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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3878 Introduced in House (IH)]

104th CONGRESS
  2d Session
                                H. R. 3878

 To privatize the Federal Power Marketing Administrations and certain 
 facilities of the Tennessee Valley Authority and, in the interim, to 
provide for a transition to market-based rates for such power, and for 
                            other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 23, 1996

  Mr. Franks of New Jersey (for himself, Mr. Meehan, Mr. Zimmer, Mr. 
   Martini, Mr. Frelinghuysen, Mr. Saxton, Mr. Foley, Mr. Klug, Mr. 
Kennedy of Massachusetts, and Mr. Barrett of Wisconsin) introduced the 
 following bill; which was referred to the Committee on Resources, and 
in addition to the Committees on Transportation and Infrastructure and 
Commerce, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
 To privatize the Federal Power Marketing Administrations and certain 
 facilities of the Tennessee Valley Authority and, in the interim, to 
provide for a transition to market-based rates for such power, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Power Marketing Administration 
Privatization and Reform Act of 1996''.

SEC. 2. PURPOSE.

    The purpose of this Act is to--
            (1) dispose of, through a competitive bidding procedure, 
        all Federally-owned generation and transmission facilities used 
        to generate and transmit power sold by the Federal Power 
        Marketing Administrations and thereafter terminate the Federal 
        Power Marketing Administrations,
            (2) to dispose of, through a competitive bidding procedure, 
        all the hydroelectric generation facilities of the Tennessee 
        Valley Authority, and
            (3) in the interim period before full privitazation of the 
        Federally-owned generation and transmission facilities used to 
        generate and transmit power sold by the Federal Power Marketing 
        Administrations, to provide for full cost recovery rates for 
        power sold by Federal Power Marketing Administrations and a 
        transition to market-based rates for such power.

              TITLE I--FULL COST RECOVERY AND MARKET RATES

SEC. 101. CONGRESSIONAL FINDINGS.

    (a) Existing Under-Allocations and Under-Recovery of Costs of Power 
Marketing.--The Congress finds that the use of fixed allocations of 
joint multipurpose project costs and the failure to provide for the 
recovery of actual interest costs and depreciation have resulted in 
substantial failures to recover costs properly recoverable through 
power rates by the Federal Power Marketing Administrations and have 
resulted in the imposition of unreasonable burdens on the taxpaying 
public.
    (b) Market Pricing Properly Allocates Costs.--The Congress further 
finds that, with the emergence of open access to power transmission and 
competitive bulk power markets, market prices will provide the lowest 
reasonable rates consistent with sound business principles, consistent 
with maximum recovery of costs properly allocated to power production 
and consistent with encouraging the most widespread use of power 
marketed by Federal Power Marketing Administrations.

SEC. 102. MODIFICATION OF EXISTING POWER MARKETING ADMINISTRATIONS.

