Bonneville Equity Restoration Act of 1983

Summary

Bonneville Equity Restoration Act of 1983 - Requires the Administrator of the Bonneville Power Administration to offer to: (1) purchase all outstanding debt instruments which were issued before the enactment of this Act by the Washington Public Power Supply System in connection with Washington nuclear projects numbered 1, 2, 3, 4, and 5; and (2) exonerate the Washington Public Power Supply System and all public utilities participating in such system from liability to the Administrator with respect to such projects. Conditions such offer upon the transfer of such projects from the Washington Public Power Supply System and public utilities to the United States. Requires the Administrator to maintain such projects until authorized by Congress to use or dispose of them. Requires the Administrator to establish a fund to be used for the purchase of the debt instruments. Requires the deposit into such fund of: (1) funds authorized to the Administrator under this Act; (2) funds from reserve accounts available to the Administrator; and (3) a rate surcharge imposed on customers purchasing power from the Bonneville Power Administration which were participants in the Washington Public Power Supply System.

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Documents

1 official file

• Introduced in House

  summary · EN · 26 May 1983

  Open at official source

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