16-U.S.C.-815

§815 – Contract to Furnish Power Extending Beyond Period of License; Obligations of New Licensee

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Title 16 > Chapter 12 > Subchapter I > Section 815

Details

• Reference: Section 815
• Legend: §815 – Contract to Furnish Power Extending Beyond Period of License; Obligations of New Licensee
• USCode Year: 2013

Provision Content

Whenever the public interest requires or justifies the execution by the licensee of contracts for the sale and delivery of power for periods extending beyond the date of termination of the license, such contracts may be entered into upon the joint approval of the commission and of the public-service commission or other similar authority in the State in which the sale or delivery of power is made, or if sold or delivered in a State which has no such public-service commission, then upon the approval of the commission, and thereafter, in the event of failure to issue a new license to the original licensee at the termination of the license, the United States or the new licensee, as the case may be, shall assume and fulfill all such contracts.

(June 10, 1920, ch. 285, pt. I, §22, 41 Stat. 1074; renumbered pt. I, Aug. 26, 1935, ch. 687, title II, §212, 49 Stat. 847.)

U.S. Encyclopedia of Law Coverage

16-U.S.C.-812 in the Legal Encyclopedia: Conservation

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16-U.S.C.-801 in the Legal Encyclopedia: Regulation

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16-U.S.C.-797 in the Legal Encyclopedia: Energy

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