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U.S. Code as of:
01/19/04
Section 838g. Schedules of rates and charges for sale of Federal power and transmission of non-Federal power; confirmation and approval; criteria for modification and establishment
Schedules of rates and charges for the sale, including
dispositions to Federal agencies, of all electric power made
available to the Administrator pursuant to section 838f of this
title or otherwise acquired, and for the transmission of
non-Federal electric power over the Federal transmission system,
shall become effective upon confirmation and approval thereof by
the Secretary of Energy. Such rate schedules may be modified from
time to time by the Secretary of Energy, acting by and through the
Administrator, subject to confirmation and approval by the
Secretary of Energy, and shall be fixed and established (1) with a
view to encouraging the widest possible diversified use of electric
power at the lowest possible rates to consumers consistent with
sound business principles, (2) having regard to the recovery (upon
the basis of the application of such rate schedules to the capacity
of the electric facilities of the projects) of the cost of
producing and transmitting such electric power, including the
amortization of the capital investment allocated to power over a
reasonable period of years and payments provided for in section
838i(b)(9) of this title, and (3) at levels to produce such
additional revenues as may be required, in the aggregate with all
other revenues of the Administrator, to pay when due the principal
of, premiums, discounts, and expenses in connection with the
issuance of and interest on all bonds issued and outstanding
pursuant to this chapter, and amounts required to establish and
maintain reserve and other funds and accounts established in
connection therewith.
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