Bonneville Power Administration
Emergency Messages as of 1:18 pm, Fri. Oct. 15
No information currently posted.
Subscribe to receive FlashAlert messages from Bonneville Power Administration.
Primary email address for a new account:

  


Manage my existing Subscription

News Releases
BPA makes 38th consecutive U.S. Treasury payment - 10/05/21

PR 15-21

BONNEVILLE POWER ADMINISTRATION
FOR IMMEDIATE RELEASE: Tuesday, October 5, 2021
CONTACT: Kevin Wingert, 971-207-8390
or 503-230-5131

BPA makes 38th consecutive U.S. Treasury payment


Portland, Oregon – The Bonneville Power Administration made its 38th consecutive U.S. Treasury payment Oct. 5, on time and in full. This year’s $1.05 billion payment brings BPA’s cumulative payments to the Treasury to more than $32 billion since 1984.

This payment, along with actions taken as part of BPA’s Financial Plan, reinforces the agency’s financial strength and demonstrates the agency has met all of its financial commitments. This year’s payment to the U.S. Treasury includes $806 million in principal and $187 million in interest. The remaining $56 million covers a variety of other costs, including irrigation assistance that BPA provides to help irrigators repay their share of certain Bureau of Reclamation projects.

“I am pleased to announce our 38th consecutive annual treasury payment,” said Marcus Harris, BPA’s chief financial officer. “In the face of challenges such as Northwest wildfires, severe weather and an ongoing pandemic, BPA’s operational and financial position remain strong as we close out this period and begin a new fiscal year and rate cycle.” 

Fiscal year 2021 brought the start of the next phase of the Regional Cooperation Debt program, a multiyear collaboration with Energy Northwest that allows for the extension of low-cost debt. While the first phase of the program focused on repaying high interest federal appropriations, this phase focuses on repaying federal bonds to replenish revolving Treasury borrowing authority.  This year, Regional Cooperation Debt was extended, allowing for the early amortization of a like amount of $332 million in U.S. Treasury bonds. 

BPA is a self-financed power marketing administration that receives no annual appropriation funding from Congress. Instead, BPA recovers its costs primarily through the sale of electric power and transmission services. 

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 that produce renewable electricity and the transmission system. BPA sets its rates to maintain an annual 97.5% probability of making this payment. 

About BPA

The Bonneville Power Administration, headquartered in Portland, Oregon, is a nonprofit federal power marketer that sells wholesale, carbon-free hydropower from 31 federal dams in the Columbia River Basin. It also markets the output of the region’s only nuclear plant. BPA delivers this power to more than 140 Northwest electric utilities, serving millions of consumers and businesses in Washington, Oregon, Idaho, western Montana and parts of California, Nevada, Utah and Wyoming. BPA also owns and operates more than 15,000 circuit miles of high-voltage power lines and 261 substations, and provides transmission service to more than 300 customers. In all, BPA provides nearly a third of the power generated in the Northwest. To mitigate the impacts of the federal dams, BPA implements a fish and wildlife program that includes working with its partners to make the federal dams safer for fish passage. It also pursues cost-effective energy savings and operational solutions that help maintain safe, affordable, reliable electric power for the Northwest. www.bpa.gov 

###

 

 

BPA aligns people and strategy functions to drive its culture and competitiveness - 09/22/21

PR 13-21                                                                                                      BONNEVILLE POWER ADMINISTRATION
                                                            FOR IMMEDIATE RELEASE: Wednesday, Sept. 22, 2021
                                                                                       CONTACT: Maryam Habibi, 503-230-4413
                                                                                                                                            or 503-230-5131

BPA aligns people and strategy functions to drive its culture and competitiveness 
New organization enhances strategic capabilities and workplace culture efforts

 

Portland, Ore. – The Bonneville Power Administration’s executive structure is changing. The realignment by Administrator and CEO John Hairston will strengthen the agency’s strategic capabilities and enhance its commitment to its workforce. 

The move recognizes ongoing challenges posed by the pandemic and concerns about workers’ mental health and wellbeing. It also comes as BPA prepares to refresh its agency strategy and negotiate new long-term wholesale power contracts with its public utility customers. 

“The Northwest depends on BPA to deliver reliable, affordable, carbon-free power every day. That job is only getting more and more complicated,” said Hairston. “It’s just good business to ensure we do all we can to attract and retain the best talent, and to provide a workplace that drives employee satisfaction and productivity. That’s the best way to ensure we succeed in performing our public service mission, meeting our responsibilities and providing excellent service to our customers.”   

Dan James, who joined BPA’s leadership team in 2016 as deputy administrator, will now direct the agency’s new Workforce and Strategy Office.

“Dan brings passion and compassion to our people and cultural awareness efforts, as well as a breadth of strategic planning experience,” said Hairston. “As our new chief workforce and strategy officer, he will ensure we’re effectively planning and executing our strategies and boosting our employee recruitment, retention and diversity and inclusion efforts.”

The realignment brings the agency’s people-related and strategy functions into the same executive portfolio and refocuses the deputy administrator role. BPA’s Workforce and Strategy Office will include the agency’s existing communications, human resources, and Civil Rights and Equal Employment Opportunity organizations. The agency will also add two new organizations:  

  • The new Technology Innovation and Strategy Office will bring together strategic planning, technology research and development programs. Staff in this new office will report to the deputy chief workforce and strategy officer, Shana Kuhn. Kuhn, who recently served as chief supply chain officer, was selected as the first deputy chief workforce and strategy officer.
  • The new Culture Office will focus on the agency’s culture strategy, employee engagement, and diversity and inclusion functions. The new organization will be overseen by a new chief culture officer.

“People and intellectual and social capital are all essential elements of BPA’s competitiveness,” said Chief Workforce and Strategy Officer Dan James. “I’m excited to lead this new organization and support our strategic and workplace goals to ensure BPA’s success in a fast-changing industry and dynamic job market.” 

Under the new structure, the agency’s government affairs and compliance, audit and risk functions will now report to the administrator.

BPA’s chief operating officer will continue to advise on mission operations and the chief administrative officer will continue to oversee the agency’s support and business services missions, including BPA’s industry leading Safety organization. The new organizational changes go into effect on Sept. 26.

 

About BPA

The Bonneville Power Administration, headquartered in Portland, Oregon, is a nonprofit federal power marketer that sells wholesale, carbon-free hydropower from 31 federal dams in the Columbia River Basin. It also markets the output of the region’s only nuclear plant. BPA delivers this power to more than 140 Northwest electric utilities, serving millions of consumers and businesses in Washington, Oregon, Idaho, western Montana and parts of California, Nevada, Utah and Wyoming. BPA also owns and operates more than 15,000 circuit miles of high-voltage power lines and 261 substations, and provides transmission service to more than 300 customers. In all, BPA provides nearly a third of the power generated in the Northwest. To mitigate the impacts of the federal dams, BPA implements a fish and wildlife program that includes working with its partners to make the federal dams safer for fish passage. It also pursues cost-effective energy savings and operational solutions that help maintain safe, affordable, reliable electric power for the Northwest. www.bpa.gov 

###