BPA and its FCRPS partners face growing investment requirements to replace and modernize aging infrastructure, add capacity to serve loads and integrate new generating resources, and fulfill regional commitments for energy efficiency and fish and wildlife restoration. At the same time, BPA's access to low cost sources of capital is constrained.
BPA lacks an agency-wide method to prioritize diverse investments. A systematic, value-based method for prioritizing capital investments across business units is a leading practice among top performing utilities.
BPA proposed developing a method for prioritizing investments during the 2012 Capital Investment Review (CIR). Two workshops were held to discuss alternative approaches and a timeline. Stakeholders then submitted comments and recommendations for BPA's use in developing its methodology. BPA carefully reviewed the stakeholder comments and is considering them as it develops its agency-wide prioritization process.