Quarterly Business Review (QBR)Quarterly Business Review …

Quarterly Business Review (QBR)

July 31, 2012 10:00 am ? 3:10 pm

Rates Hearing Room

To Participate by Phone Please dial 503-230-5566. When prompted, enter access code 1821#.

1

Time Min

Agenda Topic

10:00

10 Review Agenda

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~ CFO Spotlight -- Unavailable in July, planned for November QBR

10:10

IT Updates

30

EE Central WPSS Write-off

Slice System Update

Financial Highlights

10:40

60

Review of 3rd Quarter Financial Results Review of 3rd Quarter Forecast

11:40

10 Forecast of Annual Slice True-Up

11:50

10 Review of 3rd Quarter Capital Forecast

12:00

60 Lunch

Operational Excellence

1:00

20 eOPF and Health and Safety Data Management

1:20

15 Printer Reduction Plan and MyPC Deployment

1:35

5

2012 IPR Process Improvements

Other Agency Topics

1:40

45 BPA's Review of the Budget Development Process

2:25

20 Keys Pump-Generating Plant Update

2:45

Methodology of items in the Composite Cost Pool for the Slice True-Up 20 Contra-Expense and Reinvestments of GEP

Composite Cost Pool Interest Credit

3:05

5

Questions, Comments, Future Meeting Topics

3:10

~ Adjourn

Slide 2 ~

Presenter Mary Hawken Claudia Andrews

Larry Buttress Robin Furrer, Doug Hunter

Mary Hawken, Cheryl Hargin, Kathy Rehmer, Brian McConnell

Timothy Roberts, Ann Shintani

Kathy Rehmer, Brian McConnell

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~

Launie O'Leary Paul Dickson Mary Hawken

Valerie Lefler, David Barringer Mark Jones, John Wellschlager Timothy Roberts, Ann Shintani

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Mary Hawken

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~

JULY 2012 QUARTERLY BUSINESS REVIEW

2

This information has been made publicly available by BPA on July 27, 2012 and contains BPA-Approved Agency Financial Information

IT Updates

Larry Buttress Chief Information Officer

Robin Furrer VP, Transmission Field Services

Doug Hunter Internal Operations Manager

JULY 2012 QUARTERLY BUSINESS REVIEW

3

This information has been made publicly available by BPA on July 27, 2012 and contains BPA-Approved Agency Financial Information

Financial Highlights

4

Customer Collaborative Financial Overview for FY 2012 through June 30, 2012

Agency

? Agency Net Revenues through June are $173 million. This is $32 million higher than the 2nd Quarter Review forecast.

? The end-of-year net revenue forecast for the 3rd Quarter Review is $107 million. This is $65 million higher than the 2nd Quarter Review forecast, $1 million higher than the SOY forecast and $44 million above the rate case.

Power Services

? Power Services net revenue through June is $110 million. This is $14 million higher than the 2nd Quarter Review forecast.

? The 3rd Quarter Review net revenue forecast is $54 million. This is $51 million higher than the 2nd Quarter Review forecast, $9 million below the SOY forecast and $1 million above the rate case forecast.

? This year's above-average run-off in the Columbia basin has resulted in higher expectations of net secondary revenue, in spite of continuing low market prices, which is bolstering Power's net revenue above previous expectations. Of particular value was the wet June, which has added projected inventory to the higher priced summer months.

JULY 2012 QUARTERLY BUSINESS REVIEW

5

This information has been made publicly available by BPA on July 27, 2012 and contains BPA-Approved Agency Financial Information

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