16 USC 838m - Power marketing administration transmission borrowing authority

U.S Code last checked for updates: Apr 29, 2024

§ 838m.

Power marketing administration transmission borrowing authority

(a)

Borrowing authority

(1)

In general

(2)

Limitation

(b)

Financial plan

(1)

In general

(2)

Requirement

As part of the process of issuing an updated financial plan under paragraph (1), the Administrator shall—

(A)

consistent with asset management planning and sound business principles, consider projected and planned use and allocation of the borrowing authority of the Administrator across the mission responsibilities of the Bonneville Power Administration; and

(B)

before issuing the final updated financial plan—

(i)

engage, in a manner determined by the Administrator, with customers with respect to a draft of the updated plan; and

(ii)

consider as a relevant factor any recommendations from customers regarding prioritization of asset investments.

(c)

Stakeholder engagement

The Administrator shall—

(1)

engage, in a manner determined by the Administrator, with customers and stakeholders with respect to the financial and cost management efforts of the Administrator through periodic program reviews; and

(2)

to the maximum extent practicable, implement those policies that would be expected to be consistent with the lowest possible power and transmission rates consistent with sound business principles.

(d)

Repayment

(Pub. L. 117–58, div. D, title I, § 40110, Nov. 15, 2021, 135 Stat. 945.)

cite as: 16 USC 838m