S. 2499 (105th): Power Marketing Administration Reform Act of 1998

Introduced:
Sep 18, 1998 (105th Congress, 1997–1998)
Sponsor:
Sen. John Glenn Jr. [D-OH]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on September 18, 1998, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 18, 1998
Referred to Committee Sep 18, 1998
Cosponsors
none
Committees

Senate Energy and Natural Resources

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to provide for a transition to market-based rates for power sold by the Federal Power Marketing Administrations and the Tennessee Valley Authority, and for other purposes.

Summary

No summaries available.

Text

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Last updated Sep 18, 1998.
19 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/18/1998--Introduced.
Power Marketing Administration Reform Act of 1998 - Requires the Secretary of Energy to develop and implement procedures to ensure that the Federal Power Marketing Administrations (FPMAs) and the Tennessee Valley Authority (TVA) utilize the same accounting principles and requirements as the Federal Energy Regulatory Commission (FERC) applies to the electric operations of public utilities.
Section 3 -
Requires each FPMA and the TVA to submit periodically for FERC review rates proposed for the sale or disposition of Federal energy that will ensure recovery of all costs in generating and marketing such energy.
Prescribes rate mechanism and pricing guidelines.
Establishes within the Treasury the Fund for Environmental Mitigation and Restoration to:
(1) mitigate damage to fish, wildlife, and other environmental resources attributable to power generation and sales facilities; and
(2) restore the health of such fish, wildlife, and resources.
Mandates project-specific mitigation plans for each power generation project.
Establishes within the Treasury a Fund for Renewable Resources, to be administered by the Secretary of Energy. Prescribes expenditure guidelines.
Mandates that public bodies and cooperatives be given a preference for future power allocations or reallocations of Federal power through a right of first refusal at market prices.
Instructs the Secretary of Energy to require each FPMA to:
(1) assign personnel and incur expenses solely for authorized power marketing, reclamation, and flood control activities, and not for ancillary activities; and
(2) make annual public disclosures of its activities, including the full costs of power projects and marketing.
Precludes an FPMA from entering into or renewing any power marketing contract for a term exceeding five years.
Section 4 -
Requires provision of FPMA transmission services on an open access basis, and at FERC-approved rates in the same manner as provided by any public utility under FERC jurisdiction.
Section 5 -
Grants FERC rate-making approval authority until a full transition is made to market-based rates, for: (1) rate schedules recommended by the Secretary of Energy; and (2) rate schedules for FPMA power sales.
Section 6 -
Amends: (1) the Department of Energy Organization Act to reflect the changes made by this Act; and (2) specified Federal law to repeal the prohibition against the use of appropriated funds for purposes relating to the possibility of changing from an "at cost" to a "market rate" or any other noncost-based method for pricing Federal hydroelectric power.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

Statutes at Large

The United States Statutes at Large is the compilation of all laws enacted by Congress.

  • 58 Stat. 890
  • 106 Stat. 1343