Power Marketing Administrations Privatization: Hearing Before the Committee on Energy and Natural Resources, United States Senate, One Hundred Fourth Congress, First Session ... July 12, 1995, Volume 4 |
Other editions - View all
Common terms and phrases
Administration's agencies APPA Area Power Administration asset sales benefits bidder billion Bonneville budget Central Valley Project CHAIRMAN Colorado River committee competitive Congress cost dams deficit District electric power electric rates electric utilities entities Federal Government federal power marketing FERC finance Glenn English going hydropower impact industry interest investment investor-owned utilities issue legislation license ment Missouri River Basin Mni Sose municipal Navajo Nation net present value NORDHAUS NTUA operation percent PMA assets PMA's power customers Power Marketing Administrations preference customers prepared statement present value projects purchase rate increases ratepayers result revenue stream RICHARDSON River Indian Tribes rural electric cooperatives rural electric systems Rural Utility Service selling the PMAs Senator BUMPERS Senator FORD Senator THOMAS SEPA serve shareholder-owned sold Southeastern Southeastern Power Administration subsidies Thank tion transfer tribal water U.S. SENATOR U.S. Treasury WAPA water rights WATSON Western Area Power
Popular passages
Page 95 - ... available from the Central Valley project power system as a result of the construction of the plants herein authorized and their integration with that system shall be made in accordance with preferences expressed in the Federal reclamation laws...
Page 31 - ... paid into die Treasury millions of dollars that have built up die substantial equity in the Western Area Power Administration, the Southwestern Power Administration, and the Southeastern Power Administration. It would be unfair to sell the output of federal dams to the highest bidder and wipe out an earned right which stretches over a period of nearly 50 years and represents an investment on which consumer-owned utilities and their customers rely. "Electricity is an integral part of the modern...
Page 80 - The divested assets should include the right to market power produced at federal facilities (without any price constraint) and the generation equipment associated with energy production at those facilities. The privatization of PMAs should grandfather in existing operating conditions at hydroelectric generating facilities including minimum flows from the dams and provide a "preference" to current customers that relieves them from current contract requirements if they so desire.
Page 10 - I want to thank you, Mr. Chairman, for holding this hearing, and I look forward to the testimony of our witnesses.
Page 34 - market rate or any other noncost-based method for the pricing of hydroelectric power by the six Federal public power authorities.
Page 16 - I would like to conclude and respond to questions at the appropriate time. [The prepared statement of Mr. Nordhaus follows:] PREPARED STATEMENT OK ROBERT R.
Page 35 - These numbers describe the economic base of the communities served by public power systems and rural electric cooperatives in 29 states where federal hydropower is marketed by the Western Area Power Administration, the Southwestern Power Administration, and the Southeastern Power Administration. Cost-based charges for federal power have been an ingrained part of this economic base from the beginning of the construction program that resulted in the creation of 130 federal water resource projects with...
Page 10 - I would like to summarize my statement and ask that the complete statement be included in the record.
Page 82 - The remaining interest belonging to one who has pledged or mortgaged his property or the surplus value of which may remain after the property has been disposed of for the satisfaction of liens.
Page 17 - If you should have any questions, I would be happy to answer them. The CHAIRMAN. Thank you very much, Mr.