Bonneville Power Administration Financing: Hearing Before the Subcommittee on Water and Power Resources of the Committee on Interior and Insular Affairs, United States Senate, Ninety-third Congress, Second Session, on S. 3362 ... June 6, 1974
United States. Congress. Senate. Committee on Interior and Insular Affairs. Subcommittee on Water and Power Resources
U.S. Government Printing Office, 1974 - 366 pages
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additional agencies amendments amount annual appropriations approval arrangements Association assure authority basis believe bill billion bonds Bonneville Power Administration BPA's budget build capacity capital Chairman charges Committee Company Congress construction continue cooperatives costs customers delays Department determine direct discussions effect electric electric power energy existing Federal Columbia River Federal Government Federal power financing funds future Government grid Hodel hydroelectric Idaho industrial interest Interior investment issued June legislation load Management meet Montana necessary needs non-Federal obligations Office operation Oregon Pacific Northwest participants Phase plants Power System present problems projects proposed purchase question region responsibility result revenue bonds schedule Secretary securities Senator Hatfield Senator McClure serve statement supply Thank tion transmission facilities transmission lines transmission system Treasury understand United utilities Washington wheeling
Page 20 - 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 18 - 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 20 - Treasury is authorized to purchase any obligations of the corporation to be issued under this section, 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 issued under the Second Liberty Bond Act, as now...
Page 20 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 314 - 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 93 - River system developed by the Army Corps of Engineers and the Bureau of Reclamation in 1948.
Page 21 - Account as is not, in his judgment, required to meet current withdrawals. Such investment may be made only in interestbearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Page 24 - We made our review pursuant to the Budget and Accounting Act, 1921 (31 USC 53), and the Accounting and Auditing Act of 1950 (31 USC 67).
Page 86 - To enable the Secretary of the Interior to provide for the operation, maintenance, and continued construction of the Federal transmission system in the Pacific Northwest by use of the revenues of the. Federal Columbia River Power System and the proceeds of revenue bonds, and for other purposes.