Denver-based firm to provide key power block for co-op’s future needs

Brighton, CO — United Power, Inc. (United Power), an electric cooperative serving Colorado’s northern Front Range, and Guzman Energy (Guzman), a wholesale power provider dedicated to developing portfolios that meet their clients’ needs for economical, reliable power, announce the signing of a 15-year contract to deliver wholesale power to the cooperative. 

The power supply agreement features fixed wholesale power pricing that provides the cooperative predictable and stable power supply costs. Under the agreement, Guzman will deliver approximately one-third of the cooperative’s power needs, beginning in May 2024.

“As we move forward with our plan to diversify our power portfolio, this contract is an important part of our strategy,” stated Mark A. Gabriel, President and CEO of United Power. “Guzman has an excellent track record of providing economical resources for cooperatives, and their commitment to integrating renewables will help us control costs while still keeping our eye on environmental impacts.”

United Power’s planned exit from its current power contract will take place May 1, 2024. The move was motivated by a desire to stabilize power costs and provide greater flexibility to the cooperative and its members.

“Wholesale power continues to be United Power’s largest expense, accounting for over 70% of our costs,” stated Gabriel. “Having more predictable power purchase costs will offer many benefits to United Power members today and into the future.”

“We are proud to contribute to United Power’s efforts to reduce power supply costs, gain greater control over generation mix, and contribute to more local, sustainable energy,” said Robin Lunt, Chief Commercial Officer at Guzman Energy. “We look forward to continued opportunities to support United Power and other cooperatives’ success.” 

United Power serves nearly 110,000 meters and maintains and operates over 6,500 miles of distribution line. The 900-square mile service territory wraps around the north and west borders of the Denver International Airport. It includes the north and northeast metropolitan development corridors along Interstate 25, Interstate 76, State Highway 85, and E-470 and the Golden Gate and Coal Creek Canyons, two of Colorado's most iconic and historic mountain canyons. As a result of its geographic location, United Power’s system is experiencing significant demand and energy growth, averaging approximately 6% annually. 

To learn more about United Power’s power supply transition, 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 the cooperative on Facebook, Twitter, LinkedIn, YouTube, and Instagram.

About Guzman Energy

Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies, and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward. Visit www.guzmanenergy.com.

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Brighton, Colo. – United Power, one of the nation’s fastest growing electric distribution cooperatives, issued a Request for Proposals (RFP) on June 23 for additional wholesale electric power products. The RFP seeks projects of up to 300 MW to supplement the general wholesale power contracts the cooperative has already secured in advance of its exit from its current power supplier next May. Resources sought through this RFP are targeted for deployment and/or purchase in 2025-29. 

“This newest RFP continues our commitment to building a comprehensive power supply, not just for when we exit, but as we grow into the future,” stated Mark A. Gabriel, President and CEO of United Power. “We are very interested in not only purchasing power, but in developing new, cleaner generation that is sourced locally. This will help to assure we continue to provide the reliability our members expect, while keeping costs as low as possible.”

Open to both new and existing resources, the RFP is soliciting power sources that will help the cooperative meet longer term environmental goals as well as the expected system growth. Additionally, the RFP seeks strategic partnerships with developers who can plan and execute distributed energy resources on United Power’s local distribution system. 

United Power serves nearly 110,000 meters and maintains and operates over 6,500 miles of distribution line. The 900-square mile service territory wraps around the north and west borders of the Denver International Airport and includes the north metropolitan development corridors along Interstate 25, Interstate 76, State Highway 85, and E-470. As a result of its geographic location, United Power’s system is experiencing significant demand and energy growth, averaging approximately 6% annually. 

United Power has contracted with The Energy Authority (TEA), a national energy marketing and risk management services provider, to issue the RFP and administer the RFP process. Commitments of intent to participate in the RFP are due by July 10. Respondents must submit proposals via TEA’s RFP Marketplace (rfpmarketplace.teainc.org) by July 24. 

