Business Services Industry
Bonneville Power Administration Considers 'Safety-Net' Rate Increase.
Knight Ridder/Tribune Business News, November, 2002
The Seattle Times Knight Ridder/Tribune Business News
Nov. 22--The cash-strapped Bonneville Power Administration (BPA) may ask Northwest public utilities to pay more for wholesale power, with a decision about a rate increase due next year.
BPA's plight is outlined in a seven-page letter the agency's administrator Steve Wright is scheduled to release today.
The letter will discuss the prospects of a first-time "safety-net" rate increase intended to help BPA make good on debt owed to the U.S. Treasury, said agency spokesman Ed Mosey.
The BPA is reeling from the effects of the power crisis that rocked the West Coast during the winter of 2000-01, pushing wholesale electricity prices to unprecedented levels.
It had to buy...
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