Value

(3) Value when applied to:

Source

18 CFR § 33.1


Scoping language

Applicability.
(1) The requirements of this part will apply to any public utility seeking authorization under section 203 of the Federal Power Act to:
(i) Sell, lease, or otherwise dispose of the whole of its facilities subject to the jurisdiction of the Commission, or any part thereof of a value in excess of $10 million;
(ii) Merge or consolidate, directly or indirectly, its facilities subject to the jurisdiction of the Commission, or any part thereof, with the facilities of any other person, or any part thereof, that are subject to the jurisdiction of the Commission and have a value in excess of $10 million, by any means whatsoever;
(iii) Purchase, acquire, or take any security with a value in excess of $10 million of any other public utility; or
(iv) Purchase, lease, or otherwise acquire an existing generation facility:
(A) That has a value in excess of $10 million; and
(B) That is used in whole or in part for wholesale sales in interstate commerce by a public utility.
(2) The requirements of this part shall also apply to any holding company in a holding company system that includes a transmitting utility or an electric utility if such holding company seeks to purchase, acquire, or take any security with a value in excess of $10 million of, or, by any means whatsoever, directly or indirectly, merge or consolidate with, a transmitting utility, an electric utility company, or a holding company in a holding company system that includes a transmitting utility, or an electric utility company, with a value in excess of $10 million.

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