Search Results for keywords:"formula rates"

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Search Results: keywords:"formula rates"

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  • 2024-30863 — Colorado River Storage Project-Rate Order No. WAPA-220
    Type:Notice
    Citation:89 FR 106473
    Reading Time:about 13 minutes

    The Western Area Power Administration (WAPA) is considering new formula rates for transmission and ancillary services under the Colorado River Storage Project (CRSP) to be recovered if CRSP decides to join the Southwest Power Pool (SPP). These rates are expected to be effective starting April 1, 2026, and will last for five years. Public consultation and comments on this proposal will be held from December 30, 2024, to March 31, 2025, with virtual forums scheduled on February 19, 2025. The proposal includes plans for CRSP to transfer control of some transmission facilities to SPP, affecting the way costs are calculated and billed.

    Simple Explanation

    The Western Area Power Administration (WAPA) is planning to change how they charge for using some big electric wires if they join a group called the Southwest Power Pool (SPP). They're asking people to share their thoughts on this plan before they start using it in 2026.

  • 2024-30862 — Loveland Area Projects-Rate Order No. WAPA-219
    Type:Notice
    Citation:89 FR 105564
    Reading Time:about 15 minutes

    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.