Financial Activities of the Southeastern Federal Power Program PDF Download
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Languages : en
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 92
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 78
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Category :
Languages : en
Pages : 40
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The Southeastern Federal Power Program (SEFPP) consists of all activities associated with the production, transmission and disposition of Federal power marketed under Section 5 of the Flood Control Act of 1944 from projects in the ten southeastern states. The ten states are: Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Tennessee, and Kentucky. Power is marketed to customers in 11 states - the above ten plus Illinois. SEFPP includes the accounts of two separate Federal government agencies- the Southeastern Power Administration (Southeastern) of the Department of Energy and the U.S. Army Corps of Engineers (Corps). Southeastern purchases, transmits, and markets power within four separate power systems (each including one or more Corps generating projects for which rates are set). Specific and joint-use costs allocated to power are included in the attached statements of assets. Federal investment and liabilities under utility plant and cash. The accounts of SEFPP are maintained in conformity with generally accepted accounting principles and the Uniform System of Accounts prescribed for electric utilities by the Federal Energy Regulatory Commission (FERC). SEFPP's accounting policies also reflect requirements of specific legislation and executive directives issued by the applicable government agencies. Southeastern and Corps properties and income are exempt from taxation. Southeastern and the Corps receive Congressional appropriations through the Department of Energy (DOE) and the Department of Defense to finance their operations. The Corps also receives Congressional appropriations to finance construction of its hydroelectric projects.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 92
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Author: United States. Southeastern Power Administration
Publisher:
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Category : Electric power production
Languages : en
Pages : 60
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Category :
Languages : en
Pages :
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The attached report presents the results of the independent certified public accountant's audit of the Department of Energy's Southeastern Federal Power Program (SEFPP) financial statements as of September 30, 1995. In the auditor's opinion, SEFPP's statements are fairly presented in all material respects in conformity with generally accepted accounting principles. Their reports on SEFPP's internal control structure and on compliance with laws and regulations are also provided. SEFPP has the responsibility for the Federal electric power production, transmission and disposition of Federal power marketed under the Flood Control Act of 1944 in ten southeastern states. Electricity marketed by SEFPP is generated in power facilities operated by the US Department of Defense, Army Corps of Engineers. Additional information about SEFPP is provided in the notes to the financial statements. The 1995 financial statement audit was made under provisions of the Inspector General Act (5 USC. App.), as amended, the Chief Financial Officer's (CFO) Act (31 USC. 1500), and Office of Management and Budget implementing guidance to the CFO Act. The auditor's work was conducted in accordance with generally accepted government auditing standards. To fulfill our audit responsibilities, we contracted with the independent public accounting firm of KPMG Peat Marwick (KPMG) to conduct the audit for us, subject to our review. The auditor's report on SEFPP's internal control structure disclosed four reportable conditions that require corrective action. The auditor also considered the overview and performance indicator data for completeness and material consistency with the basic financial statements as noted in the internal control report. Furthermore, the auditor's report on compliance with laws and regulations disclosed two material instances of noncompliance which require corrective action.
Author: Linda M. Calbom
Publisher: DIANE Publishing
ISBN: 9780788177170
Category : Business & Economics
Languages : en
Pages : 50
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Addresses the significant ongoing expenses incurred by the federal government to support the electricity-related activities of the Power Marketing Administrations (PMAS) and the Rural Utilities Service (RUS). Also addresses potential future losses from these activities, as well as those of the Tennessee Valley Authority (TVA), given the move toward deregulation and increased competition in the electric industry. This report estimates the federal government's net recurring cost from electricity related activities at the RUS, the PMAS, and TVA for FY1996 &, where possible, the cumulative net cost for FY 1992 through 1996.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 44
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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 52
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Book Description
