American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law
by President Obama Feb. 17, 2009. It is an unprecedented effort to jumpstart our economy,
create or save millions of jobs and put a down payment on addressing long-neglected
challenges so our country can thrive in the 21st century. The Recovery Act is an extraordinary
response to a crisis unlike any since the Great Depression. It includes measures to
modernize our nation's infrastructure, enhance energy independence, expand educational
opportunities, preserve and improve affordable health care and provide tax relief.
Learn more about what the Recovery Act means for BPA
Borrowing Authority
The Recovery Act provides BPA with a $3.25 billion increase in Treasury
Borrowing Authority under the Transmission System Act, thereby increasing the
total amount of bonds that may be outstanding at any one time to $7.7 billion.
Recovery Act Projects
McNary-John Day 500-kilovolt transmission line
The $343 million project creates 100 to 200 well paying construction jobs at its
peak. When energized in early 2012, the line will allow BPA to provide
transmission service to 575 megawatts of new wind energy. Work on the project
started in July 2009. (Learn more)
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Recovery.gov is a Web site
that lets you, the taxpayer, figure out
where the money from the American Recovery and Reinvestment Act is going.
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Energy.gov/recovery is a Department of Energy recovery Web site that shows
specifically how recovery money is being used in the energy sector.
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