BPA adopts higher wholesale power and transmission rates
For transmission customers, the first rate increase in six years averages 11 percent higher than current rates. The transmission rate increase stems from a growing construction program driven by the need to repair and replace aging infrastructure and increase spending on mandatory compliance and security requirements. An average of $20 million per year in financial reserves will be used to offset part of the rate increase.
Wholesale power and transmission rates are developed every two years through a formal rate-setting process with BPA’s utility customers and other stakeholders. The process began in November when BPA announced its rate proposals for fiscal years 2014 and 2015.