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tal ball at the year 2010, if Bonneville has lots of competitors. And 

 if we are going to preserve the resources that we need for regional 

 concerns, we need to make sure that it is a competitive organiza- 

 tion and is structured in a way that would allow it to compete with 

 others. 



I do share your concern, as I had articulated, that we have some 

 regional organizations, the Council being one of the leaders that 

 give us guidance, so that we can give Mr. Hardy guidance when ap- 

 propriate to accommodate the concerns. 



Mr. Kreidler. That is certainly an ongoing concern of mine. I 

 strongly believe that there should be some way for the end users 

 of BPA's resources, to have an opportunity to be heard and not dic- 

 tated to in the rate-making process. Given the magnitude of the de- 

 cisions that are going to be made under a corporation structure, 

 this participation is doubly important. 



Mr. White. Yes. I have asked for guidance from people in the re- 

 gion, such as yourself, if we were to move to a corporate status. If 

 it was a private corporation, would there be an executive com- 

 pensation committee? And how should we best structure that? 



I can respect the desire of the Administrator and other senior ex- 

 ecutives to be treated more like their counterparts in private busi- 

 ness, even though they have a much wider range of responsibilities 

 involving fisheries and the like. And if you want corporate status, 

 who should be the executive compensation committee? That is an 

 issue that we ought to give some thought to. 



Mr. Kreidler. Thank you very much, Mr. Chairman. 



Mr. DeFazio. We have been joined by Ms. Shepherd, who is a 

 member of the task force and a member of the full committee. I 

 wonder if she has opening remarks or questions at this point. 



Ms. Shepherd. No, thank you. 



Mr. DeFazio. Just a follow-up, just a couple of more questions 

 to Mr. Bottiger in particular. In looking at the corporate status, 

 and again, back to the question I put about the responsiveness of 

 the Administrator, do you have any concerns about the Act as cur- 

 rently constructed? 



Mr. Bottiger. Let me put it this way. When the Council comes 

 up with a plan, whether it is to deal with the fisheries or whether 

 it is a least-cost plan, you submit that plan to BPA. Essentially the 

 Act seems to say BPA should take that into account; they should 

 follow it, unless for some reason they think they shouldn't follow 

 it. And, you know, they might not follow it, and if they don't follow 

 it then probably they should tell you, but maybe they don't have 

 to, but if you want to formally object, then you can. It is a very 

 murky process, and the relationship between the products of the 

 Council and the implementation by the Administrator — we got into 

 this a little bit over the Tenasca issue, and I was critical that the 

 Council had not examined the long-term contracts for the acquisi- 

 tion of the gas. I didn't know how you could determine this was a 

 great deal or a good resource or cost effective if you didn't know 

 what the underlying contracts for the raw material generating the 

 power were going to cost in the future. So we had a dialogue with 

 one of your colleagues from the Council, and we had an interesting 

 exchange. 



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