FOR IMMEDIATE RELEASE: March 19, 2018
CONTACT: Jen Neville, firstname.lastname@example.org, 720-962-7411
LAKEWOOD, Colo. – Today, Western Area Power Administration released its 2018 State of WAPA's Assets. The forward-looking document outlines WAPA's upcoming capital investments and key initiatives for managing a $4.3 billion organization that delivers low-cost federal hydropower to more than 40 million Americans.
"The electric utility industry is changing rapidly, and while our critical and noble mission remains the same, our role continues to evolve," said WAPA Administrator and CEO Mark A. Gabriel in his opening letter. "Valuable service, partnership, inclusion and innovation will be the hallmarks of the future. This year's State of WAPA's Assets illustrates how we continue to strike the balance between the needs of today and the goals of tomorrow."
WAPA continues to evolve its services and hone its organizational excellence through mutually beneficial partnerships and disciplined financial management. The document details a possible structural change that maintains current staffing levels and leverages administrative functions more effectively. Additionally, the organization is evaluating options for strategically managing transformer risks. Ever focused on grid resilience and cybersecurity, WAPA is upgrading some enterprise applications and participating in utility information sharing.
Since 2014, the State of WAPA's Assets has been published the first quarter of every calendar year to clearly explain WAPA's direction and focus for the year.
"The State of WAPA's Assets is a key communication tool," said Gabriel. "Making it transparent enables us to share with customers and the American public WAPA's progress and stewardship in maintaining and strengthening the electrical infrastructure we all share."
The document is available on The Source, under Customer News. The Source is dedicated to displaying operational data and financial information in one convenient location.
About WAPA: Western Area Power Administration annually markets and transmits more than 25,000 gigawatt-hours of clean, renewable power from 57 federal hydroelectric powerplants owned and operated by the Bureau of Reclamation, U.S. Army Corps of Engineers and International Boundary and Water Commission in 15 western and central states. It is part of the Department of Energy. Follow us on Twitter @WesternAreaPowr or visit the website at www.wapa.gov.