BPA $500M surplus to be returned to ratepayers

By Taxpayers Association of Oregon Foundation

Higher prices for power and surplus electricity generated by the federal hydropower system, including Bonneville Power Administration, brought $500 million more into federal coffers, the bulk of which will be returned to ratepayers. BPA Administrator John Hairston supported recommendations from staff to use $350 to lower rates for customers, put $100 million debt reduction, and set aside $50 for fish and wildlife programs.

The rate reduction comes after in times past, BPA had multiple consecutive years of rate increases.

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