The Bonneville Power Administration completed its annual U.S. Treasury payment this week on time and in full.
The total payment was $950.6 million for fiscal year 2022.
This payment, along with actions taken as part of BPA’s 2022 Financial Plan, reinforces the agency’s financial strength and demonstrates the agency has met all of its financial commitments. This year’s payment to the U.S. Treasury includes $694.2 million in principal and $193.9 million in interest. The remaining $62.5 million covers a variety of other costs, including irrigation assistance that BPA provides to help irrigators repay their share of certain Bureau of Reclamation projects.
BPA is a self-financed power marketing administration that receives no annual appropriation funding from Congress. Instead, BPA recovers its costs primarily through the sale of electric power and transmission services.
Each year BPA pays back to the U.S. Treasury a portion of the taxpayers’ investment in the Federal Columbia River Power System, which includes the federal hydropower dams that produce renewable electricity and the transmission system. BPA sets its rates to maintain an annual 97.5% probability of making this payment.
