Page:United States Statutes at Large Volume 123.djvu/162

 123STA T . 1 4 2 PUBLIC LA W 111 –5—FE B.1 7, 2 0 0 9‘ ‘ (1)INGE NE RAL.—For r epaym e nt p u rpo s es , ea ch trans - m i ssion l ine an d related f acility pro j ect in w hich the W estern A rea P ower Administration participates pursuant to this section shall b e treated as separate and distinct from— ‘‘(A) each other such project and ‘‘( B ) all other Western Area Power Administration power and transmission facilities. ‘‘( 2 )PR OC EE DS .— T he Western Area Power Administration shall apply the proceeds from the use of the transmission capacity from an indi v idual project under this section to the repayment of the principal and interest of the loan from the Treasury attributable to that project, after reservin g such funds as the Western Area Power Administration determines are necessary— ‘‘(A) to pay for any ancillary services that are provided; and ‘‘(B) to meet the costs of operating and maintaining the new project from which the revenues are derived. ‘‘( 3 ) S O U RCE O F RE V ENUE.— R evenue from the use of projects under this section shall be the only source of revenue for— ‘‘(A) repayment of the associated loan for the project; and ‘‘(B) payment of e x penses for ancillary services and operation and maintenance. ‘‘( 4 ) LIM I T ATION ON AUT H ORIT Y .— N othing in this section confers on the Administrator any additional authority or obliga- tion to provide ancillary services to users of transmission facili- ties developed under this section. ‘‘( 5 ) TREATMENT OF CERTAIN REVENUES.—Revenue from ancillary services provided by existing Federal power systems to users of transmission projects funded pursuant to this section shall be treated as revenue to the existing power system that provided the ancillary services. ‘‘(d) C ERTIFICATION.— ‘‘(1) IN GENERAL.—For each project in which the Western Area Power Administration participates pursuant to this sec- tion, the Administrator shall certify, prior to committing funds for any such project, that— ‘‘(A) the project is in the public interest; ‘‘(B) the project will not adversely impact system reli- ability or operations, or other statutory obligations; and ‘‘(C) it is reasonable to expect that the proceeds from the project shall be ade q uate to ma k e repayment of the loan. ‘‘(2) FORGIVENESS OF B ALANCES.— ‘‘(A) IN GENERAL.—If, at the end of the useful life of a project, there is a remaining balance owed to the Treasury under this section, the balance shall be forgiven. ‘‘(B) U NCONSTRUCTED P RO J ECTS.—Funds expended to study projects that are considered pursuant to this section but that are not constructed shall be forgiven. ‘‘(C) NOTIFICATION.—The Administrator shall notify the Secretary of such amounts as are to be forgiven under this paragraph. ‘‘(e) PUBLIC PROCESSES.— ‘‘(1) POLICIES AND PRACTICES.—Prior to requesting any loans under this section, the Administrator shall use a public