Изображения страниц
PDF
EPUB

Testimony of Stuart B. Tulloss, William A. Owen, and Francis T.

Matchett-resumed-Continued.

(M) Extent of General Accounting Office examination of Tennessee Pago

Valley Authority transactions.-

4665-4669

(N) Cancelation of ice plant lease by Tennessee Valley Author-

ity..

4669-4670

(0) Discussion of 1934 annual report of the Tennessee Valley Author-

ity to Congress.---

4670–4694

1. Comparison of General Accounting Office figures with

figures shown on Tennessee Valley Authority re-

port..

4671-4672

2. Explanation of difference in figures.

4672-4673

3. Question of undistributed disbursements..

4674-4676

4. Question of difference in Tennessee Valley Authority's

1934 and 1935 reports to Congress and explanation of

4677

5. Amount of depreciation charged on report--

4677

6. Question of fixed assets...

4678

7. Total amount of inventories.

4678-4682

8. Amount of accounts receivable-

4683-4685

9. Total investments.

4686

10. Current liabilities -

4687

11. Revenues from sale of power.

4687

12. Explanation of difference in total operating expenses. 4688-4693

Testimony of Theodore B. Parker

4694-4707

(A) Qualifications of witness.

4695-4696

(B) Basic advantages of multiple-purpose development--

4696-4697

(C) Organization and personnel of Tennessee Valley Authority en-

gineering staff

4697-4704

(D) Importance of dam construction according to planned schedule

from economy viewpoint.

4705-4707

Testimony of Col. Theodore B. Parker---resumed.

4709–4790

(A) Objectives of engineering and construction departments - 4709-4710

(B) Physical features of the Tennessee River in relation to power

development -

4710-4711

(C) Problems in protection against floods at Chattanooga- 4711-4714

(D) Effect of the Tennessee River on flood conditions of the Mis-

sissippi River.

4714-4715

(E) Tennessee Valley Authority projected 10-dam system... 4715-4718

(F) Effect of Gilbertsville Dam on flood conditions of lower Ohio

and Mississippi Rivers. -

4718-4725

(G) Probable incidental power output-

4725-4729

(H) Relative costs of Tennessee Valley Authority system and low

dam system.--

4729–4733, 4736

(I) Relative flood-control value of Tennessee Valley Authority

system and low dam system.--

4733-4737

(J) Use of Tennessee Valley Authority dams for joint flood con-

trol and power purposes.

4737-4741

(K) Basis of Tennessee Valley Authority allocation of costs be-

tween navigation, flood control, and power-

4741-4748

(L) Extent to which allocation could be modified without ma-

terially affecting basic economy of enterprise-

4748–4750

(M) Comparative costs between Tennessee Valley Authority proj-

ects and other hydroelectric projects -- 4751-4754, 4771-4772

(N) General comments on Tennessee Valley Authority engineer

ing work.

4755-4769

(0) Lack of conflict between flood control and power on the Ten-

nessee River...

4769-4770

(P) Estimated allocation for 10-plant system.-

4773-4777

(Q) Reasons for and effect of Tennessee Valley Authority's de-

cision to allocate no part of dam construction costs to na-

tional defense.

4777-4786

(R) Principal theory upon which allocation was based re Hiwassee

and Norris Dams.--

4786-4790

[ocr errors]

Page

Testimony of Col. Theodore B. Parker-resumed..

4791-4807

(A) Criticism of cost estimates contained in so-called Kurtz flood-

control system.--

4791-4792

(B) Possibility of construction of additional dams on the Holston and

French Broad Rivers..

4793-4794

(C) Allocation to power which would have resulted had method sug-

gested by E. L. Moreland been applied to actual costs of

alternative single-purpose navigation and flood-control systems. 4794-

4807

Testimony of Arthur E. Morgan-resumed.-

4808–4850

(A) Necessity for definite policy in operating dams jointly for flood

control and power...

4808–4813

(B) Views of witness on allocation method adopted by Tennessee

Valley Authority...

4813-4826

(C) Explanation of study concerning extent to which Tennessee Valley

Authority power revenues will cover costs -

4827-4842

(D) Tennessee Valley Authority yardstick power program.

4842-4850

Testimony of Arthur E. Morgan-resumed..

4851-4871

(A) Explanations of studies submitted to the committee.

4851-4853

(B) Tennessee Valley Authority wholesale yardstick rates - 4854–4865

(C) General comments on desirability of Tennessee Valley Authority

program.

4865–4871

Study entitled “A Summary of the Power Operation of the Tennessee

Valley Authority,” submitted by A. E. Morgan, December 1938--- 4871–4877

(A) Liquidation of Tennessee Valley Authority power investment

under the Tennessee Valley Authority wholesale "yardstick"

rates..

4871-4873

(B) Revenues..

4873

(C) A deficit is inescapable.

4873

(D) The retail "yardstick” power program.

4874

(E) The "yardstick” concept.

4874

(F) Power production costs.

4874-4875

(G) Power distribution costs.

4875

(H) Property acquisition.

4875

(I) New business expense.

4876

(J) Other services contributed..

4876

(K) “Yardstick” rates are elastic.

