Page:United States Statutes at Large Volume 50 Part 1.djvu/760

 75 TH C ONGRE SS, 1ST SESSION-CH. 720-AUGUST 20, 1937 may deem necessary, desirable or appropriate to effectuate the pur- poses of this Act and to insure that resale by such utility to the ulti- mate consumer shall be at rates which are reasonable and nondis- criminatory. Such contract shall also require such utility to keep on file in the office of the administrator a schedule of all its rates and charges to the public for electric energy and such alterations and changes therein as may be put into effect by such utility. (b) The administrator is authorized to enter into contracts with public or private power systems for the mutual exchange of unused excess power, upon suitable exchange terms for the purpose of economical operation or of providing emergency or break-down relief. SEC. 6 . Schedules of rates and charges for electric energy pro- duced at the Bonneville project and sold to purchasers as in this Act provided shall be prepared by the admin istrator and become effective upon confirmation and approval thereof by the Federal Power Commission. Subject to confirmation and approval by the Federal Power Commission, such rate schedules may be modified from time to time by the administrator, and shall be fixed and estab- lished with a view to encouraging the widest possible diversified use of electric energy. The said rate schedules may provide for uniform rates or rates uniform throughout prescribed transmission areas in order to extend the benefits of an integrated transmission system and encourage the equitable distribution of the electric energy developed at the Bonneville project. SEC. 7. It is the intent of Congress that rate schedules for the sale of electric energy which is or may be generated at the Bonneville project in excess of the amount required for operating the dam, locks, and appurtenant works at said project shall be determined with due regard to and predicated upon the fact that such electric energy is developed from water power created as an incident to the construc- tion of the dam in the Columbia River at the Bonneville project for the purposes set forth in section 1 of this Act. Rate schedules shall be drawn having regard to the recovery (upon the basis of the application of such rate schedules to the capacity of the electric facilities of Bonneville project) of the cost of producing and trans- mitting such electric energy, including the amortization of the capital investment over a reasonable period of years. Rate schedules shall be based upon an allocation of costs made b y the Federal Power Commission. In computing the cost of electric energy developed from water power created as an incident to and a byproduct of the con- struction of the Bonneville project, the Federal Power Commission may allocate to the costs of electric facilities such a share of the cost of facilities having joint value for the production of electric energy and other purposes as the power development may fairly bear as compa red w ith s uch other purp oses. SEC. 8. Notwithstanding any other provision of law, all purchases and contracts made by the administrator or the Secretary of War for supplie s or f or ser vices except for p ersonal servi ces, s hall b e made after a dverti sing, in suc h mann er and at suc h time s, suf ficien tly in advance of opening bids, as the administrator or Secretary of War, as the ca se may be, shall d etermine to be ade quate to insure no tice and opportunity for competition. Such advertisement shall not be required, however, w hen (1) an emergency requires immediate delivery of the supplies or performance of the services ; or (2) repair parts, access ories, suppl ementa l equi pment, or ser vices are re quired for supplies or services previously furnished or contracted for (3) the aggregate amount involved in an purchase of supplies or procurement of services does not exceed $500 ; in which cases such purchases of supplies or procurement of services may be made in the Records required. Contracts for mu- tual exchange of ex « ce ss power ; terms, etc . Schedules of rates, etc. Modifications. Uniformity. 735 Rates predicated on fact that power cre- ated is an incident to dam const ructio n. Rates applied to costs of production and transmission, in- cl udi ng amo rti zat ion of capita l inves tment. Allocation of costs. Purchases and cou- tracts. Advertising ; open- ing of bids. Emergencies. Repair parts, etc . Minor purchases.
 * or