The Federal Power Marketing Revolving Fund Act of 1979: Hearing Before the Subcommittee on Energy Conservation and Supply of the Committee on Energy and Natural Resources, United States Senate, Ninety-sixth Congress, First Session, on S. 734 and S. 1440 ... June 28, 1979

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Page 284 - Interior, who shall transmit and dispose of such power and energy in such manner as to encourage the most widespread use thereof at thelowest possible rates to consumers consistent with sound business principles, the rate schedules to become effective upon confirmation and approval by the Federal Power Commission.
Page 34 - Interest on loans made under this section shall be at a rate not less than (i) a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States...
Page 292 - The Secretary of the Interior Is authorized, from funds to be appropriated by the Congress, to construct or acquire, by purchase or other agreement, only such transmission lines and related facilities as may be necessary in order to make the power and energy generated at said projects available in wholesale quantities for sale on fair and reasonable terms and conditions to facilities owned by the Federal Government, public bodies, cooperatives, and privately owned companies.
Page 35 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities during the month preceding the issuance of the notes or other obligations.
Page 249 - Electric power and energy generated at reservoir projects under the control of the War Department and in the opinion of the Secretary of War not required in the operation of such projects shall be delivered to the Secretary of the Interior, who shall transmit and dispose of such power and...
Page 36 - ... and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities...
Page 285 - That penstocks or other similar facilities adapted to possible future use in the development of hydroelectric power shall be installed in any dam herein authorized when approved by the Secretary of War upon the recommendation of the Chief of Engineers and of the Federal Power Commission...
Page 280 - transmit and dispose of such power and energy in such manner as to encourage the most widespread use thereof at the lowest possible rates to consumers consistent with sound business principles...
Page 279 - Mr. Chairman, I rise in opposition to the amendment." ***** "Mr. Chairman, the proposed amendment attempts to turn over to the Secretary of the Interior all of the power that will be generated by the dams included in the pending legislation. If we want to build up or create a czar over the empire of Federal power this is one way to do it.
Page 32 - Association". (o) The budget and audit provisions of the Government Corporation Control Act (31 USC 846) shall be applicable to the Environmental Financing Authority in the same manner as they are applied to the wholly owned Government corporations.

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