Financial Information

Organization

PNGC Power is a cooperatively owned electric generation and transmission (G&T) business providing wholesale electric services to its 16 member distribution cooperatives.

The 16 cooperatives that distribute power from PNGC are engaged in the sale of electricity at retail to their member-consumers in:

  • Oregon
  • Washington
  • Idaho
  • Montana
  • Utah
  • Nevada
  • Wyoming

PNGC Power’s office is in Portland, Oregon.


Membership

PNGC’s membership is comprised of 16 distribution utilities:

  • 7 in Oregon
  • 4 in Idaho
  • 2 in Washington
  • 3 in Montana

The general manager of each member cooperative comprises the PNGC Power Board of Directors. They set policy for PNGC Power, as well as wholesale electric rates for the 16 members.


Power Supply

In 1995, a number of cooperatives formed a buying group to take advantage of open access to transmission service and emerging wholesale bulk markets. In 1996, PNGC became the nation’s first electric cooperative to receive a power marketing license from the Federal Energy Regulatory Commission (FERC). This gave PNGC the ability to purchase and resell power at wholesale.

Bonneville Power Administration (BPA) Contracts

In December 2008, PNGC Power signed a new 20-year contract with BPA. This contract, which began October 1, 2011, secures long-term, cost-based “Block” power from the FBS. It also sets the stage for PNGC to acquire additional resources to meet member cooperatives’ future energy needs in the most efficient manner and at the highest level of wholesale rate stability possible.

Joint Operating Entity

PNGC Power operates as a Joint Operating Entity (JOE), aggregating members’ loads and resources and purchasing net requirements from BPA under consolidated contractual agreements. Our new contract with BPA allows us to take full advantage of our JOE status.

Demand for electricity is expected to grow steadily in the Northwest. Some PNGC Power members report current or anticipated growth in their service territories. The low-cost hydropower generating resources that BPA manages will no longer reliably serve the growing member demand for electricity in our region.


Transmission

PNGC Power is responsible for all aspects of delivering power, acquiring transmission, and managing associated contracts.

PNGC negotiates and manages the transmission service agreements for member utilities, including:

  • Scheduling
  • Interacting with BPA on transmission policies, practices, and rates
  • Billing for transmission services

PNGC:

  • Represents members in BPA rate cases
  • Helps members deal with transmission issues related to their service territory
  • Represents them in billing disputes
  • Manages interconnection issues and wheeling agreements

More Information

For additional financial information:

Email Jon Wissler  – Chief Financial Officer