ALPHABETICAL LIST OF WITNESSES Wagner, Aubrey J., Chairman, Board of Directors, Tennessee Valley Authority; accompanied by Frank Smith, member, Board of Directors, TVA; James E. Watson, manager of power, TVA; Robert Marquis, TVÁ General Counsel; and Jacob Vreeland, TVA Washington representative, ADDITIONAL MATERIAL SUPPLIED FOR THE RECORD Reclamation provisions in TVA coal purchase contract.. Comparability of TVA rates with those of utilities in surrounding area Protection of bondholder investment test (sec. 15d (f) TVA Act and sec. Limitation on issuance of additional bonds.. Letter dated August 19, 1970, sent by Senator Eagleton to Mr. Wagner_ Letter dated August 25, 1970, sent by Chairman Wagner to Senator CHARTS AND TABLES Coal suppliers covered by TVA reclamation requirements. Comparison of residential power costs, TVA and neighboring utilities- Comparison of industrial power costs, TVA and neighboring utilities-- Peak demand 20,000 kilowatts and 21,579 kilovolt-amperes Rate increases proposed by neighboring utilities during fiscal year 1970--- INCREASE IN STATUTORY LIMITATION OF TVA TO ISSUE BONDS FRIDAY, AUGUST 14, 1970 U.S. SENATE, SUBCOMMITTEE ON FLOOD CONTROL, RIVERS AND HARBORS, Washington, D.C. The subcommittee met at 10:18 a.m., pursuant to call, in room 4200, New Senate Office Building, Senator B. Everett Jordan (member of the subcommittee) presiding. Present: Senators Young (chairman of the subcommittee), Jordan, Cooper, and Baker. Also present: Richard B. Royce, chief clerk and staff director; B. Huyett, Jr., assistant chief clerk and assistant staff director; M. Barry Meyer, counsel; Bailey Guard, assistant chief clerk, (minor: Thomas C. Jorling, counsel (minority); Richard W. Wilson, Adrien Waller, and Harold H. Brayman, professional staff members; and William R. Haley, legislative counsel to Senator Cooper. Senator JORDAN. The subcommittee will please come to order. The purpose of this hearing is to consider H. R. 18104, an act assed by the House of Representatives to amend section 15d of the Tennessee Valley Authority Act of 1933 to increase the amount of bends which may be issued by the Tennessee Valley Authority, and 3967, a bill introduced in the Senate for the same purpose. (The act and bill follow:) 91ST CONGRESS 2D SESSION H. R. 18104 IN THE SENATE OF THE UNITED STATES JULY 31, 1970 Read twice and referred to the Committee on Public Works AN ACT To amend section 15d of the Tennessee Valley Authority Act of 1933 to increase the amount of bonds which may be issued by the Tennessee Valley Authority. 1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 3 That the first sentence of subsection (a) of section 15d of 4 the Tennessee Valley Authority Act of 1933, as amended 5 (16 U.S.C.. 831n-4, Supplement IV), is amended by 6 striking out "$1,750,000,000" and inserting in lieu thereof 7 "$5,000,000,000". Passed the House of Representatives July 30, 1970. Attest: W. PAT JENNINGS, Clerk. 91ST CONGRESS S. 3967 IN THE SENATE OF THE UNITED STATES JUNE 15, 1970 Mr. BAKER (for himself, Mr. ALLEN, Mr. Cook, Mr. EASTLAND, Mr. GORE, Mr. A BILL To amend section 15d of the Tennessee Valley Authority Act 1 Be it enacted by the Senate and House of Representa- II Senator JORDAN. This bill, H.R. 18104, was passed by the House of Representatives on July 30, 1970, and would increase the amount of bonds which could be sold by the Tennessee Valley Authority from the present limitation of $1.75 billion to $5 billion. Our witness this morning is the Honorable Aubrey J. Wagner, Chairman of the Tennessee Valley Authority, and we have also some other distinguished guests, including Mr. Frank Smith, a TVA member. We are glad to have you with us, Mr. Smith. You are one of our favorites around here, and have been for a long time. Thank you for being with us. Mr. SMITH. Thank you, Senator Jordan. |