Southwestern Power Administration Fund Establishment Act
Summary
S. 1034 would create a dedicated fund in the U.S. Treasury for the Southwestern Power Administration (SWPA), a federal agency that markets and transmits hydroelectric power from dams in Arkansas, Kansas, Louisiana, Missouri, Oklahoma, and Texas. The fund would consolidate various existing funding sources and allow the SWPA to operate as a self-funding entity, receiving all receipts, collections, and recoveries from its operations. This dedicated funding structure would enable the SWPA to cover expenses related to operating and maintaining power transmission facilities, marketing electric power, constructing transmission infrastructure, and administrative costs. The bill aims to provide the SWPA with more stable, long-term financing to help lower customer rates, which currently fluctuate due to market demand and weather conditions. By establishing this fund, the bill would give the SWPA greater certainty to plan long-term infrastructure improvements and help avoid sudden rate spikes during droughts or extreme weather events that affect hydroelectric generation. The bill is currently under consideration by the Senate Committee on Energy and Natural Resources.