National Drive Electric Week is Sept. 22 - Oct. 1

The Colorado Energy Office announced an ambitious grant program in 2018 to develop several electric vehicle (EV) fast-charging corridors throughout the state, making travel possible even across its large rural and mountainous areas. Many of these corridors have started to come into shape over the past couple years, which is a large part of why the state has consistently been ranked among the best places to own an EV as a daily driver. 

Once completed, several of those corridors will traverse along interstate, state, and U.S. highways that intersect United Power’s suburban territory north and northeast of Denver. The cooperative proactively launched its own fast-charging network in conjunction with ChargePoint in 2019, and received a grant from the Colorado Energy Office to install its second location in Keenesburg in 2021. A third was also added at the Carbon Valley office last year. The network was designed to bridge gaps in available charging options and make rural EV ownership more practical and feasible.

Members who are still unsure about EVs may be interested in learning more about new programs United Power has introduced in the past year, including United EV, a pilot program that provides cost-effective at-home charging solutions, and make-ready wiring rebates, providing up to $1,000 toward the cost of preparing your home for an EV charger.  

United EV enrollment provides a complete service package including installation and setup of a wall-mounted ChargePoint Home Flex level 2 charger and maintenance and repairs for the duration of the enrollment period. All this is available for a $19 monthly service fee. 

For more information about United EV, available wiring rebates, and charging network locations, visit the cooperative’s EV Home or reach out to the Energy Management team at 303-637-1233. 

United Power Announced Three New Power Purchase Agreements in July

United Power recently announced three new power purchase agreements in advance of its upcoming exit from its current wholesale power contract with Tri-State Generation and Transmission in May 2024. The cooperative has reviewed dozens of power supply proposals over the past several months to determine the most fiscally and socially responsible partners moving forward. Finding and securing established partners in the energy industry will not only ensure sufficient power supply is available for United Power’s growing load, but having multiple agreements also presents added flexibility for the cooperative’s power mix.

United Power tried to no avail to negotiate more contract flexibility and lower costs on behalf of its members. These costs are above market value, accounting for more than 70% of the cooperative’s operating expenses. Further, the existing contract locks United Power into a restrictive generation mix and prevents it from obtaining more than 5% of its total load from locally generated sources, such as utility-scale solar farms, gas-capture facilities, or even residential rooftop solar. The cooperative’s  power purchase agreements announced in July demonstrate the freedom available by exiting its current wholesale power contract next year. 

Two of the three agreements will facilitate a large portion of United Power’s expected load when the cooperative exits its current contract. The cooperative’s load is presently the largest among Colorado distribution co-ops — at more than 630 megawatts (MW) — despite serving the smallest geographic footprint. The third agreement is an innovative battery storage solution that will help mitigate costs when power demand is high — also known as peak demand. 

“The energy industry is entering a period of revolutionary change,” said Mark A. Gabriel, United Power’s President and Chief Executive Officer. “We have always put our members first and will continue to do so while advancing our position as an industry-leading distribution cooperative. Leaving our restrictive wholesale power contract affords us the flexibility and freedom to keeps rates competitive, join national power markets, and attract innovative energy partners.” 

As the exit date approaches, questions about the cooperative’s future have started to circulate. It is important that members know the upcoming power supply transition will not impact your membership with the cooperative. United Power will continue as your power provider. New power suppliers will allow the co-op to better serve its members, who can expect the same commitment to delivering reliable and economical electricity to local homes and businesses. Office locations in Brighton, Coal Creek, and Carbon Valley will also still provide the service and support members have come to expect.  

Guzman to Provide Key Power Block

United Power’s power purchase agreement with the Denver-based power supplier Guzman Energy locks in one-third of the cooperative’s power needs beginning in May 2024. The 15-year agreement features fixed wholesale power pricing that provides prearranged power supply costs and rate stability for members. 

Guzman partners with cooperatives, municipalities, companies, and tribes across North America to customize energy portfolios that make economic and environmental sense.

New Utility-Scale Solar Addition

United Power signed a 25-year power purchase agreement to receive power from Whetstone’s Solar of Alamosa project in Southern Colorado. It will add 30 MW of renewable energy to the co-op’s diverse portfolio of generation resources beginning in 2024. 

The solar farm sits atop one of the state’s highest elevation plateaus and receives some of the highest irradiance in the country. Built in 2012, project upgrades are scheduled throughout 2024 to achieve optimum power output. 

Ameresco’s Largest Battery Project

United Power and Ameresco will partner to connect nearly 80 MW/315 MWh of battery storage capacity throughout the cooperative’s service territory. The groundbreaking project will allow United Power to balance its load while integrating renewable resources. Batteries will be located on eight different cooperative-owned substation sites in Adams, Broomfield, and Weld counties, storing and dispatching power during heavy consumption periods. 

