Administrator Elliot Mainzer has issued a response to an inaccurate article by Greenwire, a division of E&E News, to correct the record on BPA’s financial health.
In his response, Mainzer says BPA has made great strides in recent years to address competitive pressures in the power market and sustain financial health.
“I was deeply disappointed to read the mischaracterizations in Greenwire’s Sept. 3 article on the issues facing BPA and the Pacific Northwest. The article painted a grossly inaccurate picture of BPA’s current financial condition and failed to acknowledge the steps that Bonneville and its key partners are taking to ensure BPA remains the power provider of choice for its public power customers.”
Contrary to the article, BPA is in very sound financial condition with investment-grade credit ratings from the three major ratings agencies. BPA continues to take steps to further improve its position through the fulfillment of a strategic plan the agency developed to address the very challenges discussed in the article.
Greenwire has updated the original article with a link to Mainzer’s full response, which you can read below.