Tentative Deal Reported
by Associated Press
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PORTLAND, Ore. - There could be a deal over Bonneville Power Administration electric rates.
"The Oregonian" newspaper reported today the battle between public and private utilities over cheap Bonneville hydropower may be nearing an end.
The tentative agreement could reduce electric bills for Oregon customers because most of them are served by private utilities.
The newspaper cited sources close to the talks who said the agreement would reinstate BPA's payments to private utilities that amounts to a subsidy to help share the low cost of hydropower.
Bonneville had been making payments to private utilities of about $28 million a month, or about $330 million a year.
Those payments had been suspended in May after a federal appeals court ruling.
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