HF 5686 .G3 45 1940 FEDERAL POWER COMMISSION LELAND OLDS, Chairman CLAUDE L. DRAPER, Vice Chairman BASIL MANLY JOHN W. SCOTT CLYDE L. SEAVEY LEON M. FUQUAY, Secretary DEPOSITED BY THE TED STATES OF AMERICA JUL 12'40 FEDERAL POWER COMMISSION Order No. 69 (Adopted November 3, 1939) PRESCRIBING A SYSTEM OF ACCOUNTS FOR NATURAL It appearing to the Commission that: (a) Section 8 (a) of the Natural Gas Act authorizes the Commission to prescribe a system of accounts to be kept by natural gas companies and to classify such natural gas companies and prescribe a system of accounts for each class; (b) Copies of a tentative draft, dated May 15, 1939, of a uniform system of accounts to be prescribed for natural gas companies subject to the provisions of the Natural Gas Act, were, on June 20, 1939, sent by the Commission to State commissions, natural gas companies, and other interested persons and organizations, and comments and suggestions with respect thereto were requested to be filed with the Commission on or before July 10, 1939; (c) The Commission received comments and suggestions with respect to said tentative draft from certain State commissions, natural gas companies, and others; (d) On September 6, 1939, the Commission adopted an order in Docket No. G-137 fixing September 27, 1939, as a date for hearing for the purpose of receiving evidence with respect to the adoption of the proposed uniform system of accounts for natural gas companies from any State commission, natural gas company, or person. corporation, or organization having an interest in the matter; (e) Said order of September 6, 1939, was sent by the Commission to State commissions, persons engaged in the natural gas business, and other persons and organizations, and a copy thereof was duly published in the Federal Register in the issue of September 12, 1939; (f) A public hearing in this matter was held on September 27 and 28, 1939, before the Commission sitting en banc, and oral and documentary evidence was duly received from the Commission's staff, State commissions, a committee representing the American Gas Association, representatives of the natural gas industry and others; and memorandum briefs were subsequently filed by representatives of the natural gas industry pursuant to permission granted at said hearing. The Commission, having considered the record made in this proceeding by oral and documentary evidence and briefs filed, and acting pursuant to authority granted by the Natural Gas Act (52 Stat. 821), particularly sections 8 (a), 10 (a), and 16 thereof, and finding such action necessary and appropriate for carrying out the provisions of said act, orders that: 5734-6-21 @ |