Working for a safe, affordable, vibrant, innovative, and interconnected city.
Learn More
Seattle.gov Home Page
Seattle.gov This Department
Link to Seattle City Light Home Page Link to Seattle City Light Home Page Link to Seattle City Light About Us Page Link to Seattle City Light Contact Us Page
Lighting Seattle since 1905 Jorge Carrasco, Superintendent
Ross Dam

Current
SCL News Releases

Since January 2003


Archived
SCL News Releases

Prior to January 2003


Seattle City Light Newsroom

City of Seattle News Releases

News Releases
   Logo of the City of Seattle, WA, USA   Seattle City Light

            News Release




Subject:   SEATTLE CITY LIGHT LOCKS IN LONG-TERM CONTRACT FOR BPA POWER
For Immediate Release:   
12/8/2008  1:59:00 PM
For More Information Contact:
Scott Thomsen  (206) 386-4233


Agreement Secures Utilitys BPA Electric Supply Through 2028

SEATTLE - Seattle City Light Superintendent Jorge Carrasco announced today that the utility has signed a 17-year contract with the Bonneville Power Administration that secures approximately 40 percent of City Lights energy load through Sept. 30, 2028.

"This contract is great news for Seattle City Light and its customers," Carrasco said. "By extending our relationship with BPA, we have secured our ability to acquire a substantial amount of low-cost hydroelectric power for the next two decades. This will help us continue to meet our customers electricity needs with low-cost, reliable, environmentally sensitive energy."

City Light has purchased power from BPA under long-term agreements for more than 30 years. The utilitys current contract expires in 2011, when the new power sales agreement will start.

Under the new agreement, City Light will purchase about 530 average Megawatts of electricity from BPA each year at the Tier 1 wholesale price. One average Megawatt is equal to 1 million Kilowatt-hours of electricity every hour or every day for a year. The utility also has the ability to purchase additional energy under BPAs Tier 2 structure. How much additional electricity City Light has the right to buy from BPA during the term of the new contract will be determined by City Light's load growth after 2010.

BPAs rates are adjusted every two years through a public rate case. BPAs current wholesale power rates average about 2.7 cents per Kilowatt-hour. Thats less than half the current long-term forecast for spot market prices or the estimated costs per Kilowatt-hour to develop and build a new power plant.



- End -

Seattle City Light is a publicly owned utility dedicated to exceeding our customers' expectations in producing and delivering low cost, reliable power in an environmentally responsible and safe way. We are committed to delivering the best customer service experience of any utility in the nation.

Seattle City Light
 

Current
SCL News Releases

Since January 2003


Archived
SCL News Releases

Prior to January 2003


Seattle City Light Newsroom

City of Seattle News Releases

Click here for more contact information! Customer Service
Call (206) 684-3000


The Seattle City Light Web Team:

Seattle City Light -- 700 5th Avenue, Suite 3200, Seattle, WA 98104-5031 -- 206.684.3000
Mailing address: 700 5th Avenue, Suite 3200, P.O. Box 34023 Seattle, WA 98124-4023