Industry changes require new way of thinking, planning, operating
FOR IMMEDIATE RELEASE: April 7, 2016
CONTACT: Leah Shapiro, 720-962-7050 or 720-962-7411
LAKEWOOD, Colorado — Western Area Power Administration published its Fiscal Year 2015 Annual Report today. Our Position, Our Promise provides both Western’s and the hydropower-generating agencies’ combined financial statements and also illustrates how the organization’s achievements during FY 2015 support its ability to continue delivering its mission.
“Providing clean, renewable, reliable and affordable hydropower, transmission and related services is our mission; it is our promise to customers,” said Western Administrator and CEO Mark A. Gabriel. “As our position evolves to meet the changing industry around us, we remain true to our promises.”
In the FY 2015 report, Western explains how the organization employs new ways of thinking, planning and operating to keep pace and remain relevant amid industry changes. Gabriel said, “In 2015, we completed more than $230 million in capital projects, finalized preparations to become the first power marketing administration to fully join a market and worked with peers and partners to further the industry’s fall protection effort."
Additionally, in FY 2015, the organization:
Marketed 32 billion kilowatt-hours in long-term energy sales
Produced 28,445 gigawatt-hours of energy amid a below-average water year
Reduced its operating expenses by $12 million by streamlining processes and implementing efficient business practices
Saw the Transmission Infrastructure Program successfully complete its second project—Electrical District 5-to-Palo Verde Hub
Gabriel added, “Western has contained costs and reduced its request for appropriations despite rising costs of infrastructure replacement, environmental regulation, varying hydrology conditions, physical and cybersecurity threats and subsequent enhancements and new operational requirements ranging from the Clean Power Plan to real-time engineering.”
Western’s annual report will also be posted to The Source, a new website dedicated to displaying operational data and financial information in one convenient location.