Page:United States Statutes at Large Volume 49 Part 1.djvu/899

 854 74TH CONGRESS. SESS. I. CH. 687. AUGUST 26, 1935 . av Information made "( c) The Commission shall make available to the several State commissions such information and reports as may be of assistance Experts, etc. in State regulation of public utilities . Whenever the Commission can do so without preju dice to the effic ient and proper c onduct of its affairs, it may upon request from a State make available to such State as witnesses any of its trained rate, valuation, or other experts, subject to reimbursement to the Commission by such State of the Expenses . compensation and traveling expenses of such witnesses . All sums collected hereunder shall be credited to the appropriation from which the amounts were expended in carrying out the provisions of this subsection . Licensees and public "PART III-LICENSEES AND PUBLIC UTILITIES ; PRO- utilities. CEDURAL AND ADMINISTRATIVE PROVISIONS Accounts, records, a ACCOUNTS, RECORDS, AND MEMORANDA and memor anda. D uty to keep. " SECTION 301 . (a) Every licensee and public utility shall make, keep, and preserve for such periods, such accounts, records of cost- accounting procedures, correspondence, memoranda, papers, books, R ules and r egula - and other records as the Commission may by rules and regulations tions . prescribe as necessary or appropriate for purposes of the administra, tion of this Act, including accounts, records, and memoranda of the generation, transmission, distribution, delivery, or sale of electric energy, the furnishing of services or facilities in connection there- with, and receipts and expenditures with respect to any of the fore- P rovis o ' going : Provided, however, That nothing in this Act shall relieve any Records under State laws. public utility from keeping any accounts, memoranda, or records which such public utility may be required to keep by or under author- A ccount ing sys tems. ity of the laws of any State. The Commission may prescribe a system of accounts to be kept by licensees and public utilities and may classify such licensees and public utilities and prescrib e a system of accounts for each class. The Commission, after notice and oppor- tunity for hearing, may determine by order the accounts in which particular outlays and receipts shall be entered, charged, or credited. Just i fi cat io n The burden of proof to justify every accounting entry questioned of accounting i tems. by the Commission shall be on the person making, authorizing, or requiring such entry, and the Commission may suspend a charge or credit pending submission of satisfactory proof in support thereof. Access to accounts, "(b) The Commission shall at all times have access to and the records, and memo- randa. righ t to insp ect and exami ne a ll a ccoun ts, reco rds, and memo rand a of licensees and public utilities, and it shall be the duty of such licensees and public utilities to furnish to the Commission, within such reasonable time as the Commission may order, any information wi th respect thereto which the Commission may by order require, including copies of maps, contracts, reports of engineers, and other data, records, and papers, and to grant to all agents of the Commis- sion free access to its property and its accounts, records, and memo- gro g 1 robfbftion information . divul- randa when requested so to do . No member, officer, or employee of the Commission shall divulge any fact or information which may come to his knowledge during the course of examination of books or other accounts, as hereinbefore provided, except insofar as he may be d irected by the C ommission or by a court. Exa mi nat io n "(c) The books accounts, memoranda and records of any person of books, accounts, and, , y p memoranda . who control s, directly or in directly, a licen see or public uti lity subject to the jurisdiction of the Commission, and of any other company controlled by such person, insofar as they relate to trans- actions with or the business of such licensee or public utility, shall be subject to examination on the order of the Commission.