GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
The Bonneville Power Administration (BPA) has experienced significant financial problems in recent years. BPA'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.
Studies indicate that hydroelectric power potential, particularly at existing dam sites, can save the country hundreds of thousands of barrels of oil equivalent per day. Some of the best potential sites in the United States are located at Federal water resource projects.