Report on the November 13, 1954, Waiver Action by the Joint Committee on Atomic Energy, 83d Congress, 2d Session: Utility Contract Between Atomic Energy Commission and the Mississippi Valley Generating Co., January 1955U.S. Government Printing Office, 1955 - 108 pages |
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84th Congress administration AEC and TVA AEC's agency amount approval arbitration argument Atomic Energy Act Atomic Energy Commission August 18 base capacity charge Bond & Share Budget Bureau budget message cancellation Chairman Clapp committee majority Committee on Atomic committee waiver action company's competitive bidding Congress Congressman Holifield construction costs dated Dixon Dixon-Yates arrangement Dixon-Yates company Dixon-Yates contract Dixon-Yates deal Dixon-Yates group Dixon-Yates plant Dixon-Yates proposal earnings engineering equity estimated February 25 Federal income taxes Federal Power Commission Ferguson amendment funds Gore amendment Government hearings Holding Company Hughes Joint Committee Joppa kilowatts legislative letter McAfee memorandum Memphis area ment Messrs million MVGC negotiations November 11 obligations officials operating Paducah payments power needs President President's private utilities provisions question reimbursement replacement request section 164 sponsoring companies steam plant Strauss supply Tennessee Valley Authority testimony tion Tresckow TVA Board TVA power TVA's Vogel waive Weitzel West Memphis Yates
Popular passages
Page 107 - Disputes. Except as otherwise specifically provided In this contract, all disputes concerning questions of fact arising under this contract shall be decided by the contracting officer subject to written appeal by the contractor within 30 days to the head of the department concerned or his duly authorized representative, whose decision shall be final and conclusive upon the parties thereto. In the meantime the contractor shall diligently proceed with the work as directed.
Page 107 - ... [N]o provision of any contract entered into by the United States, relating to the finality or conclusiyeness of any decision of the head of any department or agency or his duly authorized representative or board...
Page 107 - No provision of any contract entered into by the United States, relating to the finality or conclusiveness of any decision of the head of any department or agency or his duly authorized representative or board in a dispute Involving a question arising under such contract, shall be pleaded In any suit now filed or to be filed as limiting judicial review of any such decision to cases where fraud by such official or his said representative or board Is alleged: Provided, however, That any such decision...
Page 107 - Except as otherwise specifically provided in this contract all disputes concerning questions of fact arising under this contract shall be decided by the Contracting Officer, subject to written appeal by the Contractor within 30 days to the Secretary of the Navy or his duly authorized representative, whose decision shall be final and conclusive upon the parties hereto. In the meantime the Contractor shall diligently proceed with the work as directed.
Page 10 - My general thinking on the subject is this : It seems to me that all arguments for the construction by the Federal Government of the additional steam plants ignore this one and very important truth : If the Federal Government assumes responsibility in perpetuity for providing the TVA area with all the power it can accept, generated by any means whatsoever, it has a similar responsibility with respect to every other area and region and corner of the United States of America.
Page 8 - The date on which the time shall have elapsed during which the contract must remain on file with the Joint Committee on Atomic Energy pursuant to section 164 of the Atomic Energy Act of 1954 or the date when said joint committee shall have waived such requirement as provided in said section.
Page 63 - Rather than increasing its commitment from private utilities and reducing its commitments from TVA as contemplated in the President's budget message, AEC is to protect its present power supply sources by maintaining its full contract rights for power to be supplied by TVA.
Page 41 - In order to provide, with appropriate operating reserves, for reasonable growth in industrial, municipal, and cooperative power loads in the area through the calendar year 1957, arrangements are being made to reduce, by the fall of 1957, existing commitments of the Tennessee Valley Authority to the Atomic Energy Commission by 500,000 to 600,000 kilowatts.
Page 50 - Messrs. Schwartz and McCandless finally stated that notwithstanding all the detailed argument, the problem was what the impact of the program would be on the Government, and wanted to know if I had anything to say about that. I told him that to me it was quite simple ; that the Government had to get up lots of money at once if they were to permit TVA to build Fulton, whereas under our proposal the amount of money the Government had to get up to pay us was such that it would take many years for them...
Page 94 - ... The pending bills do not remove the obligation of the Federal Government in the TVA area, but instead they propose to continue both Federal appropriations and the use of Federal credit to support additional borrowing from taxpayers. President Eisenhower stated the basic issue in the following words : If the Federal Government assumes responsibility in perpetuity for providing the TVA with all the power it can accept, generated by any means whatsoever, it has a similar responsibility with respect...