Federal Power Marketing Administration Accounting Practices Oversight Hearing

Cover Federal Power Marketing Administration Accounting Practices Oversight Hearing
Federal Power Marketing Administration Accounting Practices Oversight Hearing
United States Congress House Committee On Resou
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I think that is accurate. Yes.
Mr. SHADEGG. Oh, excuse me. I am sorry Mr. DeFazio is leaving. I would like to know if any normal business in America would not acknowledge that the pension costs for its employees which must openly be paid is going to cost the business — I mean, obviously, they would, would they not?
Mr. Armstrong. I am a lawyer. I am going to have to kick this one back to Ms. Calbom when you start talking about business practice.
Mr. Shadegg. OK, I went to Boston where they did
...told me I had to throw logic out — so it seems to me — I guess I would admit in all fairness to Mr. Shafer, I think WAPA is legitimately trying to in- terpret these laws and do it their way and say, "Well, these are the pension costs and actual costs of producing and distributing power. Gee, we are not sure and I don't really know where to put it. " I guess my point here is it just points out how the current gov- ernment structure doesn't really work, and that is not a question that the president of any business in the world would ask himself.

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