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Bonneville Power Administration's new Chief Financial Officer Michelle Manary
Bonneville Power Administration's new Chief Financial Officer Michelle Manary
BPA selects Michelle Manary as new chief financial officer (Photo) - 09/05/18

Portland, Ore. – The Bonneville Power Administration has appointed Michelle Manary as executive vice president and chief financial officer starting Sept. 30. As CFO, she will oversee the capital and debt management program, accounting, cash management and budgeting for BPA’s $4.3 billion total budget.

Manary is currently the vice president of Transmission Marketing and Sales, a position she has held since 2015.

“I am very excited to appoint Michelle as BPA’s next CFO,” said BPA Administrator Elliot Mainzer. “She is a dynamic, creative and highly engaged leader who brings a wealth of knowledge and experience to our Finance organization. Michelle’s 20 years of experience across BPA’s Power, Transmission and Corporate organizations will be invaluable as we build on the momentum we have gained this year in strengthening our financial health.”

Manary started at BPA in 1998 as a financial analyst in Power Services where she led the development of a spending review, which is comparable to BPA’s current Integrated Program Review process. She became the manager of the Power finance group, ensuring spending targets were met for Power capital and expense. Manary went on to hold additional management positions in Transmission, Corporate Strategy and Power before landing in her current role.

“I am looking forward to joining Finance and partnering with organizations across BPA to dive into the implementation of the agency strategic and financial plans,” said Manary.  

Before coming to BPA, Manary served as CFO at More Housing USA in Tacoma, Washington. Manary has a bachelor’s degree in finance from Linfield College in McMinnville, Oregon, and a master’s degree in business administration and public administration from Willamette University in Salem, Oregon.

Acting CFO Mary Hawken, who had announced her intent to retire, will return to her previous role as the deputy CFO and stay on through December to help with the transition. Hawken has been a valuable member of the Finance team for 32 years, working her way up to the top post from her first role as a student trainee.  

“This year we have advanced a lot of commitments outlined in the financial and strategic plans, and I’m looking forward to working with Michelle and helping to integrate our strategy into our everyday work before I leave,” Hawken said. “But I am also looking forward to traveling more and expanding my volunteer time.”

“I would like to thank Mary Hawken for her tremendous service as acting CFO and am pleased that Mary and Michelle will be able to work closely together during the transition,” said Mainzer

Tina Ko, the current acting deputy chief operating officer, will take over as acting vice president of Transmission Marketing and Sales until a formal announcement and selection take place.

BPA is a federal agency that markets wholesale electrical power from 31 federal hydroelectric projects in the Northwest and one nonfederal nuclear plant providing about 28 percent of the electric power used in the Northwest. BPA also operates and maintains about three-fourths of the high-voltage transmission in its service territory, which includes Idaho, Oregon, Washington, western Montana and small parts of eastern Montana, California, Nevada, Utah and Wyoming. BPA also funds regional efforts to protect and rebuild fish and wildlife populations affected by hydropower development in the Northwest.

Idaho and BPA sign historic agreement for wildlife restoration - 08/30/18

 

NEWS RELEASE

AUGUST 30, 2018

Media Contact:  David Wilson, 503-572-1209, BPA

                               Jon Hanian, 208-334-2100, Office of the Governor

                                                                                   

Idaho and BPA sign historic agreement for wildlife restoration

 

The governor of Idaho and the administrator of the Bonneville Power Administration met in Sandpoint, Idaho, today to celebrate the completion of the historic Albeni Falls wildlife settlement agreement. Idaho agrees that the $24 million settlement satisfies BPA’s wildlife habitat mitigation responsibilities for impacts from Albeni Falls Dam.

The dam, located on the Pend Oreille River at the outlet of Lake Pend Oreille, was completed in 1955 and is operated by the U.S. Army Corps of Engineers. BPA sells the power generated at this and 30 other dams in the Federal Columbia River Power System. Under the Northwest Power Act of 1980, BPA is obligated to protect, mitigate and enhance fish and wildlife affected by the FCRPS dams.

“In my view, this agreement is not only good for Idaho, it is also good for people who buy their electricity from utilities supplied by BPA, wherever they might live in the Northwest,” Idaho Governor C.L. “Butch” Otter said in the ceremony today. “That is because with this agreement, BPA’s payments to Idaho for wildlife mitigation are on schedule to stop in just 10 years, and once that happens, wildlife mitigation with the state of Idaho will no longer add to people’s power bills” he said.

Through the settlement, Idaho agrees that all of its interests in dam construction and inundation impacts have been mitigated through prior land purchases with BPA. Using BPA funding, the Idaho Department of Fish and Game has acquired more than 4,200 acres of wildlife habitat in northern Idaho. Under the new agreement, BPA will provide nearly $7 million for the long-term stewardship of the land. The funding will be invested by the Idaho Endowment Fund Investment Board, and the interest from the investment will provide perpetual funding for future care and maintenance costs of the acreage.

To address the dam’s operational impacts on wildlife, the settlement provides almost $13 million for habitat restoration at the Clark Fork and Priest river deltas around Lake Pend Oreille. These projects complement previous restoration actions to improve conditions for fish and wildlife around the lake. Once complete, the projects will restore more than 2,000 acres of habitat.

“This historic agreement, made possible by BPA’s strong partnership with the state of Idaho and the Idaho Department of Fish and Game, will provide essential wildlife habitat protection for Lake Pend Oreille and the surrounding area,” said BPA Administrator Elliot Mainzer. “The habitat protected in this agreement will have long-lasting benefits for wildlife, Idaho residents and citizens of the Northwest.”

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