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 <subject>Agency debt</subject>
 <subject>Cost analysis</subject>
 <subject>Cost control</subject>
 <subject>Dams</subject>
 <subject>Energy costs</subject>
 <subject>Energy marketing</subject>
 <subject>Federal funds</subject>
 <subject>Financial management</subject>
 <subject>Hydroelectric energy</subject>
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 <subject>Power generation</subject>
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 <title>Bonneville Power Administration: Better Management of BPA&apos;s Obligation to Provide Power Is Needed to Control Future Costs</title>
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<abstract>The Bonneville Power Administration (BPA) has experienced
significant financial problems in recent years. BPA&apos;s cash	 
reserves at the end of fiscal year 2002 had fallen to $188	 
million, and BPA estimated in February 2003 that it had a 74	 
percent chance of missing its Treasury debt payment that year.	 
While BPA&apos;s finances have recently improved, and the agency made 
its Treasury payment in 2003, BPA&apos;s financial condition is still 
far from robust. In this context, GAO was asked to report on (1) 
the advantages and disadvantages BPA faces in marketing electric 
power in a more competitive environment, (2) the major causes of 
BPA&apos;s recent cost increases, and (3) the extent to which BPA is  
taking actions to control its costs.</abstract>
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 <topic>Agency debt</topic>
 <topic>Cost analysis</topic>
 <topic>Cost control</topic>
 <topic>Dams</topic>
 <topic>Energy costs</topic>
 <topic>Energy marketing</topic>
 <topic>Federal funds</topic>
 <topic>Financial management</topic>
 <topic>Hydroelectric energy</topic>
 <topic>Internal controls</topic>
 <topic>Power generation</topic>
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