Reauthorization of the Energy Policy And Conservation Act of 1995 Hearing Befo
Reauthorization of the Energy Policy And Conservation Act of 1995 Hearing Befo
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It will be somewhat more than the $60 million, but the other money will go into replenish the accounts for activity that we are working now to extend the life of the Reserve for 25 more years. Since the Weeks Island activity takes more than a year to complete, we wanted to get the money up front to do all of the work, which we have estimated to cost somewhere between $60 million and $100 million, and we will have to borrow the money out of the accounts that we would be using to do the life exte...nsion work that we are also trying to complete.
Mr. SCHAEFER. On average, what does it cost per year to main- tain and operate SPR?
Mr. Simpson. Just over $200 million a year.
Mr. SCHAEFER. How much did the Department request in its new budget authority?
Mr. Simpson. In the 1996 request we asked to be able to spend just over $31 million. I may ask staff to give me the exact numbers, but $100 million of it would come from this account, and then the remaining balance would be out of funds that we have already available from sales, and now appropriation.
What to read after Reauthorization of the Energy Policy And Conservation Act of 1995 Hearing Befo?
You can find similar books in the "Read Also" column, or choose other free books by Zationo042894 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It will be somewhat more than the $60 million, but the other money will go into replenish the accounts for activity that we are working now to extend the life of the Reserve for 25 more years. Since the Weeks Island activity takes more than a year to complete, we wanted to get the money up front to do all of the work, which we have estimated to cost somewhere between $60 million and $100 million, and we will have to borrow the money out of the accounts that we would be using to do the life exte...nsion work that we are also trying to complete.
Mr. SCHAEFER. On average, what does it cost per year to main- tain and operate SPR?
Mr. Simpson. Just over $200 million a year.
Mr. SCHAEFER. How much did the Department request in its new budget authority?
Mr. Simpson. In the 1996 request we asked to be able to spend just over $31 million. I may ask staff to give me the exact numbers, but $100 million of it would come from this account, and then the remaining balance would be out of funds that we have already available from sales, and now appropriation.
What to read after Reauthorization of the Energy Policy And Conservation Act of 1995 Hearing Befo?
You can find similar books in the "Read Also" column, or choose other free books by Zationo042894 to read onlineMoreLess
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