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Financial Choices
Previous Announcements


November 22, 2002 - BPA Response to Public Comments: BPA issued today a letter from the Administrator and Chief Executive Officer, Steve Wright (PDF, 7 pages, 325 kb), closing out the Financial Choices public process. This letter announces BPA's plan for meeting the agency's financial challenges through the remainder of the rate period. The plan takes into consideration the thousands of comments received from private citizens, customers, constituents, tribes and others during the financial choices public process - most of which were concerned about the near-term rate impacts. The call on whether the Safety Net CRAC will trigger in FY 2003 is very close. The administrator has decided to wait until more information is available. After the first of the year -- once we have a better picture of water and market conditions -- we will provide a further report of BPA's financial condition and revisit a decision about whether or not to trigger the Safety Net rate adjustment.

September 27, 2002 - Financial Choices Workshops Completed: BPA held three Financial Choices Workshops in September (see September 3rd, 9th, and 16th announcements below for workshop handouts including updates). Electronic versions of the September 17 Workshop Follow-Up Q&A and attachment are also now available:

September 16, 2002 - Handouts for Third Workshop: BPA is holding its third Financial Choices Workshop on Tuesday, September 17 at 9:00 a.m. in the BPA Rates Hearing Room (see August 28 announcement below). Electronic versions of the handouts for the third workshop are now available (see links below). To participate by telephone, call Cain Bloomer at (503) 230-7443 or Cynthia Jones at (503) 230-5459 to be connected to the conference bridge.

September 9, 2002 - Updated Workshop Agendas and Handouts for Second Workshop: BPA is holding its second Financial Choices Workshop on Tuesday, September 10 in the BPA Rates Hearing Room (see August 28 announcement below). Electronic versions of the updated agendas and handouts for the second workshop are now available (see links below). To participate by telephone, call Cain Bloomer at (503) 230-7443 or Cynthia Jones at (503) 230-5459 to be connected to the conference bridge.

September 4, 2002 - Notes from Heyburn Public Meeting: BPA held the sixth (final) public meeting on Financial Choices in Heyburn (Burley), Idaho on August 28th. Notes from the Heyburn (Burley) meeting (PDF, 9 pages, 42 kb) are now available. Remember, BPA will be accepting comments on financial approaches through September 30, 2002. See the July 2, 2002, announcement below for information on how to submit comments.

September 3, 2002 - Workshop Agendas and Handouts for First Workshop:  BPA is holding its first Financial Choices Workshop on Wednesday, September 4 in the BPA Rates Hearing Room (see August 28 announcement below). Electronic versions of the workshop agendas and handouts for the first workshop are now available (see links below). To participate by telephone, call Cain Bloomer at (503) 230-7443 or Cynthia Jones at (503) 230-5459 to be connected to the conference bridge.

September 3, 2002 - Notes from Seattle and Spokane Public Meetings:   BPA held two Financial Choices public meetings in Seattle on August 20 and one meeting in Spokane on August 21. Notes from those meetings are now available: Seattle meeting notes (PDF, 20 pages, 88 kb), Spokane meeting notes (PDF, 12 pages, 51 kb). Notes from the meeting held in Heyburn, Idaho, on August 28 will be posted as soon as they are available. BPA will be accepting comments on financial approaches through September 30, 2002. See the July 2, 2002, announcement below for information on how to submit comments.

August 28, 2002 - Financial Choices Workshops Scheduled on September 4, 10, & 17:  In response to requests received at the SN CRAC workshop on August 22nd, BPA has scheduled a series of Financial Choices workshops. These sessions will provide additional technical detail supporting the Financial Choices process now underway. The first workshop is scheduled on Wednesday, September 4, 2002, at 11 AM, following the FB CRAC workshop on the same day. Details about these Financial Choices workshops, including topics to be covered and dates, are provided in a letter signed by Byron Keep dated August 27, 2002 (PDF, 23 kb). All of the workshops will be held in BPA's Rates Hearing Room. For additional information, contact Chuck Maichel at 503-230-7496.

August 26, 2002 - Notes from Portland Public Meetings:  BPA held the first two public meetings on Financial Choices in Portland, Oregon, on August 15, 2002. Notes from each of the Portland meetings (PDF, 18 pages, 79 kb) are now available. Notes from the other public meetings will be posted as they become available. BPA will be accepting comments on financial approaches through September 30, 2002. See the July 2, 2002, announcement below for information on how to submit comments.

July 24, 2002 - Notice of Public Meetings:  On July 2nd, BPA opened public comment on financial and program options for managing FY2003 through FY2006. Today, BPA issued a Notice of Public Meetings (PDF, 19 kb) announcing six public meetings to be held in Portland, Seattle, Spokane and Burley to discuss financial choices. A paper copy of this notice is being mailed to interested parties. Public comment will be accepted through September 30, 2002.

July 2, 2002 - Financial Choices for the Region FY 2003 - 2006:  BPA announced today it is opening public comment on a variety of financial and program options for FY 2003-2006. Earlier this year, BPA sent letters to the region describing the difficult financial circumstances BPA is now facing (see earlier announcements dated April 3 and May 2, 2002). There is also a strong potential for poor financial results into the future absent significant action. Today's letter from Administrator Steve Wright (PDF, 2 pages, 32 kb) sets the stage for this public process. A separate letter was also issued today from Paul Norman, Senior Vice President for the Power Business Line. The letter from Paul Norman (PDF, 11 pages, 427 kb) provides a list of key questions (value choices) and several financial alternatives we are asking the region to consider. A public comment period is now open through September 30, 2002. The Paul Norman letter includes information on how to submit comments, including a new e-mail address: financialchoices@bpa.gov. Public meetings will be scheduled later this summer. As soon as the meeting information is available, it will be mailed to the region and posted to this website.

May 2, 2002 - BPA issued a letter (PDF, 12 pages, 95 kb) today from Paul Norman, Senior VP, Power Business Line (PBL), describing the PBL's current plan to minimize power rates and the actions BPA is taking to reduce expenses. Please contact your PBL Account Executive or BPA Constituent Account Executive with questions or comments.   [Note: The May 2nd letter was updated and re-posted here on May 9, 2002, to correct the last sentence of Item 36 in Attachment 3.]

April 3, 2002 - BPA has released a letter (PDF, 8 pages, 423 kb) from the Administrator, Steve Wright, to customers and citizens of the Pacific Northwest, explaining BPA's financial situation and the impact on power rates. A related BPA News Release (PR 46 02) was also issued today.

 
 

 
Archive of content originally provided by:  Val Roadman, BPA Power Business Line.
Content currently provided by:  Power Financial Management, Rates, and Planning - PF.
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