Power Marketing Administrations: Their Ratesetting Practices Compared With Those of Nonfederal Utilities

Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) power marketing administrations (PMA), focusing on: (1) how the PMAs set their rates to recover costs; (2) how the PMAs' ratesetting practices compare to those of investor-owned and publicly owned utilities; and (3) the impact of the PMAs' ability to defer repayment of portions of their debt on their future competitiveness.