Contract will authorize TEA Solutions to coordinate United Power’s growing portfolio of power contracts

United Power, Inc. (United Power) and TEA Solutions entered into an agreement on June 1 to support United Power’s transition to new power suppliers. The Energy Authority (TEA), headquartered in Jacksonville, FL, provides public power entities with strategic perspective on deriving maximum value from their assets, and offers advisory services, advanced analytics, and renewable solutions. TEA Solutions, a sister company of The Energy Authority, was created to serve community-owned utilities such as cooperatives.   

“This agreement marks an important strategic step toward United Power’s new energy future,” stated Mark A. Gabriel, United Power President and CEO. “United Power has been dedicated to building a new network of service providers and energy sources for the planned exit from our current power supplier next spring. This marks a vital step in the process, and we are proud to partner with a firm that has the expertise and experience to help us be successful in this significant endeavor.”

“We are honored to be chosen by United Power to be their strategic partner,” stated Joanie Teofilo, President and CEO of The Energy Authority and TEA Solutions.  “We were created to support community-owned utilities and look forward to working with United Power to achieve its mission to provide efficient and reliable power to its members.”

United Power’s exit from its current wholesale power supply contract will be complete May 1, 2024. The cooperative is in the process of securing both the power contracts and strategic expertise necessary to capitalize on the changing energy marketplace, which in turn, will bring considerable value to its members.

“We are working to provide not only reliable power, but power that is more economically priced for our members,” stated Gabriel. “As the energy market expands west, we will be able to take advantage of available resources including clean, renewable energy generation, and increase our investment in local energy generation sources.”

To learn more about how United Power is moving into a new energy future, visit Power Supply. 

About United Power

United Power is a member-owned, not-for-profit electric cooperative, delivering electricity to homes, farms, and businesses throughout Colorado’s northern front range. The cooperative is one of the fastest-growing electric co-ops in the nation, and in June 2021 joined the elite ranks of cooperatives serving more than 100,000 meters. The 900-square mile service territory extends from the mountains of Coal Creek and Golden Gate Canyon, along the I-25 corridor and Carbon Valley region, to the farmlands of Brighton, Hudson, and Keenesburg. United Power is also a founding member of the NextGen Cooperative Alliance, which is dedicated to expanding the power supply and procurement options available to distribution co-ops and reforming the traditional generation and transmission business model. For more information about United Power, visit www.unitedpower.com or follow them on Facebook, Twitter, LinkedIn, YouTube, and Instagram.

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Douglas Wins East District Seat; Three Incumbents Re-elected

Brighton, CO – United Power hosted its 2023 Annual Meeting on April 12. Members were invited to attend the meeting in person at Riverdale Regional Park in Brighton or watch live on the cooperative’s website. Approximately 500 members and guests participated in this year’s meeting, which included a video recap highlighting accomplishments over the last year, an annual financial report, a presentation on the future of the cooperative, and the certification of the 2023 Director Election.

Voting in the Director Election was conducted via mail-in and electronic balloting. The cooperative introduced electronic balloting in 2022 to provide members with a fast, secure, and convenient way to submit ballots and avoid delays in mail handling. Nearly 7,000 member ballots were cast in the election. Mountain District incumbent, Tamra “Tami” Waltemath, ran unopposed and will retain her seat with 5,918 votes. James Vigesaa received 1,960 votes winning the seat in the South District. Jamie Klein, Ken Kreutzer, and Katherine “Kathy” Mills received 1,271, 1,876, and 1,455 votes, respectively. In the West District, Virginia “Ginny” A. Buczek retained her seat after receiving 4,003 votes in this year’s election. Thomas “Tom” Hogan received 2,510 votes. Steven “Steve” Douglas received 3,614 votes to win the East District seat. Robert “Rob” Masden received 2,994 votes. 

Beth Martin, United Power’s Board Chairman, and Mark A. Gabriel, President and CEO, summarized the cooperative’s performance in 2022 with a video presentation. Last year, United Power reaffirmed its decision to exit its wholesale power contract in an effort pursue a more flexible, affordable, and reliable power supply. Over the course of the year, the cooperative achieved record-breaking reliability, and introduced its members to Our Cooperative Roadmap, an ever evolving plan outlining the co-op’s vision for maintaining its strength in a rapidly changing electric industry. 

“No matter what the future holds, providing reliable electric service will always be at the core of our business,” said Martin. “We made great strides in 2022 – strengthening our system, improving reliability, and protecting our communities.” 

Wildfire danger is an element of risk United Power takes seriously, with a continuously updated fire mitigation plan designed to protect our members and communities. In 2022, the cooperative removed vegetation encroaching on approximately 40 miles of line; applied a fire retardant to more than 400 poles; and added red flag warning procedures, which are activated when suitable wildfire conditions are present.

United Power also continued to evaluate opportunities to expand its electric vehicle (EV) offerings for members in 2022. The cooperative energized its third fast charger, rolled out its United EV pilot program, and launched its EV wiring rebate. 

Member Choice grants, which allow members to nominate local nonprofits to receive grant dollars from the cooperative, were renewed for a third year in 2022. Six organizations were selected from dozens of nominations to receive a total of $12,000 through the program. 

“Underlying all of these accomplishments is a dedicated team of United Power employees working to ensure they meet your needs,” said Gabriel. “Over 180 cooperative employees show up every day ready to put you first. They keep our systems secure and strong, take pride in working safely, and make sure that our members’ needs are met.”

Keith Alquist, United Power’s Board Treasurer, presented the cooperative’s financials and reported another strong year. The finance team continues to receive compliments from auditors for their professionalism, completeness, and accuracy in preparing financial statements at year-end and on a monthly basis.

Gabriel concluded the business meeting with a presentation about the future of the electric industry. He highlighted the many ways the cooperative has already begun to proactively address the changing utility environment – from driving economic prosperity for its communities through tax revenue and job creation to how it is meeting the crucial needs of large business members. He also discussed local generation and self-generation as well as the technologies that work in conjunction with a robust electrical system that benefit the cooperative, its communities, and the members. 

“A distribution utility like United Power stands at the crossroads of a changing energy industry and needs to transition from a simple distribution operator to managing a system that is agnostic to inputs and flexible enough to handle both centralized power and local generation,” he said.

Videos and information presented at the 2023 Annual Meeting, including the cooperative’s 2022 Annual Report, are available here. 

United Power is a member-owned, not-for-profit electric cooperative, delivering electricity to homes, farms, and businesses throughout Colorado’s northern front range. The cooperative is one of the fastest-growing electric cooperatives in the nation, and in June 2021 joined the elite ranks of cooperatives serving more than 100,000 meters. The 900-square mile service territory extends from the mountains of Coal Creek and Golden Gate Canyon, along the I-25 corridor and Carbon Valley region, to the farmlands of Brighton, Hudson, and Keenesburg. United Power is also a founding member of the NextGen Cooperative Alliance, which is dedicated to expanding the power supply and procurement options available to distribution co-ops, reforming the traditional generation and transmission business model. For more information about United Power, visit www.unitedpower.com or follow the cooperative on Facebook, Twitter, LinkedIn, YouTube, and Instagram.

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