BPA is proposing that $165.4 million of the $285.4 million Power RDC Amount would reduce rates in FY 2024 through a Power Dividend Distribution. A Dividend Distribution would result in a credit that is applied to December 2023 through September 2024 customer bills.
Power Dividend Distribution: The preliminary FY 2024 non-Slice rate credit is $4.34 per megawatt-hour for the last 10 months of the fiscal year (equivalent to an annual reduction of $3.64 per megawatt-hour). This would reduce the average non-Slice rate by 11.20% compared to the BP-24 Final Proposal. The Power DD credit rate is calculated in accordance with the BP-24 Power Rate Schedules and General Rate Schedule Provisions (GRSP section II.P.2) and would be used to bill PF and IP customers. The rate would also adjust the December 2023 – September 2024 PF Tier 1 Equivalent energy rates.