BUSINESS REVIEW Feb 4, 2020 B O N N E V I L L E P O W - PowerPoint PPT Presentation

QUARTERLY BUSINESS REVIEW Feb 4, 2020

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 KEY PERFORMANCE INDICATORS Elliot Mainzer, ADMINISTRATOR AND CHIEF EXECUTIVE 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 F E B R U A R Y 2 0 2 0 | E L L I O T M A I N Z E R S L I D E 2

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 KSI & KPI Dashboard Key Performance Indicators: Key Strategic Initiatives: 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 F E B R U A R Y 2 0 2 0 | E L L I O T M A I N Z E R S L I D E 3

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 FINANCE Michelle Manary, 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 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 KPI DASHBOARD 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 5

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 AGENCY NET REVENUES in millions of dollars 0 120 101 44 24 100 31 24 3 80 60 14 47 101 0 74 40 0 13 20 2 27 0 12 12 0 Rate case IPR expense Other expense Depreciation, Net interest Operating Q1 Forecast Amortization & expense Revenues 0 Accretion 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 6

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 POWER SERVICES FINANCIAL PERFORMANCE Total expense and revenue in millions of dollars BP-20 Rate Case Q1 3000 Total $2,662 Total $2,595 Non-IPR 2000 $1,392 $1,330 $2,710 $2,714 1000 IPR $1,270 $1,265 0 Expense 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 7

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 TRANSMISSION FINANCIAL PERFORMANCE Total expense and revenue in millions of dollars BP-20 Rate Case Q1 1500 Total $1,123 Total $1,102 1000 Non-IPR $634 $610 $1,086 $1,087 500 IPR $492 $489 0 Expense 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 8

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 AGENCY CAPITAL EXPENDITURES in millions of dollars 900 0 19 0 850 33 800 0 8 709 750 149 813 847 18 0 700 5 1 650 659 659 664 600 Rate Case Fed Hydro Transmission F&W Corporate Q1 Forecast 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 9

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 THRESHOLDS 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 1 0

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 General BP-22 IPR Update IPR Objective: Establish FY 2022-2023 IPR expense and capital spending levels for inclusion in the BP-22 Initial Proposal. • Public process kicks-off June 15 • IPR technical workshops between June 16-19 • 30 day comment period from June 15 to July 15 • IPR Close-Out Report released in October 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 F E B R U A R Y 2 0 2 0 | M I C H E L L E M A N A R Y S L I D E 1 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 STATE OF THE BUSINESS Elliot Mainzer, ADMINISTRATOR AND CHIEF EXECUTIVE 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 F E B R U A R Y 2 0 2 0 | E L L I O T M A I N Z E R S L I D E 1 2

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 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 F E B R U A R Y 2 0 2 0 | E L L I O T M A I N Z E R S L I D E 1 3

QUESTION AND ANSWER 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 F E B R U A R Y 2 0 2 0 S L I D E 1 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 THANK YOU The QBR technical workshop is on Feb. 11 in the Rates Hearing Room. The next QBR will be held in May. Didn’t get your question answered? Email Communications@bpa.gov. Answers will be provided at the QBR technical workshop if possible, or posted to www.bpa.gov/goto/QBR. The strategic plan is available at www.bpa.gov/StrategicPlan. 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 F E B R U A R Y 2 0 2 0 S L I D E 1 5

FINANCIAL DISCLOSURE This information was made publicly available on January 31, 2020, and contains information not sourced directly from BPA 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 | Q B R F E B R U A R Y 2 0 2 0 S L I D E 1 6