FOR IMMEDIATE RELEASE: Oct. 5, 2018
CONTACT: Lisa Meiman, firstname.lastname@example.org, 720-962-7411
LAKEWOOD, Colo. – Western Area Power Administration posted a notice of intent on the Open Access Same-Time Information System today to evaluate removing the price cap on the resale of WAPA transmission capacity.
Under WAPA’s current Open Access Transmission Service Tariff, a transmission customer faces a number of restrictions on setting a price to resell excess capacity.
Removing the price cap will bring WAPA’s OATT more in line with current Federal Energy Regulatory Commission orders and pro forma OATT and potentially increase benefits for WAPA’s customers.
“WAPA’s resale price cap was previously approved by FERC; however, based upon more recent FERC feedback and the evolution of the industry, we believe our earlier decision should be reevaluated” said Administrator and CEO Mark A. Gabriel. “It is time to examine whether or not this way of doing business is still relevant, necessary and supportive of our mission to provide clean, renewable and reliable power and transmission services at the lowest rates consistent with sound business principles.”
As part of this reevaluation, WAPA will seek informal public comment to gather feedback from customers and stakeholders. Details on this process, the proposed OATT revisions and the expected filing schedule will be posted on WAPA’s OASIS websites
in the near future.
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.