QUARTERLY BUSINESS REVIEW - Bonneville Power ...

QUARTERLY

BUSINESS REVIEW

May 10, 2022

w w w . b p a . g o v / a b o u t / f i n a n c e / q u a r t e r l y - b u s i n e s s - r e v i e w

B O N N E V I L L E P O W E R A D M I N I S T R A T I O N

QBR INTRODUCTIONJoel Scruggs, COMMUNICATIONS DIRECTOR

S L I D E 2B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | J O E L S C R U G G S

KEY PERFORMANCE INDICATORSJohn Hairston, ADMINISTRATOR and CEO

S L I D E 3B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | J O H N H A I R S T O N


KPI & KSI DASHBOARD

S L I D E 4

Key Strategic Initiatives:Key Performance Indicators:

B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | J O H N H A I R S T O N

NMC: update all – assume DK pulls the info from the QFM and other pkgs.

Q2 results are unavailable; results shown here are from Q1

Q2 results are not available; results shown are from Q1.


FINANCEMarcus Harris, CHIEF FINANCIAL OFFICER

B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | M A R C U S H A R R I S S L I D E 5


KPI DASHBOARD

S L I D E 6B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | M A R C U S H A R R I S


AGENCY NET REVENUES

B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | M A R C U S H A R R I S S L I D E 7

566

-18

5

178

-5 -30

436

0

100

200

300

400

500

600

Rate case IPR expense Depreciation,Amortization &

Accretion

Net interestexpense

Other expense OperatingRevenues

FY22 Q2 Forecast

FCRPS net revenuein millions of dollars


$1,295 $1,303

$1,362

$2,793

$1,388

$3,177

Expense Revenues

0

1000

2000

3000

Total expense and revenuein millions of dollars

BP-22 Rate Case Q2 Forecast

Non-IPR

IPR

POWER FINANCIAL PERFORMANCE


Total $2,691Total $2,657


TRANSMISSION FINANCIAL PERFORMANCE


$511 $521

$607

$1,163

$597

$1,199

Expense Revenues

0

500

1000

1500

Total expense and revenue in millions of dollars

BP-22 Rate Case Q2 Forecast

Non-IPR

IPR

Total $1,118Total $1,118


S L I D E 1 0

AGENCY CAPITAL EXPENDITURES

*Includes Fed Hydro, Power IT, and Facilities (Power portion) ** $30 million of Transmission’s $82 million variance to rate case is due to customer driven Projects Funded in Advance (PFIA)

B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | M A R C U S H A R R I S

887

43

82

21

8

0 18

10

751

0

100

200

300

400

500

600

700

800

900

1000

Rate Case Power* Transmission** F&W Corporate FY22 Q2 Forecast

FCRPS capitalin millions of dollars


S L I D E 1 1

FINANCIAL RESERVES THRESHOLDS

*Thresholds are triggered using the official end of year Reserves For Risk actuals. Please view the QBR Technical Workshop materials for additional information

B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | M A R C U S H A R R I S

196 210 156Days Cash


OTHER FINANCIAL UPDATES

S L I D E 1 2B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | M A R C U S H A R R I S

• Bond deal and credit ratings

• Financial Plan Refresh

• BP-24 Integrated Program Review

• QBR Technical Workshop

STATE OF THE BUSINESSJohn Hairston, ADMINISTRATOR and CEO

S L I D E 1 3B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | J O H N H A I R S T O N


STRATEGIC GOALS

B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | J O H N H A I R S T O N S L I D E 1 4


QUARTERLY BUSINESS REVIEW CLOSING Joel Scruggs, COMMUNICATIONS DIRECTOR

S L I D E 1 6B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | J O E L S C R U G G S


PUBLIC ENGAGEMENT

S L I D E 1 7B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2 | J O E L S C R U G G S

• QBR Technical Workshop, Tuesday, May 17, from 2 to 4 p.m.

• Preemption and Competition Module (PCM) Customer Training, Tuesday, May 10, from 1 to 3 p.m.

• Commercial Business Process Improvement (CBPI) Customer Conference Call

Wednesday, May 11, from 10:30 to 11 a.m.

• Provider of Choice Public Workshop, Thursday, May 19, from 1 to 3 p.m.

• Resource Program and Key Assumptions Workshop, Tuesday, May 24, from 9 a.m. to noon.

• Financial Plan Refresh Public Workshop, Tuesday, May 24, from 1 to 4 p.m.

• BP/TC-24 Customer Workshop, Wednesday, May 25, from 9 a.m. to 4 p.m.

• Concurrent Losses Public Workshop #4, Thursday, May 26, from 9 a.m. to noon.

• BPA Resource Adequacy Engagement Workshop, Thursday, May 26, from 1 to 3 p.m.

mailto:[email protected]?subject=Quarterly%20Business%20Review%20Question

http://www.bpa.gov/strategicplan

www.doecybercon.com


PUBLIC COMMENT PERIODS

S L I D E 1 9B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 | J O E L S C R U G G S

Alston to Astoria Rebuild Project – Comment period closes June 6, 2022

www.bpa.gov/learn-and-participate


QUESTION AND ANSWER

S L I D E 2 0B O N N E V I L L E P O W E R A D M I N I S T R A T I O N | Q B R M a y 2 0 2 2


The next QBR will be held in

August 9, 2022

Didn’t get your question answered?

Email [email protected]. Answers will be provided at the QBR

technical workshop if possible, or posted to:

www.bpa.gov/about/finance/quarterly-business-review.

THANK YOU



http://www.bpa.gov/goto/qbr

http://www.bpa.gov/strategicplan


FINANCIAL DISCLOSURE

This information was made publicly

available on May 9, 2022, and contains

information not sourced directly from

BPA financial statements.


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