    (a) Full Cost Recovery Rates.--The Secretary of Energy shall 
develop and implement interim and final rates for power sales by 
Federal Power Marketing Administrations designed to recover all power 
related operations and maintenance expenses and the project investment 
cost pertaining to power production, such project power production 
investment to include all powerhouse, water conduit, dams and 
appurtenant works and structures, all storage, diverting, or forebay 
reservoirs connected therewith, the interconnected transmission system 
and switchyards, all miscellaneous structures used and useful in 
connection with power production and all water rights, rights-of-way, 
ditches, dams, reservoirs, lands, or interests in land thereof which 
are necessary or appropriate to the project power production 
capability, the cost of which is to be determined according to 
generally accepted accounting principles, including the accrual of 
actual interest costs during construction and pending repayment. The 
Secretary of Energy may reallocate project investment previously 
allocated as joint costs to other functions in order to implement full 
power production cost recovery and full cost recovery rate schedules. 
Until market pricing for such power sales is fully implemented, such 
full cost recovery rates shall be implemented for all new contracts for 
power sales by the Federal Power Marketing Administrator and for 
existing contracts for power sales by Federal Power Marketing 
Administrations.
    (b) Transition to Market-Based Rates.--If the transition to full 
cost recovery rates would result in rates that exceed market rates, the 
Secretary of Energy is authorized to price power sold by Federal Power 
Marketing Administrations at market rates if--
            (1) operation and maintenance costs are recovered;
            (2) the contribution toward recovery of investment 
        pertaining to power production is maximized; and
            (3) purchasers of power under existing contracts consent to 
        the remarketing by the relevant Federal Power Marketing 
        Administration of such power not later than 3 years thereafter 
        through competitive bidding. Competitive bidding shall be 
        utilized to remarket power that is not accepted by existing 
        customers under this section.
      (c) Market-Based Pricing.--The Secretary of Energy shall develop 
and implement procedures to assure that all power sold by Federal Power 
Marketing Administrations is sold at prices set by demand and supply 
within the relevant bulk power supply market. The Secretary of Energy 
shall establish through notice and comment rulemaking bid and auction 
procedures to implement market-based pricing for power marketing, 
including power that is under contract but which is declined by the 
party entitled to purchase such power and remarketed and power sold 
pursuant to any power sales contract entered into by a Federal Power 
Marketing Administration after the enactment of this Act.
    (d) Accounting.--Federal Power Marketing Administrations shall 
utilize generally accepted accounting principles, including the accrual 
of actual interest costs during construction and pending repayment for 
any project and recognition of depreciation expenses as well as 
generally accepted accounting principles concerning cost recovery by 
electic utilities. The Secretary of Energy may reallocate project 
investment previously allocated as joint costs to other functions in 
order to implement full power production cost recovery and full cost 
recovery rate schedules, and in order to disclose the full costs 
associated with Federal power production and marketing.
    (e) Preference.--Public bodies and cooperatives shall be given a 
preference to future power allocations or reallocations of Federal 
power through a right of first refusal at market prices. Power obtained 
through preference rights shall be consumed by the preference customer 
or resold for consumption by the constituent end-users of the 
preference customer and may not be resold to other entities.
    (f) Reforms.--The Secretary of Energy shall require each Federal 
Power Marketing Administration to implement--
            (1) program management in order to assign personnel and 
        incur expenses for authorized power marketing, reclamation, and 
        flood control activities only, and not diversification into 
        ancillary activities including consulting or operating services 
        for other entities; and
            (2) annual reporting plainly disclosing to the American 
        public, the activities of the Power Marketing Administration 
        including, but not limited to, the full cost of such power 
        projects and power marketing programs.
    (g) Contract Renewal.--After the enactment of this Act, no Federal 
Power Marketing Administration may enter into or renew any power 
marketing contract for a term that exceeds 5 years.
    (h) Restrictions.--Excepting only the Bonneville Power 
Administration, each Federal Power Marketing Administration shall be 
subject to the restrictions on the construction of transmission and 
additional facilities established by section 5 of the Flood Control Act 
of 1944.
    (i) Sunset.--The provisions of this section shall cease to apply to 
a Federal Power Marketing Administration immediately following the sale 
under title II of all electric power generation and transmission 
facilities used to generate or transmit power sold by such 
Administration.

SEC. 103. FEDERAL ENERGY REGULATORY COMMISSION JURISDICTION OVER 
              TRANSMISSION SERVICE PROVIDED BY POWER MARKETING 
              ADMINISTRATIONS AND TVA.

    Transmission service provided by Federal Power Marketing 
Administrations or the Tennessee Valley Authority shall be provided on 
an open access basis and at just and reasonable rates approved or 
established by the Federal Energy Regulatory Commission under part II 
of the Federal Power Act in the same manner as such service is provided 
pursuant to Commission rules by any public utility subject to the 
jurisdiction of the Commission under such Part II. The preceding 
sentence shall not require any Federal Power Marketing Administration 
to expand transmission or interconnection capabilities or transmissions 
in the absence of other authority of law.

SEC. 104. IMPLEMENTATION BY THE FEDERAL ENERGY REGULATORY COMMISSION.

