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Commission. Among the task force's conclusions is one which states: The Department of Energy (Ed. Of which the PMA's are a part) is not efficiently pricing surplus electricity (Ed. Surplus to multi-purpose water project needs) sold from federal hydroelectric projects consistent with sound business principles (President's Private Sector Survey on Cost Control, 1983, p. 42). Part of that conclusion was based on the task force's finding that: Repayment studies are not an appropriate measure of current revenue adequacy, and even if they were, financial experts could reasonably debate the manner, assumptions and criteria for their preparation .. (PPSSCC, 1983, p. 4.5). One of the power repayment studies' assumptions the task force criticized, although not referred to by name, was the ultimate development concept. The task force stated: The repayment studies are based on concepts no longer accepted in business and commerce of attempting to forecast financial perfor mance over the entire life cycle of the business enterprise, which in the case of the PMA's requires forecasting costs and revenues for 50 or more years into the future (PPSSCC, 1983, p. 43). This and other repayment study assumptions, said the task force, has caused the DOE to be: . . . (ineffective) in recovering the costs of producing electricity from federal hydroelectric projects and the repayment of Treasury's capital investment is seriously delinquent (PPSSCC, 1983, p. 45). After reaching the previous conclusions, the task force made several recommendations, some of which were aimed at eliminating use of the power repayment study, and thus the ultimate development concept, in the PMA's rate- setting process. The task force recommended that PMA's adopt: -8-