Review of Electric Power Rate Increases: Hearings Before the Subcommittee on Water and Power Resources of the Committee on Interior and Insular Affairs, House of Representatives, Ninety-third Congress, Second Session, on H.R. 14221 ... May 17 and 20, 1974
United States. Congress. House. Committee on Interior and Insular Affairs. Subcommittee on Water and Power Resources
U.S. Government Printing Office, 1974 - Electric utilities - 164 pages
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additional adjustment Administration agencies amount announced annual answer applicable appropriate Assistant assume authorized average basis believe benefit bill Bureau Bureau of Reclamation California capacity capital cent Central Valley project Centralia Chairman charges Committee Company concerning Congress contract Contractor costs criteria decision Department determined effect electric power energy established estimated facilities fact Federal Power Federal Power Commission financed firm further future Government hearings income interest Interior investment irrigation issue Johnson less load marketing matter meet ment mills municipal November operation opportunity percent period PG&E plant preference customers present procedures promulgated proposed purchased questions rate increases rate schedule reasonable Reclamation record regard repayment replacements request result Secretary sold statement studies Subcommittee subsidy supply tion United utilities
Page 41 - Rate schedules shall be drawn having regard to the recovery (upon the basis of the application of such rate schedules to the capacity of the electric facilities of the projects) of the cost of producing and transmitting such electric energy, including the amortization of the capital investment allocated to power over a reasonable period of years.
Page 97 - The Contractor warrants that he has not employed any person to solicit or secure this contract upon any agreement for a commission, percentage, brokerage, or contingent fee. Breach of this warranty shall give the Government the right to annul the contract, or, in its discretion, to deduct from the contract price or consideration the amount of such commission, percentage, brokerage, or contingent fees. This warranty shall not apply to commissions payable by Contractors upon contracts or sales secured...
Page 77 - ... sale to and use by industry shall be a secondary purpose, to be utilized principally to secure a sufficiently high load factor and revenue returns which will permit domestic and rural use at the lowest possible rates and in such manner as to encourage increased domestic and rural use of electricity.
Page 41 - Interior, who shall 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, the rate schedules to become effective upon confirmation and approval by the Federal Power Commission.
Page 96 - That in the construction, operation, and maintenance of the project, he shall not discriminate against any employee or applicant for employment because of race, creed, color, or national origin and shall require an identical provision to be included in all subcontracts.
Page 96 - Contractor or any subcontractor engaged in the performance of this contract shall be computed on a basic day rate of eight hours per day; and work in excess of eight hours per day is permitted...
Page 38 - ... years, and at such rates as in his judgment will produce power revenues at least sufficient to cover an appropriate share of the annual operation and maintenance cost, interest on an appropriate share of the construction Investment at not less than 3 per centum per annum, and such other fixed charges as the Secretary deems proper: Provided further.
Page 76 - Subject to confirmation and approval by the Federal Power Commission, such rate schedules may be modified from time to time by the Bureau and shall be fixed and established with a view to encouraging the widest possible diversified use of electric energy.
Page 38 - Any sale of electric power or lease of power privileges, made by the Secretary in connection with the operation of any project or division of a project, shall be for such periods, not to exceed forty years, and at such rates as in his judgment will produce power revenues at least sufficient to cover an appropriate share of the annual operation and maintenance cost, interest on an appropriate share of the construction investment at not less than 3 per centum per annum, and such other fixed charges...