16 U.S.C. § 825s : US Code - Section 825S: Sale of electric power from reservoir projects; rate schedules; preference in sale; construction of transmission lines; disposition of moneys

Search 16 U.S.C. § 825s : US Code - Section 825S: Sale of electric power from reservoir projects; rate schedules; preference in sale; construction of transmission lines; disposition of moneys

Electric power and energy generated at reservoir projects under
the control of the Department of the Army and in the opinion of the
Secretary of the Army not required in the operation of such
projects shall be delivered to the Secretary of Energy who shall
transmit and dispose of such power and energy in such manner as to
encourage the most widespread use thereof at the lowest possible
rates to consumers consistent with sound business principles, the
rate schedules to become effective upon confirmation and approval
by the Secretary of Energy. Rate schedules shall be drawn having
regard to the recovery (upon the basis of the application of such
rate schedules to the capacity of the electric facilities of the
projects) of the cost of producing and transmitting such electric
energy, including the amortization of the capital investment
allocated to power over a reasonable period of years. Preference in
the sale of such power and energy shall be given to public bodies
and cooperatives. The Secretary of Energy is authorized, from funds
to be appropriated by the Congress, to construct or acquire, by
purchase or other agreement, only such transmission lines and
related facilities as may be necessary in order to make the power
and energy generated at said projects available in wholesale
quantities for sale on fair and reasonable terms and conditions to
facilities owned by the Federal Government, public bodies,
cooperatives, and privately owned companies. All moneys received
from such sales shall be deposited in the Treasury of the United
States as miscellaneous receipts.