    Pending the implementation of market-based pricing, the Federal 
Energy Regulatory Commission shall have authority to review and 
approve, reject, or revise power rate schedules recommended for 
approval by the Secretary of Energy, and existing rate schedules, for 
power sales by the Federal Power Marketing Administrations. The Federal 
Energy Regulatory Commission shall base its approval of final rates 
upon the protection of the public interest and shall undertake to 
protect the interest of the taxpaying public as well as the interests 
of consumers. The Federal Energy Regulatory Commission may review the 
factual basis for determinations made by the Secretary of Energy and 
may revise or modify those findings as appropriate and may revise 
proposed or effective rate schedules or remand the rate schedules to 
the Secretary of Energy as the Federal Energy Regulatory Commission 
determines is necessary to protect the public interest until a full 
transition is made to market-based rates for power sold by Federal 
Power Marketing Administrations. The Federal Energy Regulatory 
Commission is authorized to proceed pursuant to informal notice and 
comment rulemaking pursuant to section 553(c) of title 5, United States 
Code. Any affected party, including a taxpayer, bidder, preference 
customer, or affected competitor may seek a rehearing and judicial 
review of a final decision of the Federal Energy Regulatory Commission 
pursuant to section 313 of the Federal Power Act (16 U.S.C. 8251).

SEC. 105. AMENDMENT OF DEPARTMENT OF ENERGY ORGANIZATION ACT.

    The last sentence of section 302(a)(3) of the Department of Energy 
Organization Act is repealed.

SEC. 106. REPEAL.

    Section 505 of Public Law 102-377 is hereby repealed.

SEC. 107. EFFECTIVE DATE.

    Except as otherwise specifically provided in this title, the 
provisions of this title and the amendments made by this title shall 
take effect on the date of enactment of this Act.

             TITLE II--PRIVATIZATION OF PMA AND TVA ASSETS

SEC. 201. SALE OF FEDERAL HYDROELECTRIC GENERATION AND TRANSMISSION 
              FACILITIES.

