Financial Highlights: Federal Columbia River Power System for the Fiscal Year Ended September 30, 1987: Financial Summary.

Technical Report · Sun May 01 04:00:00 EDT 1988

OSTI ID:6813283

The financial conditions experienced by BPA during 1987 included: one of the worst water years in a century---the tenth lowest water runoff in 62 years of record---that caused curtailment of surplus energy sales and commensurate revenue declines for six months (from February through August); extra-regional demands for access to low-cost BPA power; tougher competition from inside and outside the region with continuing surpluses of electricity and other energy; an unusually mild climate year and reduced demand for electricity; and mounting customer dissatisfaction over BPA rates, and concerns about future rate stability. Revenues of $1674 million in 1987 were down $114 million from 1986 revenues of $1788 million. They were $371 million below planned revenues for the year based on rates set in 1985. Prompt and effective management action was required to ensure BPA's scheduled payments to the US Treasury.

• Research Organization: Bonneville Power Administration, Portland, OR (USA)
• OSTI ID: 6813283
• Report Number(s): DOE/BP-947; ON: DE89001542
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
296000 -- Energy Planning & Policy-- Electric Power
298000* -- Energy Planning & Policy-- Consumption & Utilization
ACCOUNTING
BONNEVILLE POWER ADMINISTRATION
DATA
Electric power - Northwest
Pacific - Statistics
FINANCIAL DATA
HISTORICAL ASPECTS
INFORMATION
NATIONAL ORGANIZATIONS
POWER DISTRIBUTION
POWER DISTRIBUTION SYSTEMS
US DOE
US ORGANIZATIONS