Questions about the RFP or RFP process may be directed to UPIRFP@teainc.org.

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 the cooperative on Facebook, Twitter, LinkedIn, YouTube, and Instagram.

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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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Brighton, CO – United Power proudly announces its scholarship recipients for 2023. Each year, the cooperative awards more than $20,000 in scholarships to outstanding students in its service territory. The United Power Scholarship Committee selected 20 high school seniors based on grades, test scores, extracurricular activities, community involvement, and a written essay. Applications are made available by December each year. 

2023 scholarship recipients: 

• Kaden Rademacher, Mead High School, United Power Colorado College Scholarship, $2,000
• Gavin Walker, Prairie View High School, United Power Colorado College Scholarship, $2,000
• Lauren Brown, Frederick High School, United Power Youth Leadership Scholarship, $1,500
• Hayley Howell, Frederick High School, Basin Electric Power Cooperative Scholarship, $1,000
• Gwendolyn Hanks, Frederick High School, Tri-State Generation & Transmission Scholarship, $1,000
• Otis Kindvall, Frederick High School, Lois Lesser Education Scholarship, $1,000
• Dylan Leonard, Brighton High School, Bill Berens Memorial Scholarship, $1,000
• Jolene Her, Prairie View High School, United Power Community College Scholarship, $1,000

Additionally, United Power dedicates a book scholarship to each high school within its service territory, provided students from those schools submit applications. This year, United Power distributed 12 of these $1,000 scholarships, including four “at-large” selections. 

Dedicated book scholarships for 2023 were awarded to Brooklyn Yates, Brighton High School; Megan Derby, Eagle Ridge Academy; Cullen Aasmund-Williams, Frederick High School; Trisha Hammen, Fort Lupton High School; Gabriel Pemberton, Mead High School; Margaret Anne McEldowney, Prairie View High School; Jaden Atencio, Riverdale Ridge High School; Zayne Blair, Cherokee Trail High School; Grace Finnegan, Holy Family High School; Andrew Sawyer, Stargate Academy; Austin Hane, Northglenn High School; and Bailey Chess, Colorado Early Colleges Fort Collins High School. 

More information about United Power’s 2023 scholarship recipients can be found in the May/June issue of the United Newsline.  

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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Retirement of $4.5 Million on its way to Members Beginning in Late May

United Power is more than your local electric utility and you are more than a consumer. You have probably heard there are benefits to cooperative membership. The decisions we make are not to satisfy investors or generate profits, but to serve our members and our communities, ensuring our system is well maintained and delivers reliable power. It is just part of what makes cooperative membership different. 

Another member benefit that sets us apart is the retirement of capital credits. This year, our members will be part of United Power’s 17th consecutive retirement. If you are unfamiliar with this process, capital credits represent your investment in the co-op.

Becoming a Member

The moment you start receiving electric service from United Power, you become a member and an owner of the cooperative. As a member, you have unique privileges, one of which is economic participation. A portion of each electric bill you pay goes toward the cooperative’s operation and infrastructure, which represents your ownership stake. 

Members may also vote annually in the Director Elections or run for a seat on the Board to make their voices heard. By actively engaging and participating with the cooperative, you will always have a voice in our operation. 

Allocation of Capital Credits

Every spring, United Power looks at the prior year and any funds remaining after all expenses have been paid are allocated to members based on the prior year’s electric consumption — generally the more power you use, the larger your allocation will be. 
The allocation is not a check, but a bookkeeping of your ownership in the cooperative, i.e., the amount of money you invested into the electric system based on your electric consumption the past year. The funds are tracked, but not accessible in the form of cash until they are retired. You are notified of your allocation amount on your bill in May or June each year. 

Retirement of Capital Credits

Annually, the Board of Directors assesses the financial condition of the cooperative and determines what amount of capital credits are eligible for retirement. If the Board decides a retirement is feasible, the money is paid out, or “retired,” from each member’s account. The Board approved a $4.5 million retirement this year. Those retirements will be distributed beginning in late May. 

