BPA Fish and Wildlife April 2018
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 Financial components of BPA’s F&W program • Integrated program –The Fish and Wildlife program funds several hundred mitigation projects annually to meet both BPA’s Northwest Power Act and Endangered Species Act obligations. • Debt service – The amortization, depreciation and interest payments for investments directly funded through BPA borrowing, as well as capital investments by the Corps and Reclamation funded by the U.S. Treasury and reimbursed by BPA. • Fish-related O&M (“reimbursable expenses”) – The hydroelectric share of O&M and other non-capital expenditures for fish and wildlife activities by the Corps and Reclamation (i.e., O&M of fish facilities at the federal mainstem dams and Corps/Reclamation mitigation hatcheries), and U.S. Fish & Wildlife Service (for hatcheries under the Lower Snake River Compensation Plan – 11 hatcheries and 18 satellite facilities). • River operations – The power production effects of river operations required by NOAA Fisheries and USFWS biological opinions.
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 Total annual average cost of BPA fish and wildlife actions FY 2016-2017 FY 2018-2019 FY 2014-2015 BP-16 Final BP-18 Final actuals ROD ROD Percentage of spending ($ in millions ) ($ in millions ) ($ in millions ) categories allocated to F&W 245 271 277 Integrated program 100% 5 6 6 50% NWPCC – annual average US Fish & Wildlife Service – annual average 31 33 34 100% Lower Snake Compensation Plan 47 49 50 Corps of Engineers O&M – annual average ~19% 5 6 7 Reclamation O&M – annual average ~4% UNSLICED annual average hydro operations effects 291 200 223 (Power purchases and foregone revenues) 146 171 152 Depreciation and interest on USACE / Reclamation / USF&WS capital F&W investments 770 736 749 Total $ (based on plant in service) Depreciation and interest on BPA 3 direct program capital F&W This information has been made publicly available by BPA on July 13, 2017 investments and contains information not reported in agency financial statements.
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 LSRCP annual expenditures $35,000,000 $30,000,000 $25,000,000 $20,000,000 Budget $15,000,000 Actuals $10,000,000 $5,000,000 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -$5,000,000 4
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 Mid-C Market vs Priority Firm Power Rates
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 Financial reserves declining
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 Moody’s credit rating • August 2017: Significant fish and wildlife environmental costs is a credit challenge • “BPA faces conflicting uses of the Columbia River and environmental regulations, such as the Endangered Species Act (ESA), that contributes significantly to BPA’s costs and weighs heavily on BPA’s cash flows. Biological opinions prepared by National Oceanic and Atmospheric Administration Fisheries Service and the US Fish and Wildlife Service mandate actions to protect fish species resulting in direct costs such as hatcheries and indirect loss of revenue from hydro dam operational changes.”
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 LSRCP Funding Agreement • Current interagency agreement expires in September 2018 – 3 year extension – Clearly define roles and responsibilities across programs – Benchmark and measure program performance – Increase transparency and accountability – Identify opportunities for efficiency • Potential long-term (10 year) extension in 2021 – Greater certainty of funding for O&M • Asset management – Non-recurring maintenance
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 Roles and responsibilities Thanks Rod Engle!
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 Benchmarking • Identify efficiencies from LSRCP Hatchery Programs that can be exported to BPA’s Direct Funded Hatchery Programs. • Identify efficiencies from BPA’s Direct Funded Hatchery programs that can be imported to LSRCP Hatchery Programs. • Identify opportunities to apply existing LSRCP funding to reduce long term O&M costs. – Fish Food – Electricity – Asset Management
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 Springfield Hatchery Estimated Feed Costs Brood Y d Year ear A A Projec ected F ed Feed N eed Needed and A eeded and Associat ated C ed Cost F From S Swim-up T up Thr hrough E ugh End o nd of C Cont ntrac act P Per eriod Costing Based on FY17 EWOS Pricing Feed Order by Bag Starting Expected Amount of Fish size Ending Weight Size of food Biomass Conversio feed needed # of Bags Size of feed # of bags Cost (fish/lb) Biomass (lbs) gained (lbs) (lbs) n (LBS) O Starter start-800 181.8 1,250.0 1,068.2 0.7 747.7 17.0 O Starter 20 $1,599.47 0/1 Starter 800-600 1,250.0 1,666.7 416.7 0.7 291.7 6.6 1 Starter 46 $3,617.29 1 Starter 600-300 1,666.7 3,333.3 1,666.7 0.75 1,250.0 28.4 2 Starter 90 $7,085.42 1/2 Starter 300-200 3,333.3 5,000.0 1,666.7 0.75 1,250.0 28.4 1.2 mm 144 $10,513.33 2 Starter 200-120 5,000.0 8,333.3 3,333.3 0.8 2,666.7 60.6 1.5 mm 170 $10,125.00 2 Starter/1.2 mm 120-100 8,333.3 10,000.0 1,666.7 0.8 1,333.3 30.3 1.2 mm 100-60 10,000.0 16,666.7 6,666.7 0.85 5,666.7 128.8 1.5 mm 60-40 16,666.7 25,000.0 8,333.3 0.9 7,500.0 170.5 Tota tal C l Cost B t BY A A: $32, $32,940. 940.52 52 20,706.1 Brood Y d Year ear B B Projec ected F ed Feed N eed Needed and A eeded and Associat ated C ed Cost F From S Star art T Thr hrough E ugh End o nd of C Cont ntrac act P Per eriod Costing Based on FY17 EWOS Pricing Feed Order by Bag Expected Fish size Starting Ending Weight Amount of Size of food Conversio # of Bags Size of feed # of bags Cost (fish/lb) biomass biomass gained feed (LBS) n 1.5 mm 40-20 25,000.0 50,000.0 25,000.0 0.95 23,750.0 539.8 1.5 mm 540 $32,062.50 2.0 mm 20-release 50,000.0 100,000.0 50,000.0 0.95 47,500.0 1,079.5 2.0 mm 1080 $60,325.00 Tota tal C l Cost B t BY B B: $92, $92,387. 387.50 50 71,250.0 Estimat ated S ed Shi hippi pping: ng: $7, $7,200. 200.00 00 Tota tal C l Contr tract P t Perio iod C Cost: t: $132, $132,528. 528.02 02 91,956.1
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 LSRCP Annual Electric Costs $500,000.00 $450,000.00 $400,000.00 $350,000.00 $300,000.00 $250,000.00 $200,000.00 $150,000.00 $100,000.00 $50,000.00 $0.00
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 Questions? Bryan K. Mercier Executive Manager | Fish and Wildlife BONNEVILLE POWER ADMINISTRATION P 503-230-3991 | C 503-358-2911 bkmercier@bpa.gov
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