Southwestern Power Administration Fund Establishment Act

Bill 119 HR 2432, also known as the Southwestern Power Administration Fund Act, aims to establish a fund specifically for the Southwestern Power Administration (SWPA) within the Department of Energy. The purpose of this fund is to provide financial resources for the SWPA to carry out its mission of marketing and transmitting hydroelectric power in the southwestern United States.

The bill outlines the sources of funding for the SWPA Fund, including revenues from the sale of power, reimbursements for services provided, and any other funds appropriated by Congress. It also specifies that the SWPA Fund will be used to cover the costs of operating and maintaining the SWPA's power facilities, as well as any necessary upgrades or improvements.

Additionally, the bill includes provisions for the SWPA to enter into agreements with other federal agencies, state and local governments, and private entities to further its mission. It also requires the SWPA to submit an annual report to Congress detailing its activities and financial status. Overall, the Southwestern Power Administration Fund Act aims to ensure that the SWPA has the necessary financial resources to continue providing reliable and affordable hydroelectric power to the southwestern region of the United States.