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At the meeting, Steve Wright will listen to information participants believe the agency should consider as it develops initial spending levels for the formal IPR process and before it establishes its long-term capital funding strategy. The administrator is seeking regional input before developing spending level estimates that will be discussed in the 2012 IPR. |
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Administrator Steve Wright has issued a letter to the region inviting interested parties to join him at the Jan. 31 meeting to provide information the agency should consider as it develops the initial spending levels for the formal Integrated Program Review, slated to begin this summer. |
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Administrator Steve Wright has written a letter to the region explaining how cost management practices have contributed to the agency's positive revenue picture. |
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The Bonneville Power Administration is a self-financed federal agency under the Department of Energy. BPA is a not-for-profit agency. It is legally mandated to recover all of its costs in the rates it charges customers for wholesale electricity and transmission services. The agency is committed to careful cost management consistent with its legal obligations, sound business practice and environmental stewardship.
BPA funds all ongoing operations and repays the Federal investment in the Federal Columbia River Power System through the sale of wholesale electricity and transmission services. The federal system provides about one-third of the Pacific Northwest's electric energy and three-fourths of its high voltage transmission. Each year BPA pays back to the U.S. Treasury a portion of the taxpayers' investment in the Federal Columbia River Power System, which includes the federal hydropower dams and transmission system.
The Bonneville Power Administration paid the U.S. Treasury $830 million for fiscal year 2011, which ended Sept. 30. This is a full annual payment, with interest, on the U.S. taxpayer investment in the Federal Columbia River Power System (FCRPS), which includes the federal hydropower dams and transmission system. The Treasury payment included $410 million in principal and $382 million in interest.
This fiscal year's $410 million principal payment included $70 million to repay bonds issued to the U.S. Treasury in excess of the base payment calculated for the Federal Energy Regulatory Commission filings. BPA paid the U.S. Treasury $38 million in other obligations, including $31 million of additional funding for post-retirement benefit programs provided to employees associated with the operation of the FCRPS.
BPA financial reports are grouped by the categories on the left. Each category contains a brief description of the report, frequency and point of contact. Most reports are in pdf file format and require the free acrobat reader.
Questions regarding any of BPA's financial reports should be directed to Alan Schlosser at 503-230-4230. For any other content questions, please contact the Corporate Communications office at 503-230-5273.
For access to agency news releases, refer to our
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