SWPA would put its main power money into one Treasury fund that does not expire each year. The fund could pay for power line upkeep, power sales, new transmission projects, and related costs.
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Southwestern Power Administration Fund Establishment Act is a Senate bill in committee. The latest recorded action: Committee on Energy and Natural Resources Subcommittee on Water and Power. Hearings held.
Latest action on S. 1034: Committee on Energy and Natural Resources Subcommittee on Water and Power. Hearings held.
Who this affects: This bill mainly affects the Southwestern Power Administration and the people who rely on the power and transmission system it supports. It also affects the Department of Energy, Congress, and the U.S. Treasury because it changes how SWPA money is collected, spent, carried over, and returned.
Why this matters: SWPA power line work can take more than one budget year, and this bill would give the agency a fund that lasts until the money is used. That could make repairs, upgrades, and new construction easier to plan. It could also give SWPA more freedom to handle cash flow. At the same time, Congress may have less direct yearly control over some spending. The bill does not explain the final effect on power customers, local communities, or rates.
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