Why Power Rate Hikes Influence Our Economy
The provisions in H.R. 1662 let us solve critical challenges going forward. It protects ratepayers by providing certainty on their share of costs, provides new sources of revenues to the Bureau of Reclamation on future capital expenses, and delivers a good faith effort by Congress to resolve current disputes on security-related reimbursements.
I especially appreciate the support and partnership of my co-sponsors, including my dear colleague and esteemed Ranking Member of the Water & Power Subcommittee, Rep. Cathy McMorris Rodgers (R-Wash.), and colleagues Rep. Trent Franks (R-Ariz.), Rep. Rick Renzi (R-Ariz.), Rep. Raul Grijalva (R-Ariz.), Rep. Barbara Cubin (R-Wyo.), and Rep. Wally Herger (R-Calif.). I thank the Members of the Water & Power Subcommittee for their consideration of this bipartisan legislation and look forward to continuing to work on this issue as the bill progresses through Congress.