Accession Number:

ADA106924

Title:

Federal Energy Regulatory Commission Needs to Act on the Construction-Work-in-Progress Issue.

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC ENERGY AND MINERALS DIV

Personal Author(s):

Report Date:

1981-09-23

Pagination or Media Count:

12.0

Abstract:

The financial indicators of the electric utility industry have deteriorated due to high inflation, high interest rates, accelerating construction costs, decline in demand, and a less than adequate rate of return. This has led to uncertainty about the industrys ability to attract investment capital. GAO sees the real issues as being whether companies need rate relief to maintain financial integrity, and whether construction programs which depend on such relief are needed to meet future electric energy demands.

Subject Categories:

  • Government and Political Science
  • Electric Power Production and Distribution

Distribution Statement:

APPROVED FOR PUBLIC RELEASE