Power Marketing Administrations: Repayment of Power Costs Needs Closer Monitoring

摘要

The report examines the monitoring of the repayment of the power-related costs211 and debt of four of the Department of Energy's (DOE) power marketing 211 administrations (PMA). The PMAs' costs and the power-related costs of the 211 agencies that produce the power marketed by the PMAs are required by law to be 211 repaid. Repayment is to be made through revenues from federal power sales. 211 Concern about issues previously reported related to the under-recovery of certain 211 power-related costs and the large amount of debt outstanding--more than $14 211 billion as of September 30, 1997. Specifically, the report examines (1) whether 211 DOE or the Department of the Treasury (Treasury) actively monitors the amount of 211 debt to be repaid and the appropriateness of the annual payments and (2) whether 211 there is a potential for financial loss of the federal government as a result of 211 any lack of such monitoring of the repayment.