Portland, Ore. - The Bonneville Power Administration 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 extended history of on time and in full payments underscores BPA's financial stability. It also represents an ongoing, substantial return to U.S. taxpayers, who originally invested in the region's federal dams, energy efficiency, fish and wildlife mitigation, and transmission infrastructure. BPA’s annual payments primarily comprise principal and interest on the federal investment.
"BPA's record of payments reflects our conservative approach to fiscal management, and is a clear indicator that BPA is financially stable,” said Steve Wright, BPA administrator. “The agency’s staff and our customers have helped build this foundation over time and that has helped us weather yet another tough financial year caused by low water and poor economic conditions."