Anyone who had service in 2021 or earlier will be eligible to receive a refund. Refunds more than $50 will arrive as a check, and members who receive a refund less than $50 will see it reflected on their billing statement as a credit. Look for this credit on your bill in May or June. 

“There isn’t a more tangible benefit of cooperative membership than receiving money back on your investment in the utility itself,” said Mark A. Gabriel, United Power’s President and Chief Executive Officer. “Your investment not only makes you an owner, but helps ensure the resiliency of our system, the reliability of your power, and the affordability of our rates. It is a tangible representation of your value as both a member and an owner.” 

Capital credit retirements have returned a steady stream of money back to members in recent years. During the last 17 years, the cooperative has been able to retire millions of dollars back to its members. 

Want to learn more about capital credits? Frequently asked questions can be found at www.unitedpower.com or you can call a member services representative at 303-637-1300. 

IMPORTANT REMINDERS

• If you move, please be sure to leave your new address with us so we can continue to refund any capital credits you are eligible to receive in the future. 

• Upon death, the deceased member’s capital credit account is available for estate retirement. The representative of the estate should contact United Power to settle the capital credit account. 

My old boss used to have a saying, “Predicting rain is one thing, building the ark is another.” I am proud to say that your cooperative, with support from the Board of Directors, developed and is following Our Cooperative Roadmap — the ark for success now and into the future. This journey will continue the evolution of the electric business as we work to meet the needs of you, our members, wherever you are. 

There continues to be a lot of talk about the energy transition — how the future will look, the challenges of changing power suppliers, and the issues with more people and businesses seeking alternative generation sources. Many of these conversations in the industry revolve around concerns for reliability, resilience, and of course affordability, three watchwords for all of us operating your cooperative.

A distribution cooperative like United Power stands at the crossroads of a changing energy industry. It 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. Very few central power stations are being built today, more fossil fuel generation facilities are closing, and transmission projects lag needs. A distribution system operator (DSO) will be counted on to manage a more complex, yet interlocked, system. This will empower you as members and monetize investments in a shared energy economy.

We are focused on staying closely tied to the economic drivers of the communities we serve to bring tax dollars, revenue, and well-paying job opportunities. We must be good stewards of our resources and build on the solid partnerships with our local businesses. I am proud to say that these partnerships are the cornerstone of the cooperative business model. 

Providing high quality and reliable service is crucial because businesses matter. We are restructuring some staff to focus on business and community partnerships — our key accounts. This will allow us to be more responsive, anticipate needs in areas such as power quality, and leverage available grant dollars and tax incentives. Another benefit in controlling our power supply will allow us to craft rates that work for these members.

As a member-owned cooperative, the concept of “meeting you where you are,” aligns with our goal of delivering mutual value. It has the added benefit of keeping investments in the communities we serve while ensuring the reliability and resiliency required in today’s environment. The quiet transition to localized grids, combined with the advancements in management tools and software, returns to continue the electricity enterprises’ original intent of bringing light, motive power, and comfort to the communities being served.

Our Cooperative Roadmap makes sure we are invested in the technological changes our members are navigating in our industry. More members want to self-generate or make energy efficient upgrades to their homes. Others are investing in technologies that will change the way we interface with members. United Power must continue supporting technologies that reduce costs for all members. Programs such as United EV, Smart Rewards for thermostats, energy efficiency rebates, and solar interconnections give members control over how they use power. We are here to support members who want to produce their own power and provide financial incentives that align with our goals of affordability and system control. These programs are aimed at sharing savings with our members when they participate in programs that can reduce our costs.

What does this mean in practice? United Power provides the people and tools to help members make decisions about their own energy use, power generation, use of technologies, and safe integration of batteries and solar panels. It means we are continuously scanning the horizon to make sure our distribution system is ready for tomorrow and safe for today.

We are not just predicting the rain of change but building the ark to ensure we sail into this bright new future.