Bonneville Power Administration’s latest financial report shows forecasted revenues declining from what was anticipated earlier in the year but the agency still expects to end its fiscal year in a healthy position. 

BPA’s latest forecast puts revenues at $184 million for the fiscal year ending in October, according to a release. That’s down $26 million from its last forecast but still above the agency’s $70 million target. BPA’s cash on hand stands at 89 days, down from 116 days a few months ago but above the target of 60 days. 

Agency officials said the positive outlook is primarily due to higher power and transmission revenues, some lower-than-predicted expenses and debt-management actions. BPA also was able to use liquidity tools to offset its largest power purchases in January and February through a federal debt-management transaction. 

The latest forecast is a far cry from where the agency was at the beginning of 2025. In February, BPA officials said they anticipated net revenues of negative $44 million by the end of the fiscal year. They also expected to end the year with less than two months’ cash on hand, which would automatically trigger a surcharge to the utilities it serves to boost its financial reserves. 

“While BPA remains optimistic it can maintain its current financial position, the agency will remain vigilant with respect to managing costs in the face of potential volatility for the remainder of the year,” said Tom McDonald, BPA’s chief financial officer, in a statement. 

However, the agency will raise its power and transmission rates in October following a settlement with its ratepayers on those increases. Tri-City utilities will pay between 8% and 13% more as a result.