The Sierra Nevada Region of the Western Area Power Administration (WAPA), part of the Department of Energy, has announced a proposal for new long-term formula rates for the Pacific Alternating Current Intertie (PACI) transmission services. These rates are set to take effect from October 1, 2025, through September 30, 2030. The proposal includes a cost-based formula rate for Statutory Service as well as new equitable rates for non-Statutory Service surplus capacity sales. Public consultation and comment on these proposed rates will begin on April 23, 2025, and conclude on July 22, 2025, with public forums conducted virtually in June 2025.
Simple Explanation
The people in charge of a big electricity system want to change the prices for sending electricity through some wires from 2025 to 2030. They plan to talk about these changes and ask people what they think before deciding.