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Annual Reports

Fiscal Year 2017 Annual Report

Past years 

For fiscal year 2017, BPA had total operating expenses of $2.98 billion with total operating revenues of $3.57 billion. Adjusted net revenues, or ANR, was $5.4 million. Power Services modified net revenues, or PMNR, was negative $85 million, which is lower than rate-case expectations largely due to reduced revenues from lower preference and industrial loads, surplus sales and U.S. Treasury credits. Transmission Services’ net revenues of $90.5 million were better than anticipated and driven by lower-than-expected expenses.

Background Information

The submission of Bonneville Power Administration’s (BPA) Annual Report fulfills the reporting requirements of the Grand Coulee Dam - Third Powerplant Act, Public Law 89-448. BPA’s Annual Report is a summary of our financial position and performance for the fiscal year for use by ratepayers, power customers, financial markets, and other constituent groups. The entity reported in our Audited Financial Statements is the Federal Columbia River Power System (FCRPS). The FCRPS financial statements combine the accounts of BPA with the accounts of the Pacific Northwest generating facilities of the U.S. Army Corps of Engineers and the Bureau of Reclamation.
The FCRPS combined financial statements also include the operations and maintenance costs of the U.S. Fish and Wildlife Service for the Lower Snake River Compensation Plan facilities. Consolidated with BPA are variable interest entities of which BPA is the primary beneficiary, and from which BPA leases certain transmission facilities. As of Sept. 30, 2017, and 2016, BPA had consolidated one and two such VIEs, respectively. For a more complete explanation of the FCRPS, please refer to Note 1 of the Audited Financial Statements.
Frequency of Posting: Annual
POC: Kevin Owen, FRS
File format: PDF