BPA may charge extra for buying additional power

Herald staff

Demand from utilities that recently signed new 10-year wholesale power contracts with the Bonneville Power Administration is so strong that the agency is talking about a 15 percent charge to cover the cost of purchasing additional power to augment its supply, officials said Wednesday.

Paul Norman, BPA senior vice president, said the federal agency is proposing the charge on wholesale rates that go into effect Oct. 1, 2001. The surcharge could affect Snohomish County PUD customers, although how much is not known. PUD commissioners got their first look at the budget for 2001 on Tuesday and will meet again at 6:30 p.m. Nov. 21 to continue their discussions. Action on local rates is not expected until early next year, when the PUD expects to have more detailed information on Bonneville’s prices.

  • Alitalia to buy 777s: Alitalia, Italy’s main airline, will purchase six Boeing 777-200ERs and has an option to buy six more of the Everett-made planes, the company said Wednesday. However, the airline is dropping plans to buy five 747-400s and take an option for three others. A value for the purchase was not announced.

  • EvergreenBank reports earnings: Seattle-based EvergreenBank, which has a branch in Lynnwood, reported a 12 percent increase in earnings for the first nine months of the year. The company reported earnings of $858,000 through Sept. 30.

  • Federated reports loss: Federated Department Stores Inc., the parent of Bon Marche, on Wednesday reported a third quarter loss of $668 million, or $3.32 per share, compared with profits of $123 million, or 56 cents per share, for the same period last year. Federated operates more than 400 department stores in 33 states, under the names Bloomingdale’s, The Bon Marche, Burdines, Goldsmith’s, Lazarus, Macy’s, Rich’s and Stern’s.
    Talk to us

    > Give us your news tips.

    > Send us a letter to the editor.

    > More Herald contact information.

  • More in Local News

    Snohomish residents Barbara Bailey, right, and Beth Jarvis sit on a gate atop a levee on Bailey’s property on Monday, May 13, 2024, at Bailey Farm in Snohomish, Washington. Bailey is concerned the expansion of nearby Harvey Field Airport will lead to levee failures during future flood events due to a reduction of space for floodwater to safely go. (Ryan Berry / The Herald)
    Harvey Field seeks to reroute runway in floodplain, faces new pushback

    Snohomish farmers and neighbors worry the project will be disruptive and worsen flooding. Ownership advised people to “read the science.”

    Grayson Huff, left, a 4th grader at Pinewood Elementary, peeks around his sign during the Marysville School District budget presentation on Tuesday, Nov. 28, 2023 in Marysville, Washington. (Olivia Vanni / The Herald)
    State OKs Marysville plan with schools, jobs on chopping block

    The revised plan would mean the loss of dozens of jobs and two schools — still to be identified — in a school district staring down a budget crunch.

    IAM District 751 machinists join the picket line to support Boeing firefighters during their lockout from the company on Thursday, May 16, 2024, in Everett, Washington. (Ryan Berry / The Herald)
    Amid lockout, Boeing, union firefighters return to bargaining table

    The firefighters and the planemaker held limited negotiations this week: They plan to meet again Monday, but a lockout continues.

    The Trestle’s junction with I-5 is under evaluation (Kevin Clark / The Herald)
    Here’s your chance to give feedback on the US 2 trestle and its future

    Often feel overwhelmed, vulnerable and on shaky ground? So is the trestle. A new $17 million study seeks solutions for the route east of Everett.

    Lynnwood
    Suspected DUI crash injures trooper on I-5 north in Lynnwood

    WSP spokesperson said two suspected impaired drivers have crashed into a state trooper in the past 24 hours.

    John Pederson lifts a flag in the air while himself and other maintenance crew set up flags for Memorial Day at Floral Hills Cemetery on Friday, May 24, 2024 in Lynnwood, Washington. (Olivia Vanni / The Herald)
    Volunteers place thousands of flags by veterans’ graves in Lynnwood

    Ahead of Memorial Day, local veterans ensure fellow military service members are never forgotten.

    People hang up hearts with messages about saving the Clark Park gazebo during a “heart bomb” event hosted by Historic Everett on Saturday, Feb. 17, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
    Future of historic Clark Park gazebo now in hands of City Council

    On June 5, the Everett council is set to decide whether to fund removal of the gazebo. It could be stored elsewhere.

    Brian Hennessy leads a demonstration of equipment used in fire training at the Maritime Institute in Everett, Washington on Wednesday, May 22, 2024. (Annie Barker / The Herald)
    ‘Ready to go full sail’: Maritime Institute embarks at Port of Everett

    The training facility offers Coast Guard-certified courses for recreational boaters and commercial vessel operators.

    George Beard poses for a photo outside of the the Stanwood Library in Stanwood, Washington on Wednesday, May 8, 2024.  (Annie Barker / The Herald)
    From sick to the streets: How an illness left a Stanwood man homeless

    Medical bills wiped out George Beard’s savings. Left to heal in his car, he got sicker. Now, he’s desperate for housing. It could take years.

    Logo for news use featuring Snohomish County, Washington. 220118
    Lawsuit says Snohomish County deputies not justified in Sultan shooting

    Two deputies repeatedly shot an unarmed Sultan man last year, body camera video shows. An internal investigation is pending.

    An airplane is parked at Gate M9 on Tuesday, May 21, 2024 at O’Hare International Airport in Chicago, Illinois. (Jordan Hansen/The Herald)
    Good luck to Memorial Day travelers: If you’re like me, you’ll need it

    I spent a night in the Chicago airport. I wouldn’t recommend it — but with flight delays near an all-time high, you might want to pack a pillow.

    toon
    Editorial cartoons for Friday, May 24

    A sketchy look at the news of the day.… Continue reading

    Support local journalism

    If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.