Agency: Department of Energy – Bonneville Power Administration Fund
Description:
Provides an additional $10,000,000,000 in 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. BPA can not obligate more than $6,000,000,000 by fiscal year 2028.
Requires BPA to issue an updated financial plan by the end of fiscal year 2022.
Bill Section:
40110
New or Existing:
New
Potential Cost:
Timeline:
$6 billion is available to BPA immediately and the remaining $4 billion is available at the start of fiscal year 2028
TCS Notes:
With the additional borrowing authority granted under the IIJA, BPA’s total borrowing authority limit is increased to $17.7 billion until FY2028, when the remaining IIJA funds become available.