---
identifier: "/us/cfr/t18/s4.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "18 CFR § 4.1 - Initial cost statement."
title_number: 18
title_name: "Conservation of Power and Water Resources"
section_number: "4.1"
section_name: "Initial cost statement."
chapter_name: "FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY"
subchapter_number: "B"
subchapter_name: "REGULATIONS UNDER THE FEDERAL POWER ACT"
part_number: "4"
part_name: "LICENSES, PERMITS, EXEMPTIONS, AND DETERMINATION OF PROJECT COSTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "16 U.S.C. 791a-825r; 42 U.S.C. 7101-7352."
regulatory_source: "Order 141, 12 FR 8485, Dec. 19, 1947, unless otherwise noted."
cfr_part: "4"
---


# 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)).

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