FederalDaily - August 13, 2007
DOE Launches Energy Savings Initiative
The Department of Energy (DOE) has launched the Transformational Energy Action Management (TEAM) Initiative—a
department-wide effort aimed at increasing energy efficiency by 30 percent for all DOE operations,
said DOE Secretary Samuel W. Bodman on Aug. 8. The TEAM Initiative aims to meet or exceed the goals
for increasing energy efficiency throughout the federal government already laid out by President Bush,
Bodman said in a statement. Increasing efficiency by 30 percent across the DOE operations complex will
save approximately $90 million a year, after projects are paid for, Bodman said. As part of the initiative,
DOE plans to maximize the installation of on-site renewable energy projects at all DOE sites and optimize
affordable purchases of renewable electricity. “As the federal government’s lead agency
on energy management, DOE will have raised the bar with TEAM Initiative,” Bodman said. To see
more, go to: www.energy.gov/news/5300.htm
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Campos to Leave SEC
Commissioner Roel C. Campos of the Securities and Exchange Commission (SEC) announced Aug. 9 that
he is leaving the agency next month, about three years before his second term expires. Campos, 58,
the first Hispanic to serve as a commissioner of the 74-year-old market watchdog agency, said he wants
to return to the private business world. One of two Democrats on the five-member commission, he was
first appointed by President Bush in July 2002. Before joining the SEC, Campos practiced law and was
a former prosecutor, the SEC said in a statement. “Commissioner Campos has worked tirelessly,
both at home and abroad, for the protection of investors and the betterment of U.S. markets," said
SEC Chairman Christopher Cox. To see more, go to: www.sec.gov/news/press/2007/2007-163.htm
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GSA Announces Accounting Classification Structure
The General Services Administration (GSA) on Aug. 9 announced the publication of its Financial Management
Line of Business Common Government-wide Accounting Classification (CGAC) structure. The CGAC structure
is a standard way to code and categorize financial transactions. Until now, GSA said, the classification
structures used in financial systems has varied from agency to agency—and often from bureau to
bureau within the same agency. “The federal government needs to reduce the data and process variability
within and among federal agencies,” said Dr. Linda Combs, controller, Office of Management and
Budget (OMB). “This standard will have significant benefits and impact when implemented.” GSA
said the expected improvements to financial management will assist senior managers in better allocating
resources where they are needed. To see more, go to: www.gsa.gov/Portal/gsa/ep/contentView.do?pageTypeId=8199&channelId=-13259&P=XAP&contentId=23408&contentType=GSA_BASIC
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