POWERING IOWA S ECONOMY

Transcription

1 POWERING IOWA S ECONOMY

2 ABOUT CIPCO Central Iowa Power Cooperative (CIPCO) is committed to providing safe, reliable and affordable electric service to our members at the lowest possible long-term cost. We take pride in offering diversified, efficient and sustainable sources of energy to our members in a way that reduces our carbon footprint and minimizes the impact to the environment now and in the future. Bill Cherrier Executive Vice President & CEO

3 As a leading energy provider, CIPCO s balanced portfolio is comprised of a diverse mix of nuclear, wind, hydro, solar, landfill gas, natural gas, coal and oil energy resources. CIPCO is committed to providing environmentally-friendly energy; over 60 percent of our generation is carbon-free*. *All or some of the renewable energy credits associated with this generation may have been sold or may be sold in the future, to other parties, or may be used to comply with future regulatory requirements. 38.3% Coal 33.7% Nuclear 2016 SOURCES OF ENERGY 4.1% of supply is purchased via interchange 27% Wind, Hydro, Solar & Landfill Gas.5% other purchases.5% Natural Gas & Oil

4 member systems & generation facilities South Iowa Municipal Electric Cooperative Association (SIMECA): Municipal utilities of Bellevue, Brooklyn, Cascade, Corning, Durant, Earlville, Fontanelle, Gowrie, Greenfield, Lamoni, Lenox, Orient, Stuart, Villisca and Winterset Guthrie 18 Southwest Iowa Midland Power Farmers 8 13 Clarke 3 15 Consumers Energy Pella 14 East-Central Iowa T.I.P Linn 4 Maquoketa Valley Eastern Iowa 17

5 1 - Western Area Power Administration 2 - Hancock County Wind Energy Center, Garner 3 - Story County Wind Energy Center, Colo 4 - Elk Wind Farm, Greeley 5 - Hawkeye Wind Farm, Hawkeye 6 - Rippey Wind Farm, Grand Junction 7 - Pioneer Grove Wind Farm, Mechanicsville 8 - Summit Lake, Creston 9 - NextEra Energy Duane Arnold, LLC, Palo 10 - Louisa Generating Station, Muscatine 11 - Walter Scott, Jr., Energy Centers #3 & #4, Council Bluffs 12 - Linn County Solid Waste Agency, Marion 13 - Clarke Solar Farm, Osceola 14 - ZON VELD (Sun Field), Pella 15 - Marshalltown Gateway Centre Solar Array, Marshalltown 16 - Urbana Solar Acres, Urbana 17 - Eastern Iowa Solar, Wilton 18 - Southwest Solar, Corning Hydroelectric Wind Wind Wind Wind Wind Wind N. Gas & Oil Nuclear Coal Coal Landfill Gas Solar Solar Solar Solar Solar Solar

6 BY THE NUMBERS CIPCO is Iowa s largest member-owned, not-for-profit electric cooperative that generates and transmits power to 13 member-owned rural electric cooperatives and associations. CIPCO and its member systems serve approximately 54 percent of the rural electric cooperative meters in Iowa resulting in 43 percent of the kilowatt-hour sales. Energy Sales Operating Revenue Net Margin Total Assets Average System Rate Miles of Transmission Lines Population Served Commercial/Industrial Accounts Iowa Counties Served As of December, million kwh $188 million $22 million $768 million 6.32 cents/kwh 1, ,000 (approx.) 12,800 (approx.) 58

7 ABOUT OUR MEMBERS CIPCO and our member systems work together as one utility. Cooperation among cooperatives is a cornerstone to the rural electric cooperative system, and we re committed to that philosophy. Together, we: are governed by local boards of directors. employ 600 full-time staff members with more than $45 million in annual payroll. maintain approximately 30,000 miles of transmission and distribution lines. have returned more than $144 million in patronage since inception. Cooperative principle #6: Cooperation Among Cooperatives Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

8 RATE STABILITY CIPCO s wholesale rates have remained relatively flat over the past eight years all while making important investments in transmission infrastructure and diverse, carbon-free generation resources. Mills / kwh (rates) Percent of Power Supply Portfolio 0 Year Average System Rate Percent Carbon-based Percent Carbon-free

9 POWERING INNOVATION Emerging technology in the transportation sector has a direct impact on electric utilities. To support and promote newer, longer-range electric vehicles, CIPCO purchased a fullyelectric vehicle for use by its employees and the member systems. A new marketing program provides incentives for the purchase of all-electric and plug-in hybrid electric vehicles. In addition, businesses may qualify for incentives on charging stations. This is another way CIPCO is powering Iowa s economy and reduces environmental impacts.

