I
103D CONGRESS
2D SESSION
H. R. 3780
To direct the President to develop a plan for transferring all real property,
facilities, and equipment of the Federal Power Marketing Administrations
to public and private entities, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 2, 1994
Mr. INGLIS of South Carolina introduced the following bill; which was referred
to the Committee on Natural Resources
A BILL
To direct the President to develop a plan for transferring
all real property, facilities, and equipment of the Federal
Power Marketing Administrations to public and private
entities, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Federal Power Market-
ing Administrations Privatization Act of 1994’’.
SEC. 2. PRIVATIZATION OF FEDERAL POWER MARKETING
ADMINISTRATIONS.
(a) SENSE OF CONGRESS.—It is the sense of Con-
gress that—
(1) the power generation and transmission fa-
cilities of the Federal Power Marketing Administra-
tions should be privatized; and
(2) the transfer of all property of the Federal
Power Marketing Administrations remaining after
such privatization should be made to other Federal,
State, and local agencies in an orderly and expedi-
tious manner.
(b) PURPOSES.—The purposes of this section are—
(1) to achieve the intention of Congress set
forth in subsection (a) by requiring the President to
develop a plan—
(A) for the sale of the power generating
and transmission facilities and equipment of the
Federal Power Marketing Administrations to
the private sector in groupings that will intro-
duce competition into the generation and sale of
electric power;
(B) for the transfer to other governmental
entities of all property of the Federal Power
Marketing Administrations remaining after the
sales and transfers described in subparagraph
(A); and
(C) for the orderly termination of the Fed-
eral Power Marketing Administrations after the
completion of such sales and transfers; and
(2) to provide a method for reducing the na-
tional debt through the use of the income derived
from such sales and transfers.
(c) PRIVATIZATION PLAN.—
(1) IN GENERAL.—Not later than September
30, 1994, the President shall develop and transmit
to Congress a plan for transferring, by sale or other-
wise, all real property, facilities, and equipment of
the Federal Power Marketing Administrations to ap-
propriate public and private entities.
(2) CONTENTS.—The plan to be developed
under paragraph (1) shall include, at a minimum,
recommendations (including legislative recommenda-
tions) of the President concerning each of the follow-
ing:
(A) TRANSFER OF POWER FACILITIES AND
EQUIPMENT.—Transfer by sale of the power
generation and transmission facilities and
equipment of the Federal Power Marketing Ad-
ministrations, including real property used in
connection with such facilities and equipment,
for the purpose of maximizing proceeds from
such sales. Such transfers may provide for the
sale of generating equipment and facilities to
persons other than the persons to whom trans-
mission facilities are sold. Such transfers shall
be subject to the following conditions: Former
customers of power from the Federal Power
Marketing Administrations shall continue to be
served and reliability of service shall be ensured
by establishing control areas in cooperation
with surrounding control areas. Such transfers
may provide, to the extent practicable, for the
grouping of facilities utilizing different sources
of power (including coal-fired, nuclear, and hy-
droelectric generating facilities) and provide for
access to the transmission grids of the Federal
Power Marketing Administrations by such
groupings to ensure availability of power from
different sources and to enhance competition.
All outstanding loans associated with such fa-
cilities and equipment shall be assumed by the
purchasers.
(B) TRANSFER
OF
JURISDICTIONAL
AU-
THORITY OVER REAL PROPERTY.—Transfer to
appropriate governmental departments and
agencies, including the National Park Service,
of jurisdictional authority over real property
which is controlled by the Federal Power Mar-
keting Administrations and which is not trans-
ferred under subparagraph (A).
(C) TRANSFER OF CERTAIN FUNCTIONS.—
Transfer to appropriate Federal departments
and agencies of functions of the Federal Power
Marketing Administrations which are not relat-
ed to power generation and sale.
(D) TERMINATION
OF
FEDERAL
POWER
MARKETING
ADMINISTRATIONS.—Termination
of the Federal Power Marketing Administra-
tions after the transfers under subparagraphs
(A), (B), and (C) have been made.
(3) ADDITIONAL
REQUIREMENTS.—The plan
developed under paragraph (1) shall include—
(A) a step-by-step procedure to carry out
the sales and transfers described in paragraph
(2);
(B) a timetable for implementation of each
step of the plan;
(C) an estimate of the amount of antici-
pated net proceeds from the sale of assets of
the Federal Power Marketing Administrations;
and
(D) an estimate of the cost of implement-
ing the plan.
Æ