Federal Electric Power: Views on the Sale of Alaska Power Administration Hydropower Assets
RCED-90-93
Published: Feb 22, 1990. Publicly Released: Mar 26, 1990.
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Highlights
Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) proposed sale of the Alaska Power Administration's (APA) assets, focusing on whether the APA divestiture method would: (1) allow the government to fully recover APA costs; and (2) reveal the full value of APA assets to potential purchasers.
Recommendations
Matter for Congressional Consideration
| Matter | Status | Comments |
|---|---|---|
| If Congress wishes to pursue the divestiture of APA assets and believes the sale of APA assets should be accomplished through a balancing of ratepayers' and taxpayers' interests, it should reject the administration's proposal and direct DOE to identify sales proposals that better balance ratepayers' and taxpayers' interests. |
Closed – Not Implemented
|
DOE and APA actions are complete. A divestiture bill (H.R. 5516) was introduced to Congress in June 1992, but no action was taken on it. Further actions to cause divestiture of APA resources are not expected. |
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Cost analysisFair market valueFederal property managementHydroelectric energyHydroelectric powerplantsProperty disposalPurchase ordersReal estate salesUtility ratesWater power