Investor Presentaiton
Wholesale Power Services
District has implemented a hedging strategy over time that mitigates inherent fuel (water supply) risks and
market costs
"Slice" contracts have been a historical operational component of PRP with long term and shorter-term
purchasers
• Electric System sells "slice"
Priest Rapids Project
Future Pooling and Slice Agreements Allocations
output contracts from 63.3%
physical offtake of PRP
70.0%
District receives firm revenue
60.0%
stream from 30% of the
20.0%
50.0%
physically sold reasonable
40.0%
portion of the Priest Rapids
10.0%
30.0%
Project and can purchase load
20.0%
positions in netted contracts
33.3%
10.0%
Market purchases and sales are
0.0%
utilized as needed to manage
smaller positions
.
⚫ In the process of evaluating the
10% slice
2024
Morgan Stanley Pooling Agreement
Contract ends Sept. 2025
20.0%
33.3%
2025
20.0%
2026
Avangrid 10% Slice
Contract ends Dec. 2024
Portland General 20% Slice
Contract Ends Dec. 2026View entire presentation