News | February 4, 1999

Clinton Proposal Does Not Mention PMA Privitization

President Clinton's fiscal 2000 budget proposal neglects the privatization of the four federal power marketing administrations, according to the most recent issue of American Banker.

According to the magazine, Clinton's proposal in 1995 to sell the Southeastern Power Administration, the Southwestern Power Administration, and the Western Area Power Administration was defeated by heavy congressional opposition. The Clinton administration has never tried to regulate the Bonneville Power Administration, the fourth PMA.

Although many investor-owned utilities argue that the PMAs should be privatized, the American Public Power Association opposes such legislation.