The Power Marketing Administrations (PMAs) are four federal agencies within the Department of Energy responsible for marketing hydropower—primarily excess power produced by federal dams and projects operated by the Corps of Engineers and the Bureau of Reclamation. The four federal PMAs, which market and distribute power to 60 million people in 34 states, are required to give preference to public utility districts and cooperatives, and sell their power at cost-based rates.
(by Pam Kufahl, Transmission and Distribution World)
Meeks’ career in the electrical utility industry spans more than 25 years. He joined Western as an electrical engineer in the 1980s, and served in progressively responsible positions with the agency, including Maintenance Manager for the Sierra Nevada Region and Assistant Administrator for Power Marketing Liaison in Washington, D.C. Prior to his appointment as WAPA administrator in late 2006 (effective January 4, 2007) Meeks served as Western’s Chief Operating Officer.
“OMB, once again, proposed a so-called “Agency Rate” for three PMAs (SEPA, SWPA and WAPA) to raise their interest rates to the level that government corporations pay to borrow funds from the federal government. The OMB argues that this is needed to cover a ‘perceived risk’ to the U.S. Treasury for non-payment. This action is punitive and unnecessary. These three PMAs are not government corporations and do not borrow funds from the U.S. Treasury. They also have an enviable record of repayment. The OMB proposal would open the door for budget gimmicks each year to raise rates for the PMAs through administrative fiat, bypassing Congress’ traditional oversight authority of the PMAs. Congress quashed both of these proposals during the FY08 appropriations process.”