(a) Borrowing authority
(1) In general
Subject to paragraph (2), for the purposes of providing funds to assist in the financing of the construction, acquisition, and replacement of the Federal Columbia River Power System and to implement the authority of the Administrator of the Bonneville Power Administration (referred to in this section as the “Administrator”) under the Pacific Northwest Electric Power Planning and Conservation Act (16 U.S.C. 839 et seq.), an additional $10,000,000,000 in borrowing authority is made available under the Federal Columbia River Transmission System Act (16 U.S.C. 838 et seq.), to remain outstanding at any 1 time.
(b) Financial plan
(1) In general
The Administrator shall issue an updated financial plan by the end of fiscal year 2022.
(2) RequirementAs part of the process of issuing an updated financial plan under paragraph (1), the Administrator shall—
(A)
consistent with asset management planning and sound business principles, consider projected and planned use and allocation of the borrowing authority of the Administrator across the mission responsibilities of the Bonneville Power Administration; and
(B) before issuing the final updated financial plan—
(i)
engage, in a manner determined by the Administrator, with customers with respect to a draft of the updated plan; and
(c) Stakeholder engagementThe Administrator shall—
(1)
engage, in a manner determined by the Administrator, with customers and stakeholders with respect to the financial and cost management efforts of the Administrator through periodic program reviews; and