70 



In conclusion, Mr. Chairman, we support the buyout proposal but 

 question whether the $100 million increase in the sum of the net 

 proceeds is justified. We are very interested in the government cor- 

 poration concept. We believe this is a promising and comprehensive 

 approach to the challenge of making BPA more competitive, re- 

 sponsive, and potentially more accountable. The goal of this legisla- 

 tion should be to improve the effectiveness with which BPA per- 

 forms its mission, and not to change that mission. 



It should address internal management, not governance. Our 

 major concern is that extraneous amendments might be offered 

 that we and others would have to oppose, destroying the promise 

 of a revitalized and competitive Bonneville. 



Thank you for the opportunity to present our views, and I would 

 be willing to answer any questions you have. 



[Prepared statement of Mr. Johnson follows:] 



