Bureau or Account: Bonneville Power Administration
Funding amount: $10,000,000,000 (in borrowing authority)
Period of Availability: The obligation of additional borrowing authority shall not
exceed $6,000,000,000 by fiscal year 2028
Funding Mechanism: Borrowing Authority for Federal Expenditure at Discretion of BPA Administrator
New Program: No
Recipients: Entities That Assist in Implementing the Construction, Acquisition, And Replacement of The Federal Columbia River Power System
Description: Borrowing authority for the Bonneville Power Authority (BPA) to assist in the financing of the construction, acquisition, and replacement of the Federal Columbia River Power System. Requires BPA to issue an updated financial plan.
Eligible Uses: Financing of the construction, acquisition, and replacement of the Federal Columbia River Power System and implementation of the authority of the Administrator of the Bonneville Power Administration under the Pacific Northwest Electric Power Planning and Conservation Act.
Next Milestone: The Administrator must issue an updated financial plan by the end of Fiscal Year 2022 (i.e., September 30, 2022).