Proposed Legislation to Establish a Regional Energy Corporation for the Pacific Northwest
EMD-77-61: Published: Aug 16, 1977. Publicly Released: Aug 16, 1977.
- Full Report:
H.R. 5862 is a bill to establish a regional energy corporation with power to generate and purchase, integrate and pool, and market all the electric energy in the Pacific Northwest region with emphasis on conservation of energy and a preferential rate for residential customers. The legislation would make significant changes in the present structure of the electric utility industry in the Pacific Northwest.
Section 3 of the legislation would create a corporate body, the Columbia Basin Energy Corporation, to carry out the purposes of the legislation. The bill would not require the Corporation to periodically report to the Congress and the people of the Pacific Northwest region on the status of its programs. The Corporation would market power at wholesale to both investor-owned and publicly-owned electric utilities. It would sell power at a preferentially lower rate for power resold for residential housing, which includes schools and hospitals.