Accession Number : ADA330879
Title : Federal Electricity Activities: Appendixes to The Federal Government's Net Cost and Potential for Future Losses. Volume 1.
Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND INFORMATION MANAGEMENT DIV
PDF Url : ADA330879
Report Date : SEP 1997
Pagination or Media Count : 49
Abstract : In this report, we discuss four of the five PMAs: Bonneville Power Administration (BPA), Southeastern Power Administration (Southeastern), Southwestern Power Administration (Southwestern), and Western Area Power Administration (Western). Because BPA had more than twice the revenue of the other three PMAs combined in fiscal year 1995 and faces different operating risks, we frequently discuss BPA separately. The fifth PMA, the Alaska Power Administration, is excluded from our analysis because legislation has been enacted to sell it to nonfederal entities. We define net recurring cost ("net cost") as the difference between the total expenses the federal government incurs and the total revenue it receives from its electricity%elated activities in a given year. RUS provides loans and loan guarantees primarily to rural electric cooperatives that generate, transmit, and/or distribute wholesale and retail power, the PMAs market wholesale power, and TVA generates and transmits wholesale power. Accrual basis accounting recognizes the impact of revenue and expense transactions on the financial statements in the time periods when they occur, rather than when they result in cash receipts or disbursements.
Descriptors : *FINANCIAL MANAGEMENT, *ELECTRIC POWER PLANTS, UNITED STATES GOVERNMENT, COST ANALYSIS, ELECTRIC POWER PRODUCTION, LEGISLATION, FEDERAL LAW, ACCOUNTABILITY, REVENUE SHARING, BOTTOM LOSS.
Subject Categories : Economics and Cost Analysis
Government and Political Science
Electric Power Production and Distribution
Distribution Statement : APPROVED FOR PUBLIC RELEASE