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.