    (a) Sale of PMA and TVA Facilities.--
            (1) PMA facilities.--The Secretary of Energy is authorized 
        and directed to sell the hydroelectric power generation 
        facilities used to generate the electric power marketed by the 
        Federal Power Marketing Administrations, together with all 
        contracts, marketing agreements, and any and all other rights, 
        interests, and obligations held or owed by the Federal Power 
        Marketing Administrations and all electric power transmission 
        facilities owned by the United States and operated by a Federal 
        Power Marketing Administrations.
            (2) TVA facilities.--The Tennessee Valley Authority is 
        authorized and directed to sell the hydroelectric power 
        generation facilities owned and operated by the Authority.
    (b) Water Storage Rights.--Each sale under this Act shall be 
subject to all existing water storage rights in reservoirs used in 
connection with such power generation facilities which rights have been 
acquired by local interests pursuant to the Water Supply Act of 1958 
(Public Law 85-500; 43 U.S.C. 390b) and sections 1, 2, and 3 of Public 
Law 88-140 (43 U.S.C. 390c through 390e) for water supply or other 
purposes and all such rights shall survive such sale. All obligations 
of the United States under contracts with such local interests for the 
use of such storage shall be assumed by any purchaser so that such 
local interests may continue to operate and utilize their storage in 
accordance with their existing contracts with the United States without 
entering into an additional contract with the United States or the 
purchaser, notwithstanding any provision of law or contract to the 
contrary.
    (c) Competitive Bidding.--The Secretary and the Authority shall 
restrict the sale of any Federal Power Marketing Administration or 
Tennessee Valley Authority asset to only domestic entities or United 
States citizens who reside principally within the United States. In 
order to assure that the facilities are transferred in a manner that 
provides a reasonable payment to the United States, sales under this 
section shall be made through a competitive bidding process open to all 
bidders determined by the Secretary (or the Authority in the case of 
facilities sold by the Authority) to be financially qualified and who 
have the experience and resources necessary to manage the transferred 
assets. No facility or group of facilities may be sold for an amount 
less than the minimum bid established and published by the Secretary 
(or the Authority in the case of facilities sold by the Authority). The 
minimum bid for any facility sold by the Secretary shall be equal to 
the net present value of the outstanding debt repayable to the United 
States and attributable to the facility or group of facilities 
concerned.
    (d) Cooperation of Other Agencies.--The heads of other affected 
Federal departments and agencies shall assist the Secretary and the 
Authority in implementing the sales authorized by this section. Upon 
receiving a written request from the Secretary or the Authority, the 
head of any such department or agency having administrative 
jurisdiction over any facility to be sold under this section shall 
transfer (at such time as may be specified by the Secretary or the 
Authority in such request) such facility to the Secretary or the 
Authority for purposes of effectuating such sale.
    (e) Financial and Bid Management Advisor.--
            (1) Retention of advisor.--Within 6 months after the date 
        of enactment of this Act, the Secretary (or the Authority in 
        the case of facilities sold by the Authority) shall retain an 
        experienced private sector firm to serve as financial, bid 
        management, and technical advisor (hereinafter referred to in 
        this Act as the ``advisor'') to the Secretary (or the 
        Authority) with respect to such sales. The advisor shall not 
        have any substantial financial interest in the existing assets, 
        their operation or the ultimate purchasers.
            (2) Notice.--Within 6 months after the date of enactment of 
        this Act, the Secretary and the Authority shall each publish a 
        notice in the Federal Register soliciting all parties which 
        have an operational or ownership interest in facilities to be 
        sold under this Act to provide evidence of such interest within 
        90 days of the published notice.
            (3) Advisor's report.--Within 6 months of being retained by 
        the Secretary or the Authority and based on information 
        provided by the Secretary or the Authority and the information 
        obtained in paragraph (2), the advisor shall provide to the 
        Secretary (or the Authority in the case of facilities sold by 
        the Authority) a report containing each of the following:
                    (A) A plan for the competitive sale of all 
                facilities and other assets and interests referred to 
                in subsection (a).
                    (B) An estimate of the net present value of the 
                income expected to be derived over the next 50 years 
                from each facility or group of facilities to be sold 
                under this section.
                    (C) An estimate of the net present value of the 
                expenses expected to be incurred over the next 50 years 
                in connection with each facility or group of facilities 
                to be sold under this section.
                    (D) A comparison between the net of subparagraphs 
                (B) and (C) and the net present value of the 
                outstanding debt which the Federal government 
                attributes to the asset being sold.
                    (E) The options for the grouping of facilities to 
                be sold under this section. The transfer shall be 
                structured to transfer assets and interests by 
                watershed or by project unless the Advisor can provide 
                satisfactory information to the Secretary or the 
                Authority that another alternative should be used. 
                Groupings of assets shall specifically be designed to 
                transfer all assets in a manner that provides 
                reasonable payment to the United States for all assets.
