[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 313 Introduced in House (IH)]
104th CONGRESS
1st Session
H. R. 313
To direct the President to develop a plan for transferring all real
property, facilities, and equipment of the Tennessee Valley Authority
to public and private entities, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 4, 1995
Mr. Klug introduced the following bill; which was referred to the
Committee on Transportation and Infrastructure
_______________________________________________________________________
A BILL
To direct the President to develop a plan for transferring all real
property, facilities, and equipment of the Tennessee Valley Authority
to public and private entities, 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 ``Tennessee Valley Authority Power
Privatization Act of 1994''.
SEC. 2. SENSE OF CONGRESS.
It is the sense of Congress that--
(1) the power generation and transmission facilities of the
Tennessee Valley Authority should be privatized; and
(2) the transfer of all property of the Tennessee Valley
Authority remaining after such privatization should be made to
other Federal, State, and local agencies in an orderly and
expeditious manner.
SEC. 3. PURPOSES.
The purposes of this Act are--
(1) to achieve the intention of Congress set forth in
section 2 by requiring the President to develop a plan--
(A) for the sale of the power generating and
transmission facilities and equipment of the Tennessee
Valley Authority to the private sector in groupings
that will introduce competition into the generation and
sale of electric power;
(B) for the transfer of the National Fertilizer and
Environmental Research Center to a public or private
entity which will carry out the functions of such
Center;
(C) for the transfer to other governmental entities
of all property of the Tennessee Valley Authority
remaining after the sales and transfers described in
subparagraphs (A) and (B); and
(D) for the orderly termination of the Tennessee
Valley Authority after the completion of such sales and
transfers; and
(2) to provide a method for reducing the national debt
through the use of the income derived from such sales and
transfers.
SEC. 4. TVA PRIVATIZATION PLAN.
(a) In General.--Not later than September 30, 1994, the President
shall develop and transmit to Congress a plan for transferring, by sale
or otherwise, of all real property, facilities, and equipment of the
Tennessee Valley Authority to appropriate public and private entities.
(b) Contents.--The plan to be developed under subsection (a) shall
include, at a minimum, recommendations (including legislative
recommendations) of the President concerning each of the following:
(1) Transfer of power facilities and equipment.--Transfer
by sale of the power generation and transmission facilities and
equipment of the Tennessee Valley Authority, 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
transmission facilities are sold. Such transfers shall be
subject to the following conditions: Former customers of power
from the Tennessee Valley Authority will continue to be served
and reliability of service will 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 hydroelectric generating
facilities) and provide for access to the transmission grids of
the Tennessee Valley Authority by such groupings to ensure
availability of power from different sources and to enhance
competition. All outstanding loans associated with such
facilities and equipment shall be assumed by the purchasers.
(2) Transfer of national fertilizer and environmental
research center facilities and equipment.--Transfer by sale of
real property, facilities, and equipment used by the National
Fertilizer and Environmental Research Center of the Tennessee
Valley Authority to a public or private entity which agrees to
continue to carry out the functions of the Center for at least
5 years after assuming ownership. If such sale cannot be
arranged, such transfer may be by donation to an appropriate
entity subject to agreement that the functions of the Center
will be continued for at least 10 years.
(3) Transfer of jurisdictional authority 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 Tennessee Valley Authority and which is not transferred
under paragraphs (1) and (2).
(4) Transfer of certain functions.--Transfer to appropriate
Federal departments and agencies of functions of the Tennessee
Valley Authority which are not related to power generation.
(5) Termination of tva.--Termination of the Tennessee
Valley Authority after the transfers under paragraphs (1), (2),
(3), and (4) have been made.
(c) Additional Requirements.--The plan developed under subsection
(a) shall include--
(1) a step-by-step procedure to carry out the sales and
transfers described in subsection (b);
(2) a timetable for implementation of each step of the
plan;
(3) an estimate of the amount of anticipated net proceeds
from the sale of assets of the Tennessee Valley Authority; and
(4) an estimate of the cost of implementing the plan.
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