10 POLICY INITIATIVES In 2018, CIPCO supports: legislation encouraging utility-owned solar. protection of Iowa s defined service territories. legislation focused on the safety of line personnel. geothermal property tax parity. responsible measures for vegetation management.

11 POWERING IOWA S COMMUNITIES CIPCO is dedicated to supporting communities and organizations within our service territory. To that end, we donated nearly $82,000 to nonprofits, community organizations and youth groups in Investing in the communities served by CIPCO and its member systems is critical for rural growth in Iowa. CIPCO s donations have supported the new Marion YMCA, UnityPoint Health Rural Health Care Endowment, the Indian Creek Nature Center, Creston Fire Department, Iowa-Illinois Safety Council, Junior Achievement of Central Iowa, the West Bertram Fire Department, Iowa State Fair Blue Ribbon Foundation and countless others.

12 POWERING ECONOMIC DEVELOPMENT Supporting the rural economic growth of Iowa s communities contributes to the state s vitality. Together, CIPCO and its member systems reinforce their commitment to economic development by attracting and supporting companies to rural areas within their service territories. In 2017, CIPCO and its member systems assisted with many projects, including $360,000 toward the revitalization of the Bricker-Price Block project in Earlham. Additionally, the Sully Locker and Market overcame a devastating loss with the help of $225,000 in financial support from CIPCO to reopen in late Pictured opposite, from left: Doug Stewart, Pella Cooperative Electric; Stacey and Jared Nikkel, owners of Sully Locker and Market; and Cheri Monahan, CIPCO, at loan closing.

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14 board of directors Allan Duffe Wilton Marcel Fett* Audubon Duane Armstead Greenfield Nicholas Hammes* Sigourney Duane Ver Ploeg Pella Paul Heineman* Ogden Dan Westphal* Bridgewater

15 Roger Krug Fairfax Allen Albers Keystone Gene Manternach* Cascade Randy Rouse Allerton Cooperative directors are elected directly by the membership to guide the organization in making decisions. *Indicates member of the CIPCO Legislative/Public Policy Committee. Pat VonAhnen Marshalltown Dale Walkup Redding

16 HOW IOWA UTILITIES DIFFER Iowans receive their electric service from one of three types of utilities. Iowa has assigned each utility a defined service territory since Electric Cooperatives (REC) - 44 Municipal Utilities (Muni) Investor-Owned Utilities (IOUs) - 2

17 Average Number of Customers Per Mile of Line % of Electric Customers Served in Iowa Electric Cooperatives IOUs Municipals Municipals % Electric Cooperatives % IOUs % Percent of Customers by Type REC Muni IOU 11.6% 87.7% C & I Residential 13.8% 84% C & I Residential 14.5% 84.3% C & I Residential.7% Other 2.2% Other 1.2% Other

18 MEMBER SYSTEMS & CONTACTS Clarke Electric Cooperative, Osceola David Opie (800) Consumers Energy, Marshalltown Jim Kidd (800) East-Central Iowa REC, Urbana Steve Marlow (877) Eastern Iowa Light & Power Wilton Kirk Trede (800) Farmers Electric Cooperative, Inc. Greenfield Charles Dunn (800) Guthrie County REC, Guthrie Center Cozy Nelsen (888) Linn County REC, Marion Terry Sullivan (319) Maquoketa Valley Electric Cooperative Anamosa Jim Lauzon (800) Midland Power Cooperative, Jefferson Bill McKim (800) Pella Cooperative Electric Assn., Pella Jon Miles (800) Southwest Iowa REC, Corning Phil Kinser (888) T.I.P. Rural Electric Cooperative, Brooklyn Jon Miles (800)

19 Bellevue Municipal Utilities Bob Ploessl (563) Brooklyn Municipal Utilities Troy Meldrem (641) Cascade Municipal Utilities Ron Benke (563) Corning Municipal Utilities Tim Larsen (641) Durant Municipal Electric Plant Tami Allison (563) Earlville Municipal Utilities Jake Harris (563) Fontanelle Municipal Utilities David Sickles (641) Gowrie Municipal Utilities Chuck Angstrom (515) Greenfield Municipal Utilities Scott Tonderum (641) Lamoni Municipal Utilities Jon Barney (641) Lenox Municipal Utilities John Borland (641) Orient Municipal Utilities Gary Lowe (641) SIMECA MEMBERS Stuart Municipal Utilities Pat Howey (515) Villisca Municipal Power Plant Kyle Yates (712) Winterset Municipal Utilities Chuck Johnson (515)

20 Des Moines Office: Grand Ave. Suite 300, Des Moines, IA Cedar Rapids Office: Highway 13 SE, Cedar Rapids, IA