4876

(L) Wages in "yardstick” communities -

4876

(M) “Yardstick” communities in Mississippi.--

4877

(N) Power operations of the unified 7-dam system..

4877

(0) The final balance..

4877

Study entitled "The Power Operations of the Tennessee Valley Authority,'
submitted by A. E. Morgan, December 1938.

4877-4996
(A) Introduction...

4877-4878

(B) The prospect for liquidation_of Tennessee Valley Authority

power investment under the Tennessee Valley Authority whole-

sale "yardstick” rates.-

4878-4883

(1) Interest, depreciation, and tax rates used by the Tennessee

Valley Authority in support of "yardstick” rates --- 4881

(2) The claim that the Tennessee Valley Authority will pay

the entire cost in 30 years..

4881-4882

(3) Reserves for loss of income and unprovided-for ex-

penses.

4882-4883

(C) Power operations of the unified 3-dam system..

4883-4895

(1) Investment.--

4883

(2) Interest during construction.

4883-4884

(3) The Authority does not pay interest

4884

(4) Organizing and financing charges...

4885

(5) Wilson Dam and power plant...

4885–4886

(6) Wilson, Norris, and Wheeler Dams.-

4886-4887

(7) Transmission and distribution facilities -

4888

(8) Operating expenses and charges...

4888-4892

(9) Revenues.

4892–4895

(D) The Tennessee Valley Authority "yardstick” wholesale rates. 4895-4896

[ocr errors]
[graphic]

Page

Study entitled "The Power Operations of the Tennessee Valley Authority,"

submitted by A. E. Morgan, December 1938—Continued.

(E) The 'yardstick” power program.-

4896–4909

son

(i) Administrative and general expenses.

4899–4901

DW (2) Financing-

4902-4903

(3) Depreciation and interest

4903-4904

(4) Development period deficit.-

4904–4905

(5) "Yardstick” power-distribution costs.

4905-4906

(6) Electric property acquisition.

4906-4907

(7) New business expenses.-

4907–4909

U (F) Services contributed by Tennessee Valley Authority to "yard-

stick” power distributors --

4909–4914

(G) Amortization and developmental surcharges

4914-4915

(H) The "yardstick" operations in the State of Mississippi. 4915–4946

(1) Analysis of "yardstick” communities in Mississippi. 4917–4927

(2) Analysis of annual reports made to the Tennessee Valley

Authority by 11 "yardstick” communities in Mis-

sisippi.

4927-4946

(a) Amory, Miss..

4927-4929

(6) Holly Springs, Miss.

4929–4931

(c) New Albany, Miss..

4931-4933
(d) Okolona, Miss.

4934–4936

(e) Tupelo, Miss

4936–4939

(1) Alcorn County Electric Power Association. 4939–4941

(g) Monroe County Electric Power Association. 4941-4942

(h) Pontotoc Electric Power Association --- 4942-4943

(i) Prentiss County Electric Power Association 4943-4944

(1) Tishomingo County Electric Power Associa-

ciation

4944-4945

(k) Tombigbee Electric Power Association - 4945–4946

(I) Power operations of the unified 7-dam system.

4947-4951

1. Investment

4947-4949

2. Operating expenses and charges.

4949–4951

(J) Exhibits and schedules.

4951-4996

Study entitled, “A Further Statement on Allocation of Costs of Tennessee

Valley Authority Dams and Reservoirs Between Navigation, Flood

Control, and Power,” prepared by A. E. Morgan, December 1938.- 4997-5000

A memorandum concerning charges of losses by the Tennessee Valley

Authority through litigation, prepared by A. E. Morgan, December

1938.-

5000-5014

Study entitled, “Comments on Charges and Statements Made in Testi-

mony Before the Committee," prepared by A. E. Morgan, December

1938 -

5015-5024

(A) D. E. Lilienthal's testimony concerning the Chickamauga Dam

incident

5016–5017

(B) D. E. Lilienthal's testimony concerning the changing of

minutes.

5017-5018

(C) The Arkansas Power & Light Co. contract-

5018-5024

Study entitled, "The Federal Power Commission Survey of Tennessee

Valley Authority Yardstick Communities,” prepared by A. E. Morgan,

December 1938-

5025-5029

Study entitled, “Suggestions on the Reorganization of the Tennessee

Valley Authority,” prepared by A. E. Morgan, November 1938- 5030-5034

Testimony of Sherman M. Woodward..

5035-5090

(A) Experience and qualifications of witness

5035-5036

(B) General statement on Tennessee Valley Authority dam system

in relation to flood-control problems on the Tennessee and

lower Ohio and Mississippi Rivers..

5036-5048

1. Value of flood-control protection on Tennessee and Mis-

sissippi Rivers

5037-5038

2. Importance of Gilbertsville Reservoir..

5038-5039

3. Navigation --

5039-5041

4. Summer floods stopped below Norris Dam.

5041-5042

5. Water power---

5042-5043

6. Descriptions of flood-control operations.

5043-5046

7. Lack of conflict in multipurpose dam system.-- 5046-5047
Testimony of Sherman M. Woodward—Continued.

[graphic]
« ПредыдущаяПродолжить »