Redefining TVA The DOE Study - What Now?

Fortnightly Magazine - July 1 1998
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LAST NOVEMBER, Energy Secretary Federico Peña asked the DOE

to study what to recommend about the Tennessee Valley Association in drafting proposed legislation on electric restructuring for the Clinton Administration. He referred the project to a committee of the Secretary of Energy Advisory Board, led by former South Carolina Congressman Butler Derrick.

Recharge the Economy with Renewable Energy Tax Credits

The committee issued its report on March 31. The DOE had already released its legislative guidelines on March 25, six days earlier.

DOE said that any federal bill should apply the FERC's open-access transmission rules to the TVA (and munis, co-ops and the federal PMAs), and perhaps include special stranded cost rules to recognize the unique nature of federal investments and loans. The report itself was more outspoken, with committee members agreeing on some ideas but splitting on others:

TRANSMISSION. Mandate FERC jurisdiction, comparable to that for other transmitting utilities. (All agree.)

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