BPA Restarts Residential Exchange Program In Response To Ninth Court Rulings

The Bonneville Power Administration this week responded to three 2007 Ninth Circuit court rulings with a decision that will lower its wholesale power rates by 1 percent for fiscal year 2009, return an additional quarter of a billion dollars in past overcharges to the region’s consumer-owned utilities in 2009, return additional overpayments in future years, and re-establish Residential Exchange Program benefits to most of the region’s investor-owned utilities.

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