Xcel Energy to provide United Power and its members with excess low-carbon, renewable electricity

Brighton, CO – United Power an electric cooperative serving Colorado’s northern Front Range, and Xcel Energy, one of the nation’s largest investor-owned utilities, entered into a strategic relationship to explore opportunities for maximizing the value of their combined portfolios and advancing the State of Colorado’s progress toward a low-carbon energy footprint. The utilities are entering a power supply arrangement that would provide United Power access to Xcel Energy’s increasingly carbon neutral portfolio to the benefit of Xcel Energy customers and United Power members. The working agreement will allow both utilities to leverage cost savings through power purchases while continuing to invest in new, clean renewable resources.

“This is a win-win for both utilities,” stated Mark A. Gabriel, President and CEO of United Power. “The ability of two large utilities working toward a common goal will benefit everyone. Together we will plan our energy needs, negotiate lower pricing, and assure reliability for our members and customers. This is an important step as we enter the new future of electric procurement and delivery.”

The agreement aims to facilitate a shared strategic vision for electric power delivery. Xcel Energy seeks to leverage its renewable energy resources by making sales to United Power at times when excess energy is available, providing United Power with access to Xcel Energy’s significant portfolio at attractive prices. The two utilities hope to develop a long-term relationship in which both will work in tandem to drive down power costs, understand how best to serve the future load of the cooperative’s members and Xcel Energy’s customers, and work toward the mutual goal of integrating more renewable energy in support of the State of Colorado’s renewable resource goals.

“The electric industry is changing, and United Power is working with Xcel Energy to help lead this revolution,” stated Gabriel. “Meeting federal and state requirements, keeping costs economical, and making certain our load is predicable are planned outcomes of this strategic relationship.”

United Power is preparing for an exit from its current wholesale power contract with another power supplier on May 1, 2024. The electric cooperative has been securing a variety of power generation contracts to continue to supply its members following its exit from the contract.

“Today’s announcement solidifies our close working relationship with United Power, one of the largest and fastest-growing cooperative utilities in Colorado, by supplying increasingly carbon-free energy from Xcel Energy’s generation resources,” said Robert Kenney, President of Xcel Energy-Colorado. “Our strategic relationship will maximize the value of both companies’ combined generation towards achieving our goal of reducing carbon emissions by 80% by 2030, from 2005 levels, and providing 100% carbon-free electricity by 2050.” 

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 Co-op 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, X (formerly known as Twitter), LinkedIn, YouTube, and Instagram.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on X, formerly known as Twitter, and Facebook.    

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It is hard to believe we are already entering the fall season. Summer flew by while your cooperative employees were hard at work on a number of fronts — improving service, working toward an energy future outlined in Our Cooperative Roadmap, and managing the tremendous growth in our communities.

We spent much of the summer finalizing our power supply portfolio — one that will provide members with a mix of traditional and low-carbon power and storage solutions. The break from our current power supplier will allow significant freedom and flexibility, representing the rapidly changing energy industry, in a reasonable time frame, as opposed to waiting until the end of the decade.  

We are blessed to have a strong mix of residential, commercial, and industrial members in our small 900-square mile service territory, as well as consistent and significant growth. Our system’s diversity means we are a highly desirable partner for companies wishing to locate here and work with United Power to deploy new and innovative technologies.

The future is not just about adding more generation — although necessary to meet growing demand — but also operating our system differently (and more efficiently) than the past. For example, five years after launching what was Colorado’s largest battery storage facility at the time, we have entered an agreement to deploy nearly 80 additional megawatts of battery storage across our footprint, one of the nation’s first dispersed storage projects. This will allow us to charge the batteries when energy costs are low and reduce the demand on our system during peak hours. 

The rise in electric vehicle sales has led to a curious conversation that today’s grid cannot handle the load without massive investments in infrastructure or significant control options. We have among the highest penetrations of EVs and plug-in hybrids in the nation. Here at United Power, we constantly monitor our transformers and energy consumption, proactively managing and improving our system in advance of challenges. Each year, we strategically plan our maintenance to target the worst performing feeders — those lines supporting our members in their neighborhoods — and carefully focus our investments. Your Board of Directors not only supports these activities but works closely with management to ensure we are making the right investments to keep this most critical infrastructure strong. 

This is not to say there will never be outages. Sadly, critters, crashes, storms, and lightning wreak havoc on electric grids, no matter how well built. United Power crews work diligently through some of the most terrible conditions to restore power quickly — and safely. The addition of our Carbon Valley Service Center in 2019 has also allowed us to cut down outage response times in our western territory.

We continue to lead the nation in residential solar installations and support members who want to add solar, as well as storage. Last year, the Colorado Solar and Storage Association recognized United Power as a Solar & Storage Champion for its member interconnection process and rooftop solar saturation. 

We do caution members to be selective in choosing their solar contractor. Several door-to-door salespeople have been reported using unscrupulous tactics, including lies and fabrications, to sell their services. Be leery of any representative mentioning United Power. Our team is available to provide unbiased information and all the tools you need to make the right decision when it comes to solar. Simply call us at 303-637-1300 or visit Going Solar.

As a United Power member-owner, you have a special relationship with the cooperative. Please feel free to reach out to me personally with any questions or comments. I appreciate the honor to serve you.

Enjoy our beautiful fall weather.