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CED-81-14 1 (1980-11-28)

handle is hein.gao/gaobabbhe0001 and id is 1 raw text is: IL 7 - A-%


BY THE COMPTROLLER GENERAL


Report To The Congress


OF THE UNITED STATES





IFinancing Rural Electric

Generating Facilities:

A Large And Growing Activity



:The Rural Electrification Administration is pro-
Sviding billions of dollars of loans and loan
:guarantees to finance the construction of elec-
,tric generating plants and related facilities in
I rural areas. In fiscal year 1979 such financing
totaled about $5.5 billion and, based on pro-
jections, could more than double in 1990.
                                                              113925
 This report provides information on how such
 financing is provided and budgeted for and on
 REA's policies and procedures governing loans
 and guarantees made to power supply systems,
 including

      --the need to include REA loans and
      guarantees in Federal budget totals
      and to attain greater private credit
      involvement in financing borrowers'
      needs;

      --opportunities for improving the plan-
      ning of power supply systems; and

      --lessons to be learned from the Coal
      Creek Power Project, a project with
      large cost overruns and other pro-
      blems.



    /,04

                                                                     CED-81- 14

    *16COU~                                                   NOVEMBER 28.,1980

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