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UNITED STATES OF AMERICA

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FOREWORD

FEDERAL POWER ACT

The Federal Power Act was originally enacted as the Federal Water Power Act, approved June 10, 1920 (41 Stat. 1063, 16 U. S. C. 791-823). On March 3, 1921, it was amended to exclude therefrom any authority to license water power projects in national parks or national monuments (41 Stat. 1353). The Commission was reorganized as an independent Commission under the act approved June 23, 1930 (46 Stat. 797). By Title II of the Public Utility Act of 1935, approved August 26, 1935 (49 Stat. 838, 16 U. S. C. Sup. IV, 791a-825r), the original Federal Water Power Act was made Part I of the "Federal Power Act" and Parts II and III added to that act. Part II vests in the Commission jurisdiction over the interstate transmission of electric energy and public utility companies engaged therein. Part III relates to such companies and to licensees and carries the administrative and procedural provisions of the Federal Power Act.

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FEDERAL POWER ACT WITH AMENDMENTS AS

APPROVED TO JANUARY 1, 1940

PART I

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Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled [as amended June 23, 1930], That a commission is hereby created and established, to be known as the Federal Power Commission (hereinafter referred to Federal Power as the "commission ") which shall be composed of five Creation and commissioners who shall be appointed by the President, by and with the advice and consent of the Senate, one of whom shall be designated by the President as chair- Chairman of, apman and shall be the principal executive officer of the dent. commission: Provided, That after the expiration of the Election of sucoriginal term of the commissioner so designated as men. chairman by the President, chairmen shall be elected by the commission itself, each chairman when so elected to act as such until the expiration of his term of office. The commissioners first appointed under this section, Terms of comas amended, shall continue in office for terms of one, two, three, four, and five years, respectively, from the date this section, as amended, takes effect, the term of each to be designated by the President at the time of nomination. Their successors shall be appointed each of successors. for a term of five years from the date of the expiration of the term for which his predecessor was appointed, except that any person appointed to fill a vacancy oc- Exception. curring prior to the expiration of the term for which his predecessor was appointed shall be appointed only for the unexpired term of such predecessor. Not more than three of the commissioners shall be appointed from Restriction of the same political party. No person in the employ of cause of politi or holding any official relation to any licensee or to any ationa person, firm, association, or corporation engaged in the generation, transmission, distribution, or sale of power, or owning stock or bonds thereof, or who is in any manner pecuniarily interested therein, shall enter upon the

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