72 



2/ Includes $156 million as an unscheduled amortization payment connected with funds 

 from the non-Federal participants in the Third AC Intertie transmission line, and will be 

 made only if these funds are received in a timely manner. 



3/ The 1 980 Northwest Power Act established the residential exchange in order to extend 

 the benefits of the Federal Power system to all residential and small farm electric customer 

 in the Pacific Northwest. The gross cost of the Exchange is offset by revenues of 

 $1,055.2 million, resulting in an estimated net cost of program to BPA customers in FY 

 1994 of $166.6 million. 



4/ For budgetary purposes BPA must obligate the gross costs of the residential exchange 

 program. The only difference between the gross and net cost is a factor of the residential 

 exchange program where the gross cost of the Exchange is offset by revenues of $1,055. 

 million as noted in footnote #3. This column is provided for discussion purposes only. 



