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.

###

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.

###
 

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.

###