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094573 1 (1974-09-25)

handle is hein.gao/gaobadxns0001 and id is 1 raw text is: 







                 STATEMENT OF VICTOR L. LOWE
            DIRECTOR, GENERAL GOVERNMENT DIVISION
               U.S. GENERAL ACCOUNTING OFFICE
                         BEFORE THE
           SPECIAL SUBCOMt4ITTEF ON INVESTIGATIONS
        COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE
                  HOUSE OF REPRESENTATIVES
                     SEPTEMBER 25, 1974


     Mr. Chairman and members of the stbcon=nittee, my name is

Victor L. Lowe, Director of the General Government Division of

GAO.- My division is responsible for carrying out GAO's audit

activities at independent regulatory agencies, including the

Federal Power Commission, and conducted the study undertaken at

the request of Congressman John E. Moss that resulted in our

September 13, 1974, report entitled Need for Improving tha

Regulation of the Natural Gas Industry and Management of

Internal Operations, Federal Power Commission,

     Accompanying me today are Mr. Robert A. Peterson, Assistant

Director, General Government Division; Mr. Ralph Lotkin, Office

of General Counsel; and Mr. T, Vincent Griffith, Office of Con-

gressional Relations.

     Our report discusses a wide range of topics and our purpose

in appearing here today is to summarize the principal findings and

conclusions; discuss recent actions taken by FPC in response to

the report; and respond to any questions the Subconittee may

have.

     Initially I would like to focus on the one area where there

is a fundamental difference of opinion between GAO and FPC. Namely

                                         09 V 7

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