⚡Provisional Formula Rate Order WAPA-221 for Electric Service
Provo River Project-Rate Order No. WAPA-221
Summary
The formula rate for the Colorado River Storage Project Management Center's (CRSP MC) Provo River Project electric service has been confirmed, approved, and placed into effect on an interim basis (Provisional Formula Rate). The new formula rate under Rate Schedule PR-3 replaces the existing formula rate for these services, under Rate Schedule PR-2, which expires on March 31, 2025, and makes no changes to the existing formula rate other than updating associated contract references.
Agencies
- Energy Department
- Western Area Power Administration
Business Impact
$$ - Med
The notice discusses the confirmation and approval of a Provisional Formula Rate affecting the Provo River Project's electric service, which directly impacts businesses that rely on this service. The change in rate schedules requires businesses under contract with WAPA to adjust their financial planning, as rates will be updated annually, affecting their operational costs.