                    (F) A plan that takes into consideration the use of 
                tax exempt and government financing for purposes of 
                maximizing the return to the American public.
    (f) Proceeds.--The Secretary may use up to $6,000,000 from 
unobligated balances available to the Department of Energy to fund any 
sale preparation costs provided for in this section, and shall provide 
an accounting of all sale preparation costs and studies to the 
Committee on Resources and the Committee on Transportation and 
Infrastructure of the House of Representatives, and to the Committee on 
Energy and Natural Resources and the Committee on Public Works and the 
Environment of the Senate within 60 days after completion of the sale. 
The proceeds of any sale by the Secretary of a facility or group of 
facilities under this section shall be used first to offset the costs 
of carrying out such sale and the remaining net proceeds shall be 
deemed to extinguish the outstanding debt repayable to the United 
States and attributable to such facility or group of facilities. Any 
portion of such net proceeds which exceeds the net present value of the 
outstanding debt repayable to the United States and attributable to the 
facility or group of facilities concerned shall be deposited in the 
Treasury of the United States as miscellaneous receipts.
    (g) Treatment of Sales for Purposes of Certain Laws.--The sales of 
assets under this Act shall not be considered a disposal of Federal 
surplus property under the following provisions of law:
            (1) Section 203 of the Federal Property and Administrative 
        Services Act of 1949 (40 U.S.C. 484).
            (2) Section 13 of the Surplus Property Act of 1944 (50 
        U.S.C. App. 1622).
    (h) Existing Contracts, Uses, Etc.--All sales of assets and rights 
under this section shall be subject to all contracts, debt obligations 
to non-Federal entities, operational objectives, and other binding 
agreements which apply, as of the date of such sale, to the facilities 
concerned and to the sale of electric power from such facilities. The 
purchaser of each such facility shall assume all liabilities and 
obligations of the United States (including the Tennessee Valley 
Authority) under such contracts, obligations or other agreements. 
Neither any Federal Power Marketing Administration nor the Authority 
shall, after the date of enactment of this Act, enter into a long-term 
agreement, contract, or other long-term obligation or responsibility, 
except to the extent that such an obligation will significantly enhance 
or maintain the value of a facility after it is transferred. The United 
States (including the Tennessee Valley Authority) shall remain 
responsible for concluding all lawsuits associated with the assets 
which are the subject of a transfer and which are extant as of the date 
of the enactment of this Act, whether in its capacity of plaintiff or 
defendant. Any right, title, or interest of the United States 
(including the Tennessee Valley Authority) which exists at the 
conclusion of such lawsuits and which would otherwise have been 
transferred, but for the lawsuit, shall be transferred to the party in 
interest who acquired the related asset from the United States 
(including the Tennessee Valley Authority). The United States shall 
remain responsible for any outstanding Indian trust responsibilities, 
unless the transfer in question specifically identifies the obligation 
being transferred.
    (i) Report to FERC.--Not later than June 30, 1997, the Secretary 
(or the Authority in the case of facilities sold by the Authority) 
shall provide each of the following to the Federal Energy Regulatory 
Commission:
            (1) A description of--
                    (A) all the assets tangible and intangible that 
                comprise each power generation or transmission facility 
                or group of power generation or transmission facilities 
                to be sold under this section;
                    (B) the existing terms of operation with respect to 
                such facilities; and
                    (C) any other interest being proposed for transfer.
            (2) The information pertaining to such facilities required 
        by title 18 of the Code of Federal Regulations, subparts B and 
        F, or G, as appropriate, except exhibit E.
            (3) The date when an offer for purchase of the assets must 
        be submitted.
    (j) Notice of Sale and Solicitation of Bids.--Not later than March 
31, 1998, the Secretary (or the Authority in the case of facilities 
sold by the Authority) shall publish a notice in the Federal Register 
which includes each of the following:
            (1) A description of--
                    (A) all the assets tangible and intangible that 
                comprise each power generation facility or group of 
                power generation facilities to be sold under this 
                section;
                    (B) the existing terms of operation with respect to 
                such facilities; and
                    (C) any other interest being proposed for transfer.
            (2) The date, time, and conditions of the bids that must be 
        met to submit a successful bid for the assets to be sold under 
        this Act.
            (3) The terms and conditions identified in the proposed 
        license provided from the Federal Energy Regulatory Commission 
        to the Secretary (or the Authority in the case of facilities to 
        be sold by the Authority) under this Act.
    (k) Date of Sale.--All sales under this section shall be completed 
between July 1, 1999, and September 30, 1999.
    (l) Termination of the Federal PMAs and TVA.--Following the sale of 
all facilities and other assets referred to in the first sentence of 
subsection (a), the Secretary shall complete the business of and close 
out the Federal Power Marketing Administrations and return the 
unexpended balances of funds appropriated for the Administrations to 
the Treasury of the United States. To the extent practical, the 
purchasers under this section should, consistent with good business 
practices, attempt to offer to employ those former employees of the 
United States who are necessary to the continued operation of such 
facilities following the sale of the facilities.

