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U.S. Code as of:
01/19/04
Section 831m. Allocation and charge of value and cost of plants to particular objects; cost accounting; reports of costs of operation; sale of surplus power at profit
The Board shall make a thorough investigation as to the present
value of Dam Numbered 2, and the steam plants at nitrate plant
numbered 1, and nitrate plant numbered 2, and as to the cost of
Cove Creek Dam, for the purpose of ascertaining how much of the
value or the cost of said properties shall be allocated and charged
up to (1) flood control, (2) navigation, (3) fertilizer, (4)
national defense, and (5) the development of power. The findings
thus made by the Board, when approved by the President of the
United States, shall be final, and such findings shall thereafter
be used in all allocation of value for the purpose of keeping the
book value of said properties. In like manner, the cost and book
value of any dams, steam plants, or other similar improvements
hereafter constructed and turned over to said Board for the purpose
of control and management shall be ascertained and allocated. The
Board shall, on or before January 1, 1937, file with Congress a
statement of its allocation of the value of all such properties
turned over to said Board, and which have been completed prior to
the end of the preceding fiscal year, and shall thereafter in its
annual report to Congress file a statement of its allocation of the
value of such properties as have been completed during the
preceding fiscal year.
For the purpose of accumulating data useful to the Congress in
the formulation of legislative policy in matters relating to the
generation, transmission, and distribution of electric energy and
the production of chemicals necessary to national defense and
useful in agriculture, and to the Federal Power Commission and
other Federal and State agencies, and to the public, the Board
shall keep complete accounts of its costs of generation,
transmission, and distribution of electric energy and shall keep a
complete account of the total cost of generating and transmission
facilities constructed or otherwise acquired by the Corporation,
and of producing such chemicals, and a description of the major
components of such costs according to such uniform systems of
accounting for public utilities as the Federal Power Commission
has, and if it have none, then it is empowered and directed to
prescribe such uniform system of accounting, together with records
of such other physical data and operating statistics of the
Authority as may be helpful in determining the actual cost and
value of services, and the practices, methods, facilities,
equipment, appliances, and standards and sizes, types, location,
and geographical and economic integration of plants and systems
best suited to promote the public interest, efficiency, and the
wider and more economical use of electric energy. Such data shall
be reported to the Congress by the Board from time to time, with
appropriate analyses and recommendations, and, so far as
practicable, shall be made available to the Federal Power
Commission and other Federal and State agencies which may be
concerned with the administration of legislation relating to the
generation, transmission, or distribution of electric energy and
chemicals useful to agriculture. It is declared to be the policy of
this chapter that, in order, as soon as practicable, to make the
power projects self-supporting and self-liquidating, the surplus
power shall be sold at rates which, in the opinion of the Board,
when applied to the normal capacity of the Authority's power
facilities, will produce gross revenues in excess of the cost of
production of said power and in addition to the statement of the
cost of power at each power station as required by section 831h of
this title, the Board shall file with each annual report, a
statement of the total cost of all power generated by it at all
power stations during each year, the average cost of such power per
kilowatt hour, the rates at which sold, and to whom sold, and
copies of all contracts for the sale of power.
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