PROPOSALS TO ALLOW BONNEVILLE TO BUY 

 OUT ITS APPROPRIATED DEBT AND THAT 

 BONNEVILLE BE A GOVERNMENT COR- 

 PORATION 



THURSDAY, OCTOBER 28, 1993 



House of Representatives, 

 Task Force on Bonneville Power Administration, 



Committee on Natural Resources, 



Washington, DC. 



The task force met, pursuant to call, at 9:45 a.m. in room 2226, 

 Rayburn House Office Building, Hon. Peter DeFazio (chairman of 

 the task force) presiding. 



STATEMENT OF HON. PETER A- DeFAZIO 



Mr. DeFazio. If we could come to order, we will move ahead 

 here. The way things are in Congress, we try and do several things 

 at once, so this hearing conflicts with the first-ever major reform 

 of the Mining Act of 1872, which is going on in the Energy and 

 Mining Resources Subcommittee of the Natural Resources Commit- 

 tee. I am on that subcommittee. Although I think we have got it 

 pretty well covered, there may be some extraordinary occurrences 

 which would require my personal attendance. Otherwise, I am at- 

 tending via proxy. And obviously that has captured the attention 

 of Mr. LaRocco and others who would like to have been here today, 

 but are otherwise engaged. 



So we will move ahead. We will establish a good record here. We 

 are holding a hearing at a very timely place in the history of BPA. 

 As many of you know, this week we finally have a firm nonpunitive 

 proposal from the administration on the so-called buyout or repay- 

 ment reform by BPA regarding the older appropriated debt. It is 

 timely to have you here addressing that question and a number of 

 the other questions that were put by the committee. 



[Prepared statement of the Mr. DeFazio follows:] 



(1) 



