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118259 1 (1982-04-17)

handle is hein.gao/gaobacsvi0001 and id is 1 raw text is:                                                          I




            UNITED STATES GENERAL ACCOUNTING OFFICE

                        WASHINGTON, D.C.

                                         FOR RELEASE ON DELIVERY
                                         EXPECTED AT 1:30 P.M. C.S.T.
                                         APRIL 17, 1982
     118259
                           TESTIMONY
                               BY
                         J. DEXTER PEACH
             DIRECTOR, ENERGY AND MINERALS DIVISION
                           BEFORE THE
          SUBCOMMITTEE ON ENERGY AND WATER DEVELOPMENT
                  COMMITTEE ON APPROPRIATIONS
                          U.S. SENATE

Senator Sasser:

     I appreciate this opportunity to discuss with you our work

related to oversight of the Tennessee Valley Authority's (TVA's)

power program.  In response to your recent request we reviewed

     --the extent the TVA Act gives the Congress oversight re-
       sponsibility for the power program and

     --options which are available to improve oversight.

A complete discussion of our analysis is contained in a March 19,

1982, report entitled Tennessee Valley Authority--Options for

Oversight.  My statement today summarizes the options we identified

in that report.

     In general, we found the TVA Board of Directors is in a unique

position of autonomy when compared to other utilities or Federal

entities.  This seems to have been the congressional intent in

1933 when the TVA Act was passed and in 1959 when the last major

changes to the legislation were made.  The Congress established and

has maintained the TVA Board as the single and final authority on

many TVA power activities and decisions including those related

to power planning, ratemaking, and public involvement.


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