Southwestern Power Fund: Securing Energy Infrastructure and Reliability.
This Act establishes a dedicated fund in the U.S. Treasury for the Southwestern Power Administration (SWPA). The purpose is to consolidate all SWPA revenues and existing balances into one account, ensuring stable financing for its operations. This financial restructuring aims to guarantee that SWPA has the necessary resources for the maintenance, operation, and construction of power transmission facilities, which is vital for reliable electricity delivery to consumers in the Southwestern states.
Key points
Creation of the SWPA Fund: All receipts, collections, and existing balances of the agency are centralized into a single, dedicated fund.
Funding Infrastructure: The money will be used specifically for operating, maintaining, and building power transmission lines and substations.
Enhanced Financial Stability: The change provides a more stable and predictable funding mechanism for the agency responsible for marketing hydroelectric power in the region.
Expired
Additional Information
Print number: 118_S_1324
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2023-04-26