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Long-term utility contracts
The Atomic Energy Commission's authority to enter into long-term
electric contracts has been expanded to permit such contracts to provide
for replacement of power supplied to AEC by TVA, subject to prior review
by the Joint Committee on Atomic Energy as noted above. This authorizes
the Dixon-Yates contract.
Recommendations
The Atomic Energy Commission and the Departments of State, Defense,
and Agriculture recommend approval of the bill. The Departments of Commerce
and Interior, the Federal Trade Commission, and the Federal Power Commission
raise no objection. The Tennessee Valley Authority believes that replacement
power contracts are likely to increase AEC's power costs significantly and
to prove cumbersome for all concerned. The Department of Justice letter
has not been received, but Justice staff advise that Justice will probably
have no objection to the bill. Although there a.re several undesirable
features in the bill, the Bureau of the Budget recommends approval.
Respectfully yours,
Pogus to Pens
Assistant Director for
Legislative Reference
The President
The White House
D.
Ela
Enclosures
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"ocrText": "- 4 -\nLong-term utility contracts\nThe Atomic Energy Commission's authority to enter into long-term\nelectric contracts has been expanded to permit such contracts to provide\nfor replacement of power supplied to AEC by TVA, subject to prior review\nby the Joint Committee on Atomic Energy as noted above. This authorizes\nthe Dixon-Yates contract.\nRecommendations\nThe Atomic Energy Commission and the Departments of State, Defense,\nand Agriculture recommend approval of the bill. The Departments of Commerce\nand Interior, the Federal Trade Commission, and the Federal Power Commission\nraise no objection. The Tennessee Valley Authority believes that replacement\npower contracts are likely to increase AEC's power costs significantly and\nto prove cumbersome for all concerned. The Department of Justice letter\nhas not been received, but Justice staff advise that Justice will probably\nhave no objection to the bill. Although there a.re several undesirable\nfeatures in the bill, the Bureau of the Budget recommends approval.\nRespectfully yours,\nPogus to Pens\nAssistant Director for\nLegislative Reference\nThe President\nThe White House\nD.\nEla\nEnclosures"
}