330 



centives, joint operating agencies like CARES will become increas- 

 ingly important. 



Financing of resource acquisition by CARES will reduce both the 

 need for Treasury borrowing and the costs of new resources, while 

 allowing small and mediiun-sized utihties to participate in their de- 

 velopment and ownership. To the extent CARES and similar orga- 

 nizations promote resource development in rural timber-impacted 

 and economically distressed areas, they can play a significant role 

 in distributing the costs and benefits of resource acquisition devel- 

 opment more equitably across the region. 



As Bonneville t£ikes steps to become a more efficient businesslike 

 organization, it should continue to support the estabUshment of or- 

 gEinizations such as CARES that can bring tangible benefits. 



Thsink you for the opportunity to testify. 



[Prepared statement of Messrs. Johnson and Romjue follows:] 



