Pieces
|
Goals/Products
|
Necessary Components
|
|
Cost Control
|
Bonneville able to meet or beat market prices;
eliminate or at least minimize transition costs |
- Specific cost reduction recommendations for meeting a range of
market conditions
- Accountabilities for implementation
|
|
Fish and Wildlife MOA
|
Establish Bonneville’s fish and wildlife
obligations for the 2001 – 2006 time frame |
- Capital costs
- River operations
- Annual revenue requirement
- Accountability
|
|
Transition Cost Recovery
|
Contingent mechanism for allocating costs that
Bonneville cannot otherwise recover among customers, Treasury and means of
recovering customers’ share |
Principles<-->Options<-->Proposal
- How transition costs determined and by whom
- Allocation between customers and treasury, among customers
- How recovered
|
- Cost control
- Fish & Wildlife MOA
- River Governance
|
Subscription
|
Bonneville power products fully contracted for
at least the 2001-2006 period |
- Product/service definition: simple vs. complex (e.g., building
blocks vs. tailored)
- Business relationship definition: umbrella contract vs. no
overarching relationship (e.g., specific definition of ongoing
relationship vs. definition in current law only), one vs. several
types
- Price
- Contracts: product, business relationship, terms & conditions,
risk allocation, price
|
- Cost control – affect price, customer confidence
- F&W MOA – affect price, risk
- Transition cost recovery obligations – define exposure for
customers; Treasury; Necessary part of legislative package.
- River governance – affects perception of long term financial risk
|
| Transmission Separation |
- A transmission system that facilitates an efficient, reliable
competitive electricity market
- Maintain Bonneville’s ability to meet its financial obligations
for third party debt, fish and wildlife and treasury
|
- Legislation or administrative changes to legally separate Bonneville’s
transmission and power marketing activities into distinct entities
- Alternative forms of structure and governance?
- Regulation of Bonneville’s transmission by FERC under standards
equivalent to those used to regulate investor-owned utilities
- Where is it appropriate for FERC regulation of Bonneville to
differ from its regulation of IOUs?
- Impacts of FERC regulation of Bonneville on different groups of
customers?
- Legislation to permit Bonneville participation in independent grid
operator
- Impacts on Bonneville’s current transmission customers
|
- Transition cost recovery – provide assurance to third parties
creditors, Treasury
|
| River Governance |
Establish how and by whom decisions about
future river operations and system configuration are to be made |
|
|
