BILL REQ. #:  S-3753.1 

Read first time 01/19/2004.   Referred to Committee on Natural Resources, Energy & Water.

     TO THE HONORABLE GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES, AND TO THE PRESIDENT OF THE SENATE AND THE SPEAKER OF THE HOUSE OF REPRESENTATIVES, AND TO THE SENATE AND HOUSE OF REPRESENTATIVES OF THE UNITED STATES, IN CONGRESS ASSEMBLED, AND TO THE OFFICE OF MANAGEMENT AND BUDGET, AND TO THE HONORABLE SPENCER ABRAHAM, SECRETARY OF THE UNITED STATES DEPARTMENT OF ENERGY, AND TO STEVEN WRIGHT, ADMINISTRATOR OF THE BONNEVILLE POWER ADMINISTRATION, AND TO THE HONORABLE MEMBERS OF THE BOARDS OF DIRECTORS OF THE CONSUMER-OWNED UTILITIES AND THE INVESTOR-OWNED UTILITIES SERVED BY THE BONNEVILLE POWER ADMINISTRATION:
     We, your Memorialists, the Senate and House of Representatives of the State of Washington, in legislative session assembled, respectfully represent and petition as follows:
     WHEREAS, Power purchase contracts between the Bonneville Power Administration and its customers allow the implementation of a Safety Net Cost Recovery Adjustment Clause (SN CRAC) rate increase in any fiscal year in which BPA has less than a fifty percent probability of making its annual treasury payment; and
     WHEREAS, The Bonneville Power Administration projects a greater than eighty percent probability of making the treasury payment in fiscal year 2004; and
     WHEREAS, The Bonneville Power Administration implemented a SN CRAC rate increase in fiscal year 2004 during an uncertain financial situation that has since improved considerably; and
     WHEREAS, The entire Pacific Northwest region would see significant economic benefits if the Bonneville Power Administration rolls back to zero the SN CRAC rate increase for fiscal year 2004;
     NOW, THEREFORE, Your Memorialists respectfully pray that the Bonneville Power Administration roll back to zero the fiscal year 2004 SN CRAC rate increase, so that business, industrial, small farm, and residential customers throughout the Pacific Northwest region may enjoy the economic benefits provided by electric rate relief.
     BE IT RESOLVED, That copies of this Memorial be immediately transmitted to the Honorable George W. Bush, President of the United States, the Office of Management and Budget, the Honorable Spencer Abraham, Secretary of the United States Department of Energy, Steven Wright, Administrator of the Bonneville Power Administration, the honorable members of the Boards of Directors of the consumer-owned utilities and the investor-owned utilities served by the Bonneville Power Administration, the President of the United States Senate, the Speaker of the House of Representatives, and each member of Congress from the State of Washington.