Electric Power Production Authority Act

Summary

Electric Power Production Authority Act - Establishes, within the Department of Commerce, an Electric Power Production Authority. Directs the Authority to: (1) assure that adequate supplies of electric energy, based on proven and developed technology, are available to meet the anticipated needs of the United States; (2) review the demand and supply of electric energy in the United States and report annually to the Congress; and (3) loan to investor-owned electric utilities or States or municipal power authorities sums up to 100 percent of the costs of new electric powerplant distribution and transmission facilities. Authorizes the appropriation of $50,000,000,000 over a ten-year period for such purposes. Authorizes the Authority to provide loans and loan guarantees for the purchase of coal and nuclear fuel supplies in order to meet anticipated requirements of electric powerplants. Authorizes the appropriation of $1,000,000,000 over a ten-year period for such purpose.

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1 official file

• Introduced in House

  summary · EN · 4 January 1977

  Open at official source

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