Financial Management:
Briefing on Federal Electricity Activities
AIMD-98-33R: Published: Nov 10, 1997. Publicly Released: Nov 10, 1997.
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Pursuant to a congressional request, GAO reviewed: (1) any ongoing expenses incurred by the federal government to support the electricity-related activities of the power marketing administrations (PMAs), Rural Utilities Service (RUS), and Tennessee Valley Authority (TVA); and (2) potential future losses from these activities given the move toward deregulation and increased competition in the electricity industry.
GAO noted that: (1) the federal government incurred net costs of over a billion dollars annually for fiscal years 1992 through 1996 to support the electricity-related activities of RUS and the PMAs; (2) GAO estimated that the net costs to the federal government for fiscal year 1996 totaled about $2.5 billion--$0.4 billion for the Bonneville Power Administration (BPA), $0.2 billion for the Southeastern, Southwestern, and Western PMAs, and about $1.9 billion for RUS, including about $982 million in RUS loan write-offs; (3) cumulatively, for fiscal years 1992 through 1996, GAO estimated that the net costs were about $8.6 billion in constant 1996 dollars; (4) the net costs associated with TVA were minimal; (5) the federal government will likely continue to incur many of the same types of costs, however future RUS loan write offs cannot be accurately predicted; (6) there is risk to the federal government of future losses from each of these business entities because of financial difficulties faced by RUS borrowers, BPA, TVA, and one or a few projects at each of the other three PMAs; (7) as of September 30, 1996, the federal government was exposed to the risks of future losses because of its more than $84 billion in direct and indirect financial involvement in the electricity-related activities of RUS, the PMAs, and TVA; and (8) the risk of future losses relates to the possibility that RUS borrowers, the PMAs, or TVA would be unable to repay the full $53 billion in debt owed to the federal government or that the federal government would incur unreimbursed costs as a result of actions it took to prevent default or breach of contact on the $31 billion in nonfederal debt owed by these entities.
Dec 10, 2020
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Uranium Management:
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Dec 8, 2020
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Offshore Wind Energy:
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Nov 19, 2020
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Nuclear Waste Disposal:
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Oct 29, 2020
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Nuclear Safety:
DOE and the Safety Board Should Collaborate to Develop a Written Agreement to Enhance OversightGAO-21-141: Published: Oct 29, 2020. Publicly Released: Oct 29, 2020.
Oct 15, 2020
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Nuclear Weapons:
NNSA Plans to Modernize Critical Depleted Uranium Capabilities and Improve Program ManagementGAO-21-16: Published: Oct 15, 2020. Publicly Released: Oct 15, 2020.
Jul 24, 2020
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Nuclear Weapons:
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Jun 24, 2020
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National Nuclear Security Administration:
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Jun 9, 2020
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Nuclear Weapons:
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May 13, 2020
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Environmental Liabilities:
DOE Needs to Better Plan for Post-Cleanup Challenges Facing SitesGAO-20-373: Published: May 13, 2020. Publicly Released: May 13, 2020.
May 12, 2020
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Hanford Waste Treatment Plant:
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