SEC. 202. FEDERAL ENERGY REGULATORY COMMISSION JURISDICTION.

    (a) Regulation of Rates and Charges.--All rates and charges 
established for the wholesale sale of electric power from facilities 
sold under section 201 shall be subject to part 2 of the Federal Power 
Act. This subsection shall take effect upon the expiration of any 
contract which is applicable to the sale of such electric power on the 
date of the sale of the facility concerned.
    (b) Original License.--Not later than January 1, 1998, the Federal 
Energy Regulatory Commission shall provide the Secretary (or the 
Authority in the case of facilities to be sold by the Authority) with a 
proposed license for each power generation facility to be sold under 
section 1. Not later than September 30, 1999, the Commission shall 
issue to the purchaser of each power generation facility sold under 
section 1 a license under part I of the Federal Power Act (16 U.S.C. 
791a-823b) authorizing the continued operation and maintenance of such 
facility for a term of 10 years. Such license shall--
            (1) be for the project purposes established by the existing 
        terms of operation and shall be consistent with the proposed 
        license provided to the Secretary or the Authority;
            (2) be conditioned upon the requirement that the licensed 
        facility continue to be operated and maintained in accordance 
        with the existing terms of operation, except that the licensee 
        may make improvements to the project which increase capacity 
        without amendment to the license so long as existing minimum 
        flows are not affected;
            (3) be subject only to the appropriate standard ``L-Form'' 
        license conditions, published at 54 FPC 1792-1928 (1975), 
        except that the license may not be reopened for any purpose for 
        the first 10 years of the license;
            (4) not be subject to: the word ``constructed'' in section 
        3(10), the 4 provisos of section 4(e); section 6 to the extent 
        it requires the licensee's acceptance of those terms and 
        conditions of the Act that this subsection waives; section 
        10(e) as it concerns annual charges for the use and occupancy 
        of Federal lands and facilities; section 10(f), section 10(j), 
        section 18, section 19, section 20, and section 22 of the 
        Federal Power Act (16 U.S.C. 796(10), 797(e), 799, 803(e), 
        803(f), 803(j), 811, 812, 813, and 815); and
            (5) contain minimum flow restrictions no more restrictive 
        than those currently in effect, if any, such minimum flow 
        restrictions may not be altered during the primary term of the 
        license.
    (c) Acts Applicable to Licensing.--The issuance of a license 
pursuant to subsection (b) shall not be subject to the provisions of 
the Federal Land Policy and Management Act of 1976, section 2402 of the 
Energy Policy Act of 1992, the National Environmental Policy Act of 
1969, the Endangered Species Act of 1973, the Wild and Scenic Rivers 
Act, the Federal Water Pollution Control Act, the National Historic 
Preservation Act, the Coastal Zone Management Act, the Fish and 
Wildlife Coordination Act, or any other Act otherwise applicable to the 
licensing of the projects. Subsequent operations shall be consistent 
with all applicable rules and regulations.
    (d) Effect of License.--A license issued under subsection (b)--
            (1) shall be deemed to meet the licensing standards of the 
        Federal Power Act, including section 10(a) and the last 
        sentence of section 4(e) (16 U.S.C. 797(e)); and
            (2) shall constitute the sole and exclusive source for 
        transferred power generation facilities of authorizations and 
        requirements with respect to facility operation.
    (e) Reservations.--Any power site reservation established by the 
President, the Department of the Interior, or pursuant to section 24 of 
the Federal Power Act (16 U.S.C. 818), or any other law, which exists 
on any lands, whether Federally or privately owned, that are included 
within the final project boundaries of a transferred hydroelectric 
project as approved by the Commission shall be vacated by operation of 
law upon issuance of a license for such project.
    (f) Relicensing.--All requirements of part I of the Federal Power 
Act and of any other Act applicable to the licensing of a hydroelectric 
project shall apply to a transferred power generation facility upon 
expiration of an original license issued under this section.
    (g) Definitions.--For purposes of this section:
            (1) The term ``Commission'' means the Federal Energy 
        Regulatory Commission.
            (2) The term ``existing terms of operation'' means any 
        applicable statutes, executive department regulations, orders, 
        rule curves and the like, memoranda of agreement, operating 
        manuals, and contractual arrangements pertaining to a 
        transferred power generation facility that were in effect as of 
        the date of enactment of this Act.
            (3) The term ``power generation facility'' means the 
        facilities, real property interests, and other assets sold or 
        to be sold to a transferee under this Act, including any such 
        real property interests, facilities, or assets that comprise a 
        project as defined in section 3(11) of the Federal Power Act 
        (16 U.S.C. 796(11)). If any portion of a structure or other 
        facility is used for flood control, water supply or other 
        purposes in addition to the generation of electric energy, such 
        term refers only to that portion of the structure or facility 
        used primarily for the generation of electric energy, including 
        turbines, generators, controls, substations, and primary lines 
        used for transmitting electric energy therefrom to the point of 
        juncture with the interconnected primary transmission system. 
        Such term shall not include any portion of a facility used for 
        navigation, flood control, irrigation, water supply, or 
        recreation.
            (4) The term ``Secretary'' means the Secretary of Energy.
            (5) The term ``Authority'' means the Tennessee Valley 
        Authority.
            (6) The term ``Federal Power Marketing Administration'' 
        means the Southeastern Power Administration, the Southwestern 
        Power Administration, the Western Area Power Administration, 
        and the Bonneville Power Administration.
                                 <all>
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