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As part of the Pacific Northwest Electric Power Planning and Conservation Act (Northwest Power Act), the Residential Exchange Program (REP) was created to provide residential and small farm customers of Pacific Northwest (regional) utilities a form of access to low-cost Federal power. Under the REP, BPA "purchases" power from each participating utility at that utility's Average System Cost (ASC). The Administrator then offers, in exchange, to "sell" an equivalent amount of electric power to the utility at BPA's PF Exchange rate. The amount of power purchased and sold is the qualifying residential and small farm load of each utility participating in the REP. These benefits are passed on to the residential and small farm customers of the utility.
BPA, in collaboration with interested parties in the region, reviewed and updated the
1984 Average System Cost Methodology
in recognition of changes in energy markets and/or policy decisions over the past 20 years. The result was the publication and implementation of the 2008 ASC Methodology (2008 ASCM) in June, 2008. BPA received final approval from the Federal Energy Regulatory Commission on the
2008 ASCM (18 CFR Part 301, Sales of Electric Power to the Bonneville Power Administration; Revisions to Average System Cost Methodology) effective September 15, 2009.
Utility ASCs are not determined in BPA rate proceedings. Instead, ASCs are determined in a separate administrative process that BPA conducts pursuant to the procedural rules of the 2008 ASC Methodology. Utility ASCs, once established in the ASC Review Process, are one component used by BPA in the rate proceeding to determine individual utility REP benefits.
REP-12 Proceeding
BPA conducted the REP-12 proceeding to review the terms and conditions of a long-term settlement of issues regarding the implementation of the Residential Exchange Program (2012 REP Settlement). This proceeding concluded with the Administrator’s issuance of a Final Record of Decision (ROD) on July 26, 2011 which reflected his decision to adopt the 2012 REP Settlement.
FY 2012-2013 ASC Review Process
The FY 2012-2013 ASC Review Process concluded July 26, 2011 with the issuance of the FY 2012-2013 Final ASC Reports. Background information and ASC determinations for each utility are found at FY 2012-2013 Final ASC Reports.
REP Compliance Review Program
BPA is accountable for ensuring the benefits provided through the REP are distributed to the eligible utility’s residential and small farm customers correctly and in a timely manner. To complete this responsibility, BPA developed the Compliance Review Program to gain assurance the utility’s systems, procedures, and internal controls surrounding the invoicing of monthly REP loads to BPA are adequate, accurate, and working properly.
As part of that program, BPA developed the REP Invoicing Business Policy, Agreed-Upon Procedures (an Exhibit in the RPSA and REPSIA), and Load Eligibility Guidelines. The Compliance Review Program was implemented in January, 2011.
BPA-12 Rate Case
ASCs for the FY 2012-2013 Exchange Period were determined in the FY 2012-2013 Review Processes. The PF Exchange Rates for REP-participating utilities are listed below. The PF Exchange Rate is comprised of a base PF Exchange Rate of $43.06/mWh plus a utility-specific 7(b)(3) supplemental rate charge. For additional information see the BP-12 Power Rate Schedules and General Rate Schedule Provisions and BPA’s 2012 Rate Proceeding (BPA-12 rate case). The ASCs and the PF Exchange Rates, below, were updated on November 1, 2011.
http://www.bpa.gov/Power/PSP/rates/current.shtml
Investor-Owned Utilities |
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ASC |
Base PF Exchange Rates |
7(b)(3) Surcharge |
PF Exchange Rates |
Avista |
57.46 |
43.06 |
11.37 |
54.4340 |
Idaho Power |
45.79 |
43.06 |
3.23 |
45.4565 |
North Western |
55.35 |
43.06 |
7.76 |
50.8164 |
PacifiCorp |
60.51 |
43.06 |
13.80 |
57.1129 |
Portland General |
68.48 |
43.06 |
18.79 |
61.8511 |
Puget Sound Energy |
66.07 |
43.06 |
16.78 |
59.8419 |
Consumer-Owned Utilities |
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Base Tier 1 PF Exchange
Rates |
7(b)(3) Surcharge |
PF Exchange Rates |
Clark Public Utilities |
59.44 |
43.03 |
10.73 |
53.75 |
Snohomish PUD |
46.67 |
43.03 |
2.38 |
45.41 |
Rate Directive Step. Calculation of Settlement Utility Specific PF Exchange Rates (updated November 1, 2011)
Test Period October 2011 – September 2013
Contact Information
Julia Shaughnessy, Acting Residential Exchange Program Manager
503-230-7443
jmshaughnessy@bpa.gov
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Finance & Rates
