Wholesale electric rate for federal hydropower decreases in nine states

Starting Jan. 1, 2018, electric utilities receiving federal hydropower in nine Rocky Mountain and northern Great Plains states will see lower firm hydropower rates from Western Area Power Administration for the second year in a row. The lower rates will result in savings of roughly $40 million dollars annually for customers.

Firm power customers with contracts with WAPA’s Pick-Sloan Missouri River Basin – Eastern Division will experience a 15-percent decrease in the composite rate, and customers with Loveland Area Projects contracts will see a 14–percent decrease.

The two projects serve 415 electric utilities in Montana, North Dakota, South Dakota, Iowa, Minnesota, Wyoming, Colorado, Kansas and Nebraska with federal hydropower and related services. ​Read more.

Source: WAPA Newsroom, 12/8/17