Name of Contractor at Bonneville Power Administration

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The Bonneville Power Administration's Record of Decision, dated October 31, 2008, establishes and clarifies the long-term policy for its regional dialogue contracts, governing power sales and services for the period post-2011 until Fiscal Year 2028. This policy addresses critical aspects such as tiered rate methodologies, customer resource management, renewable energy integration, transfer services, and dispute resolution. It aims to provide certainty for long-term load serving obligations and access to low-cost Federal power for regional customers.

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The Bonneville Power Administration (BPA) is offering Regional Dialogue contract customers a one-time option to terminate their election to serve Above-Rate Period High Water Mark (RHWM) Loads at the Tier 2 Load Growth rate. This opt-out, which was requested by Northwest Requirements Utilities, has been approved by BPA as it is consistent with the Tiered Rate Methodology and causes no cost shift concerns. Customers wishing to exercise this option must provide written notice to their BPA Power Services account executive by September 30, 2016, and sign a Regional Dialogue contract revision by March 31, 2017. This election change will impact service for the third Purchase Period (FY 2020-2024) and potentially future periods up to FY 2028. Customers who opt out can elect Tier 2 Short-Term rates or utilize non-federal resources for their Above-RHWM Load.

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The document primarily announces a landmark long-term power supply contract between Peninsula Light Co. and Bonneville Power Administration, ensuring reliable, affordable, and clean energy for PenLight members from October 2028 through September 2044. It also details PenLight's income-based assistance programs for its members, including discounts and a $250 annual bill credit, and provides other community-related announcements.

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This document outlines a Power Sales Agreement (Contract No. 26PS-25090) and a related Creditworthiness Agreement (Contract No. 26PS-45005) between the Bonneville Power Administration (BPA) and the City of Tacoma, Department of Public Utilities, Light Division ("Tacoma Power"). The Power Sales Agreement, effective from October 1, 2028, to September 30, 2044, details Tacoma Power's obligation to purchase "Slice/Block" power from BPA to meet its load requirements. The agreement specifies terms for power acquisition, pricing mechanisms (Tier 1 and Tier 2 rates), scheduling, delivery, billing, and creditworthiness requirements. The estimated annual cost of the Slice/Block product is $123 million per year in 2029 nominal dollars.