BPA announces profits and rates for fiscal year 2022

PORTLAND, Oregon — The Bonneville Power Administration recently announced higher than expected profits of $964 million for fiscal year 2022.

The administration had projected profits of $172 million, according to a press release.

The administration reported 233 days cash on hand against a 60-day minimum threshold triggering the reserves distribution clause.

The clause releases $500 million from Power Services and $63.1 million from Transmission Services for other purposes.

The administration states that it is considering a rate reduction for fiscal year 2023, a decision is expected in December.

The administration has also announced that it is considering keeping rates flat in 2024 and 2025 in the BP-24 rate case and TC-24 tariff proceeding, both of which were expected to be published at www.bpa.gov on Friday.

More in Business

Todd Ortloff Show guests this week

Here is this week’s schedule for the 1 p.m.… Continue reading

Grant to fund work skills program

Peninsula College has secured a $32,874 grant to fund… Continue reading

EYE ON BUSINESS: This week’s meetings

Breakfast meetings with networking and educational… Continue reading

The Bonneville Power Administration has named Rachel Dibble vice president of bulk marketing. 

Dibble has served as acting vice president of bulk marking since January 2022.
Dibble promoted at Bonneville Power Administration

The Bonneville Power Administration has named Rachel Dibble vice… Continue reading

Joel and Amanda Schipani have opened a take-out vegan restaurant, Rabbit Food.
Rabbit Food open in Port Angeles

Joel and Amanda Schipani have opened a take-out vegan… Continue reading

EYE ON BUSINESS: This week’s meetings

Breakfast meetings with networking and educational… Continue reading

Todd Ortloff Show guests this week

Here is this week’s schedule for the 1 p.m.… Continue reading

Annual co-op meeting scheduled

The Co-op Farm and Garden will host its 88th stockholder-member… Continue reading

Todd Ortloff Show guests this week

Here is this week’s schedule for the 1 p.m.… Continue reading

EYE ON BUSINESS: This week’s meetings

Breakfast meetings with networking and educational… Continue reading

Todd Ortloff Show guests this week

Here is this week’s schedule for the 1 p.m.… Continue reading

EYE ON BUSINESS: This week’s meetings

Breakfast meetings with networking and educational… Continue reading