474 



BPA needs to identify new financial resources. 



The present U.S. Treasury cap should not be raised. BPA should not be granted access to 

 the private debt markets. If BPA's need to acquire resources is limited, much of the 

 capital needs evaporate. 



BPA should expand its use of third party financing. To facilitate third party financing, 

 local governmental entities, such as P.U.D.s, need to have their ability to issue tax exempt 

 bonds returned to at least pre- 1986 Tax Art standards. Additionally, we continue to 

 oppose the acceleration of debt repayment. Treasury financing is not a subsidy, it is a 

 loan. BPA and its customers remain committed to keeping our end of the bargain, we 

 want Congress to uphold its promises. 



In the area of transmission and distribution, BPA should transfer the ownership of 1 15,000 

 volt transmission facilities and related distribution substations (1 15 kV / 15 kV) to the 

 utility customers served by these facilities. These lines are in our service territories, and it 

 may be more feasible and economical if we maintain these facilities. 



Columbia River PUD. Sl Helens, Oregon 

 Conunents to the DeFazio Task Force 

 07/02793, 03:36 PM 

 page 9 



