Wet winter and spring has led to power supply glut, driving down open market prices
By JOHN McCALLUM
Editor
An above-normal snowpack and a historically wet spring has led to a lot of water in the Pacific Northwest. In many ways, that’s a good thing.
Those conditions have also created a lot of power via the region’s dams — not necessarily a good thing, especially when it comes to the Bonneville Power Administration selling power on the open market. The excess has driven prices down, leading BPA officials to consider implementing a provision that could mean additional charges to area utilities and their customers.
The provision, called the Cost Recovery Adjustment Clause (CRAC)...
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