Common Contracts
1 similar Program Settlement Agreement contracts
RESIDENTIAL EXCHANGE PROGRAM SETTLEMENT AGREEMENT WITH CLARK PUBLIC UTILITIESProgram Settlement Agreement • February 13th, 2006
The Bonneville Power Administration (BPA) was created in 1937 to market electric power generated at Bonneville Dam, and to construct and operate facilities for the transmission of power. 16 U.S.C. § 832-832l. Since that time, Congress has directed BPA to market power generated at additional facilities. Id. § 838f. Currently, BPA markets power generated at thirty Federal hydroelectric projects, and several non-Federal projects. BPA also owns and operates approximately 80 percent of the Pacific Northwest’s high-voltage transmission system. In 1974, BPA became a self-financed agency that no longer receives annual appropriations. Id. § 838i. BPA’s rates must therefore produce sufficient revenues repay all Federal investments in the power and transmission systems, and to carry out BPA’s additional statutory objectives. See id. §§ 832f, 838g, 838i, and 839e(a).
