C. Authorize Federal Divestiture of Assets that Would Be Better Managed by
State, Local, or Private Entities
 The Federal Government owns and operates certain infrastructure that would
be more appropriately owned by State, local, or private entities.
 For example, the vast majority of the Nation’s electricity needs are met through
for-profit investor-owned utilities. Federal ownership of these assets can
result in sub-optimal investment decisions and create risk for taxpayers.
 Providing Federal agencies authority to divest of Federal assets where the
agencies can demonstrate an increase in value from the sale would optimize the
taxpayer value for Federal assets. To utilize this authority, an agency would
delineate how proceeds would be spent and identify appropriate conditions
under which sales would be made. An agency also would conduct a study or
analysis to show the increase in value from divestiture. Examples of assets for
potential divestiture include—
o Southwestern Power Administration’s transmission assets;
o Western Area Power Administration’s transmission assets;
o Ronald Reagan Washington National and Dulles International Airports;
o George Washington and Baltimore Washington Parkways;
o Tennessee Valley Authority transmission assets;
o Bonneville Power Administration’s