Regional Electric Utilities Propose Roadmap for BPA Aimed at Ensuring Reliability, Stabilizing Rates -- Joint Northwest Utility Customer Proposal Group.Business Editors SEATTLE--(BUSINESS WIRE)--Sept. 23, 2002 The region's leading public and investor owned utilities have joined to propose an innovative plan for the Bonneville Power Administration The Bonneville Power Administration (BPA) is a U.S. self-financed federal agency which transmits and sells wholesale electricity in Washington, Oregon, Idaho, and western Montana. The BPA is part of the U.S. Department of Energy, and is headquartered in Portland, Oregon. (BPA BPA British Paediatric Association. ), aimed at maintaining a sufficient and affordable power supply for the region over the next 20 years. The group will present its proposal at four upcoming public meetings with the BPA and the Northwest Power Planning Council. The meetings are scheduled to seek comments on how BPA will distribute the benefits of the federal hydropower hy·dro·pow·er n. Hydroelectric power. system after 2006. "BPA continues to be an invaluable asset for Northwest citizens and our region's economy," said Patrick Reiten, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. PNGC PNGC Plano Nacional de Gerenciamento Costeiro PNGC Pacific Northwest Generating Cooperative PNGC Portsmouth Naval Gliding Club (United Kingdom) Power. "Our proposal protects this resource, ensuring that the federal hydroelectric system benefits are maintained and fairly allocated among consumers over the long-term." More than a year in the making, the proposal marks an unprecedented degree of cooperation among numerous public and private interests -- often split by conflicting interests -- in resolving regional energy issues "This plan is the product of nearly every utility in the Northwest," said Bill Gaines, vice president Power Supply for Puget Sound Energy Puget Sound Energy (PSE) is an energy company providing electrical power and natural gas in the Puget Sound region of the northwest United States. It serves electrical power to over 1 million customers in Island, Jefferson, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and . "It essentially takes BPA out of the market as a large buyer and seller of energy, minimizing regional price swings. In addition, the creation of stable 20-year contracts with customers increases the likelihood that BPA can make payments to the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. for system debt which, in turn, protects this regional resource from outside interests."
Joint Customer Proposal Presented at Following Meetings:
(Open House at 6 p.m.; Public Meetings start at 6:45 p.m.)
Tuesday, Sept. 24 Thursday, Sept. 26
Spokane, WA Boise, ID
Spruce Room Regency Room
DoubleTree Spokane Valley Owyhee Plaza
1200 N Sullivan 1109 Main St.
Wednesday, Sept. 25 Monday, Sept. 30
Seattle, WA Portland, OR
Olympus Room Room 122
Mountaineers Building BPA Headquarters
300 Third Ave. West 905 NE 11th Ave.
The customer proposal establishes mechanisms to enhance funding for conservation and renewable energy programs, both of which are important to the region's utilities. At the same time, the joint customer plan creates no additional risk for U.S. taxpayers or the U.S. Treasury. The four public meetings are part of an initial public process being held by BPA to help plan the future of the federal power marketer. BPA plans to gather comments and ideas at these meetings from a range of BPA customers, constituents and other interested parties. BPA then will develop a draft proposal, which will be presented during a subsequent public process. The agency expects to make a final policy decision on post-2006 service by next spring. The follow public information officers can also provide information regarding this proposal. Loren Baker, Power Resource Managers, Bellevue, Wash. - 425/451-9123 Hugh Imhof, Avista, Spokane, Wash. - 509/495-4264 Dave Kvamme, PacifiCorp, Portland, Ore. - 503/813-7279 Dennis Lopez, Idaho Power, Boise, Idaho, - 208/388-2464 Neil Neroutsos, Snohomish County PUD PUD abbr. peptic ulcer disease Peptic ulcer disease (PUD) A stomach disorder marked by corrosion of the stomach lining due to the acid in the digestive juices. , Everett, Wash. - 425/783-8444 Grant Ringel, Puget Sound Energy, Bellevue, Wash. - 425/462-3181 Bob Royer, Seattle City Light Seattle City Light is the public utility providing electrical power to Seattle, Washington and parts of its metropolitan area, including all of Shoreline and Lake Forest Park and parts of unincorporated King County, Burien, Normandy Park, Seatac, Renton, and Tukwila. , Seattle, Wash. - 206/615-0050 Scott Simms, Portland General Electric This article is not to be confused with PG&E, a San Francisco, California-based utility company Portland General Electric (PGE) (NYSE: POR) is an electrical utility, formerly owned by the Houston-based Enron Corporation (but now independent), that distributes electricity to , Portland, Ore., 503/464-7342 Kathi VanderZanden, PNGC Power, Portland, Ore. - 503/288-5561 Rob Walton, Public Power Council, Portland, Ore. - 503/232-2427 |
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