Investigation of the Tennessee Valley Authority - United States. Congress. Joint Committee to Investigate the Tennessee Valley Authority - Google Книги

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

Matchett-resumed-Continued.

(M) Extent of General Accounting Office examination of Tennessee

Valley Authority transactions__

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

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

ity to Congress..........

1. Comparison of General Accounting Office figures with

figures shown on Tennessee Valley Authority re-

2. Explanation of difference in figures.

3. Question of undistributed disbursements.

4. Question of difference in Tennessee Valley Authority's

1934 and 1935 reports to Congress and explanation of

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

Testimony of Theodore B. Parker.

(A) Qualifications of witness_

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

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

gineering staff.

(D) Importance of dam construction according to planned schedule

from economy viewpoint..

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

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

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

development....

(C) Problems in protection against floods at Chattanooga.

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

sissippi River...

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

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

and Mississippi Rivers -

(G) Probable incidental power output_

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

dam system......-

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

trol and power purposes.

4729-4733, 4736

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

system and low dam system...

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

tween navigation, flood control, and power---

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

terially affecting basic economy of enterprise_-_

(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-

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

and Norris Dams...

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

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

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

tional defense. -

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

nessee River_ _ _

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

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

control system___.

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

French Broad Rivers..

(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-

Testimony of Arthur E. Morgan-resumed__.

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

control and power---

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

Valley Authority-

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

Authority power revenues will cover costs.

(D) Tennessee Valley Authority yardstick power program.

Testimony of Arthur E. Morgan-resumed__

(A) Explanations of studies submitted to the committee_

(B) Tennessee Valley Authority wholesale yardstick rates.

(C) General comments on desirability of Tennessee Valley Authority

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"

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

(0) The final balance....

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

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

(A) Introduction..

Other services contributed..

"Yardstick" rates are elastic_.

(L) Wages in "yardstick" communities.

(M) “Yardstick" communities in Mississippi............

(B) The prospect for liquidation of Tennessee Valley Authority

power investment under the Tennessee Valley Authority whole-

sale "yardstick" rates---

(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..

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

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

(6) Wilson, Norris, and Wheeler Dams__.

(1) Investment...

(2) Interest during construction.

(3) The Authority does not pay interest..

(4) Organizing and financing charges..

(5) Wilson Dam and power plant...

(7) Transmission and distribution facilities_

(8) Operating expenses and charges....

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

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

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

(E) The "yardstick" power program....

(1) Administrative and general expenses..

(2) Financing..

(3) Depreciation and interest.

(4) Development period deficit..

(7) New business expenses..

stick" power distributors._

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

(G) Amortization and developmental surcharges--

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

(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-

(f) 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-

(k) Tombigbee Electric Power Association__

(I) Power operations of the unified 7-dam system_

1. Investment__.

2. Operating expenses and charges.

(J) Exhibits and schedules..

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

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

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

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

Study entitled, "Suggestions on the Reorganization of the Tennessee

Valley Authority," prepared by A. E. Morgan, November 1938. -

Testimony of Sherman M. Woodward_

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

Study entitled, "The Federal Power Commission Survey of Tennessee
Valley Authority Yardstick Communities," prepared by A. E. Morgan,

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

5025-5029

(A) Experience and qualifications of witness_

(B) General statement on Tennessee Valley Authority dam system

in relation to flood-control problems on the Tennessee and

lower Ohio and Mississippi Rivers----

3. Navigation_____

2. Importance of Gilbertsville Reservoir.-

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

sissippi Rivers.

4. Summer floods stopped below Norris Dam_

5. Water power---

6. Descriptions of flood-control operations..

7. Lack of conflict in multipurpose dam system...

Testimony of Sherman M. Woodward-Continued.

(C) Orders issued during fiscal year 1938 covering dam and reservoir

operations for flood control and other purposes..

(D) River regulated under witness' orders____

(E) Policy of operations re navigation, flood control, and power. 5053-5055

(F) Preference given to flood control and navigation in operation of

Tennessee Valley Authority dams and reservoirs..

(G) Lack of conflict between flood control and power.

(H) Extent of flood-control protection to be afforded by Tennessee

Valley Authority 10-dam system.

(I) Additional steps needed to afford complete flood-control protec-

tion_.
5059-5061, 5085-5090

(J) Advantages of Tennessee Valley Authority system as compared

with low-dam system..-

trol and power programs..

(K) Lack of necessity for any administrative separation of flood con-

(L) Question of costs of Tennessee Valley Authority construction

allocable to flood control___

1. Explanation of how allocations were made.

2. Cost estimates for Norris Dam__.

3. System used for computations.

(M) Question of complete flood-control protection_

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