The Western Area Power Administration (WAPA), part of the Department of Energy (DOE), is proposing new formula rates for the Loveland Area Projects and related services. These proposed rates are necessary for WAPA to potentially join the Southwest Power Pool, an organization that manages electricity transmission across several states. The rates will be influenced by projections of future costs and will need approval from the Federal Energy Regulatory Commission. If WAPA becomes a member, the new rates would take effect on either the membership date or April 1, 2026, and remain until March 31, 2031, unless changed.
Simple Explanation
The people in charge of electricity are making a new plan for how they charge for sending power over wires in a certain area. If they decide to join a big group that handles electricity in many places, their new plan will start in 2026 and last for five years, but only if everything gets approved.