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AIMD-98-33R 1 (1997-11-10)

handle is hein.gao/gaobaclvg0001 and id is 1 raw text is: United States An( General Accounting Office Washington, D.C. 20548 Accounting and Information Management Division B-278550 November 10, 1997 9 The Honorable John R. Kasich Chairman Committee on the Budget House of Representatives The Honorable John T. Doolittle Chairman, Subcommittee on Water and Power Resources Committee on Resources House of Representatives Subject: Financial Management: Briefing on Federal Electricity Activities At the joint request of your offices, on October 20, 1997, we briefed representatives of several Members of Congress on the results of our recently completed review of federal electricity activities. This work was done at your request and resulted in our September 19, 1997, report entitled, Federal Electricity Activities: The Federal Government's Net Cost and Potential for Future Losses (GAO/AIMD-97-110 and 97-110A). The enclosed briefing slides highlight the findings in that report. The review responded to your concerns about (1) any ongoing expenses incurred by the federal government to support the electricity-related activities of the power marketing administrations (PMAs),' Rural Utilities Service (RUS), and Tennessee Valley Authority (TVA) and (2) potential future losses from these activities given the move toward deregulation and increased competition in the electricity industry. The federal government incurred net costs of over a billion dollars annually for fiscal years 1992 through 1996 to support the electricity-related activities of RUS and the PMAs. We estimated that the net costs to the federal government for fiscal year 1996 totaled about $2.5 billion-$0.4 billion for BPA, $0.2 billion for 'We reviewed four of the five PMAs: the Bonneville Power Administration (BPA) and the Southeastern, Southwestern, and Western Area Power Administrations (which we refer to as the three PMAs). The fifth PMA, the Alaska Power Administration, was excluded from our review because legislation has been enacted to sell it to nonfederal entities. GAO/AIMD-98-33R Federal Electricity Activities

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