Guiding Principles

Access To Guiding Principles

​As of Dec. 18

• Solutions should be cost based
• Solutions that could work for all WAPA regions.
• Beneficiaries/User should pay
• Sound business principles
• Maximize existing tools
• Low cost/least cost options for solutions
• Transparency
• Options must comply with statutory authorities
• Consider new tools for customers and WAPA
• New funding sources focused on core mission
• Minimize rate impacts

 Customer Needs WAPA Needs

• Reliability at least cost
• Flexibility to access funding tools
• Partnership in assessing investment needs
• Customer support and concurrence
• First right to work out funding solutions
• Flexibility to meet system and WAPA obligations
• Authority commensurate with funding
• Reduce or eliminate reliance on appropriations
• Solution applicable to generating agencies
• Solutions must be workable, achievable and consistent with industry standards
• Pursue partnerships in equity sharing
• Timely — can meet multi-year plan needs
• Governance structure for project approval
• Agreed-upon governance
• First priority to statutory core mission requirements
• Meet deadlines
• Ability to consider equity ownership or revenue stream options for each project
• Protection from outside influence
• Certainty that investments will be used as agreed
• Accountability on WAPA’s use of funds
• Ability and flexibility to procure equipment