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News Release
Portland General Electric BPA Credit Adjustment to Lower Rates
May 13, 2002 (2002 - 012)
Contacts:  Roy Hemmingway, Chairman, 503 378-6611; Joan H. Smith, Commissioner, 503 378-6611; Lee Beyer, Commissioner, 503 378-6611; Bob Valdez, Public Information Officer, 503 378-8962
Salem, OR – The Oregon Public Utility Commission has decided to reduce rates effective May 8, 2002 for residential and small farm customers by $1.39 million dollars. The amount covers the period from April to September 2002 and is the result of an adjustment to the Bonneville Power Administration Subscription Power Credit.
For an average use residential customer, this adjustment will result in a rate reduction of approximately 0.4 percent. For average residential customers, assuming 1000 kWh usage per month, the monthly bill will fall by 35 cents, to $81.81.
The BPA rate adjustment is passed on to PGE customers because federal law allows BPA to adjust rates every six months to recover the cost of purchasing power. Since the BPA’s cost to buy power has decreased, rates will go down.
BPA is currently projecting an adjustment October 1 that would lead to a rate increase for PGE’s residential and small farm customers.
The BPA subscription credit exists because federal law (the Pacific Northwest Electric Power Planning and Conservation Act) requires that the costs and benefits of subscription power purchased from BPA be passed on to
eligible customers.