BPA Makes Annual Treasury Payment
BPA Journal, November 2010
BPA made its 27th consecutive annual payment to the U.S. Treasury -- a total of $864.1 million for fiscal year 2010, which ended Sept. 30. This history of on time and in full payments underscores BPA's financial stability.
BPA's principal source of capital financing is $7.7 billion in borrowing authority -- basically a line of credit -- with the U.S. Treasury. BPA uses its Treasury borrowing authority to finance high-voltage transmission, federal hydropower system upgrades, energy efficiency investments, and fish and wildlife projects.
BPA is a self-financed agency that covers its costs with revenues from Northwest ratepayers and others who purchase its wholesale power and transmission products and services. BPA receives no annual appropriations from Congress, and the agency repays borrowing from taxpayers with interest. As part of its fiscal management, BPA has focused on maintaining appropriate reserves to ensure its ability to make its Treasury payments even during economic downturns and low water conditions.
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