Our annual budget and two-year action plan are developed through a transparent, public process that includes customer, stakeholder and public review and input. Our five-year Strategic Plan and each utility’s Integrated Resource Plan (IRP) serve as primary building blocks for the budget.
Our final proposed budget is now available for review. It will be presented to our board of directors in a public meeting on December 14 along with a summary of public comments and explanation of how those comments influenced the revised budget. Thank you to all who took the time to review and provide feedback—and check back here in early January for highlights from our final approved 2019 budget!
2018 Budget Benefits
Achieving the goals and strategies outlined in this year’s budget and action plan will result in:
Participants saving $698 million on their utility bills over time
Energy saved at a cost of 3.0 cents/kWh and 33.3 cents/therm, a fraction of the cost of fossil fuels
Jobs, wages and business income added to the local economy
Air quality improvements by avoiding 4.4 million tons of carbon dioxide
Training and support for 2,300 local businesses, many of them small companies
2018 Revenues and Expenditures
In 2018, Energy Trust revenue sources are from a small charge on the utility bills of Portland General Electric, Pacific Power, NW Natural, Cascade Natural Gas and Avista customers:
Reserve funds will be used where planned expenses exceed anticipated revenue.
2018 Energy Goals
The budget and action plan are designed to meet annual energy-saving and renewable energy generation goals while effectively serving different customers ranging from renters and homeowners to small, medium and large-sized businesses.
Notes: MMTh (million annual therms), aMW (average megawatt); this web page reports in net except where noted. Costs/kWh or therm are levelized.