With these commitments, we have secured a critical mass of participants to move forward with our first binding season in Winter 2027/28. This is a significant moment for the Western Resource Adequacy Program and a result of six years of hard work and collaboration among many stakeholders throughout the West.

The participants who have voiced their commitment to the program represent a broad and diverse group of organizations. In addition to those who signed the letter, there are more participants we expect to remain in WRAP, some that recently joined and even more joining in upcoming years. There also will be some WRAP participants who decide to leave the program. We expect it, and we understand it.

We remain confident in the fundamental premise of WRAP and the value it brings. Over the next two years, in addition to onboarding new members, we will focus on changes and updates to optimize the program and respond to concerns raised by participants and stakeholders. This will allow WRAP to maximize the benefits it delivers when binding operations begin and help address the growing challenge of resource adequacy.