Page:United States Statutes at Large Volume 52.djvu/446

 52 STAT.] 75TH CONG. , 3D SESS.- CH. 250 -MAY 18, 1938 domain and to institute condemnation proceedings therefor in the same manner as is provided by law for the condemnation of real estate. (e) The Secretary of the Interior is authorized, in the name of the United States, to sell, lease, or otherwise dispose of such personal property as in his judgment is not required for the purposes of this Act and such real property and interests in land acquired in connec- tion with construction or operation of electric transmission lines or substations as in his judgment are not required for the purposes of this Act. (f) Subject to the provisions of this Act, the Bureau is authorized, in the name of the United States, to negotiate and enter into such contracts, agreements, and arrangements as it shall find necessary or appropriate to carry out the purposes of this Act. SEC. 3. As employed in this Act, the term "public body," or "public bodies," means States, public power districts, counties, and munici- palities, including agencies or subdivisions of any thereof. As employed in this Act, the term "cooperative," or "cooperatives," means any form of nonprofit-making organization or organizations of citizens supplying, or which may be created to supply, members with any kind of goods, commodities, or services, as nearly as possible at cost. SEC. 4. In order to insure that the facilities for the generation of electric energy at the Fort Peck project shall be operated for the benefit of the general public, and particularly of domestic and rural consumers, the Bureau shall at all times, in disposing of electric energy generated at said project, give preference and priority to public bodies and cooperatives. SEC. 5. Schedules of rates and charges for electric energy produced at the Fort Peck project and sold to purchasers as in this Act pro- vided shall be prepared by the Bureau and become effective upon confirmation and approval thereof by the Federal Power Commis- sion. Subject to confirmation and approval by the Federal Power Commission, such rate schedules may be modified from time to time by the Bureau and shall be fixed and established with a view to encouraging the widest possible diversified use of electric energy. The said rate schedules may provide for uniform rate or rates uni- form 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 Fort Peck project. SEC. 6. It is the intent of Congress that rate schedules for the sale of electric energy which is or may be generated at the Fort Peck project in excess of the amount required for operating the dam 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 Missouri River at the Fort Peck 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 appli- cation of such rate schedules to the capacity of the electric facilities of Fort Peck project) of the cost of producing and transmitting 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 by 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 construction of Fort Peck project, the Federal Power Commission may allocate to the costs of electric facilities such a share of the cost of facilities having joint 405 Disposal of personal property. Real property, etc. Contracts, etc., au- thorized. Terms defined. " Public body"; "public bodies." "Cooperative"; "co- operatives." Disposal of power; preferences, etc. Schedules of rates and charges. Uniformity. Rates predicated on fact that energy is in- cidental to dam con- struction. Allocation of costs.

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