Tennessee Valley Authority Power Competition Act of 2000

Summary

Tennessee Valley Authority Power Competition Act of 2000 - Directs the Secretary of Energy (the Secretary) to sell the fossil-fuel and nuclear power generation and electric power transmission facilities owned and operated by the Tennessee Valley Authority (TVA). Prescribes procedural guidelines governing : (1) the sale of facilities; (2) competitive bidding; (3) cooperation of other Federal agencies; (4) retention of a financial and bid management advisor; (5) costs, proceeds and treatment of sales; and (6) legal obligations. Instructs the Secretary to report to the Federal Energy Regulatory Commission (FERC) concerning the facilities to be sold under this Act. Places within FERC jurisdiction all rates and charges established for the wholesale sale of electric power from facilities sold under this Act. Directs the Secretary to develop and implement procedures to ensure that all power produced by TVA-owned hydroelectric dams is sold at market-based rates in the relevant bulk power supply market. Prescribes implementation guidelines governing: (1) bid and auction procedures; (2) use of revenue; (3) establishment of the Fund for Environmental Mitigation and Restoration; and (4) establishment of the Fund for Renewable Resources. Grants public bodies and cooperatives the right of first refusal to purchase power at market prices. Instructs TVA to terminate its long-term contracts with distributors and retail customers within one year after the date of enactment of this Act.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 June 2000

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• Introduced in House (PDF)

  Introduced in House · EN · 14 June 2000

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• Introduced in House

  summary · EN · 14 June 2000

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