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108623 1 (1979-02-15)

handle is hein.gao/gaobadycl0001 and id is 1 raw text is: 
                                                     o9.62v3'



            UNITED STATES GENERAL ACCOUNTING OFFICE

                       WASHINGTON, D.C.



                                  FOR RELEASE ON DELIVERY
                                  EXPECTED AT 10:00 A.M. EST
                                  FEBRUARY 15, 1979





                          STATEMENT OF
                        J. DEXTER PEACH
            DIRECTOR, ENERGY AND MINERALS DIVISION
                         BEFORE THE
                     COMMITTEE ON BUDGET
                         U.S. SENATE

                                                        108623
Senator Sasser:

     We appreciate your invitation to discuss our recent report

entitled 'E1ectric Energy Options Held Greatrom-ise For the

Tennessee Valley Authoritj My statement will focus on two areas

in which you expressed special interest.

     --The conclusion in our report that TVA could meet power

       needs through the year 2000 without constructing any

       more central station power plants beyond those under

       construction or licensed by emphasizing instead: energy

       conservation, improved power management, and the use of

       renewable resources.

     --The implication of our report on TVA's request to

       increase its borrowing authority above the existing

       $15 billion.

                             00Q3732

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