NOTICE OF CHANGE IN THE RATES AND TARIFFS OF UNITED POWER, INC.

DATE OF NOTICE: April 26, 2024

You are hereby notified that UNITED POWER, INC. (United Power) proposes to make changes to several of its rate tariff schedules to become effective for energy usage on or after June 1, 2024. An increase is necessary for all rate classes to fund the exit from United Power’s Wholesale Supplier. There will be a 5.7% increase to the Large Commercial Coincidental Peak Primary Demand (CPP1) and a 6.1% increase to the Large Commercial Coincidental Peak Secondary Demand (CPS1). There will be an 8.6% increase to the Industrial Service Substation or Transmission Service (ITD1), a 9.2% increase to the Industrial Service Substation or Transmission Service (ITD3), and a 9.6% increase to Industrial Service Substation/Transmission Service (ITD4) rates. The Residential Time of Use (RTD1), Residential Smart Choice (RD1), Residential TOU Demand Service (RDP1), Large Commercial Secondary Demand Service (ISD1), and Large Industrial Primary Demand Service (IPD1) rates will have a 9.7% increase. The increase to the Residential (R1), Small Commercial (C1), and Small Commercial Time of Use (CTD1) rates will be 9.8%. The Industrial Service Substation or Transmission Service (ITD2) rate will have an increase of 9.9%. The increase to the Irrigation (IRR2) rate will be 10%. The Shared Lighting Service rate will have an increase of 11.3% and the Non-Metered Lighting Service rate will have an increase of 11.5%. The Small Industrial Primary Service (SIP1) rate increase will be 14%. The Renewable Resource Green Power Optional Rider Tariff, Sheet 9.3, will reflect updated program requirements and rates, effective Aug. 1, 2024, for a new, 100% Offset option on a per kWh basis and 100-kWh blocks. 

In addition to rate tariff changes, there are minor modifications to update and reflect current business practices in the Rules and Regulations. These updates are to become effective on or after June 1, 2024. The identified areas needing revisions or updating include: (1) Service Connection and Line Extension Fee Schedule and (2) Current Business Practices for estimated billings. 

The present and proposed tariff provisions are available for examination at the Coal Creek branch office, located at 5 Gross Dam Road, Golden, CO; the headquarters office located at 500 Cooperative Way, Brighton, CO; and the Carbon Valley Service Center office at 9586 E. I-25 Frontage Road, Longmont, CO.

Anyone who desires to comment about the proposed changes shall file either an informal complaint or a formal complaint with United Power at 500 Cooperative Way, Brighton, CO 80603 at least 10 days before the proposed effective date. 

An informal complaint shall be in writing and shall contain such facts and other information to adequately state the reason(s) for the complaint. An informal complaint regarding the proposed tariff changes shall be considered by United Power, but will not require that a hearing be held.

Anyone who desires a hearing must file a specific and formal complaint to the proposed changes and a request for hearing at least 10 days before the proposed effective date. A formal complaint shall be in writing in the form prescribed by United Power’s Regulations Governing Consumer Complaints and Related Matters. Upon request, a copy of said regulations is available from United Power.

United Power may hold a hearing to determine what changes will be authorized, regardless of complaints. If proper formal complaints and request for hearings are timely filed, the United Power Board of Directors shall schedule a hearing. The changes ultimately authorized may or may not be the same as those proposed and may include changes different than those tariffs proposed or currently in effect. Anyone who desires to receive notice of hearings, if any, shall make a written request therefor to United Power, at the above address, at least 10 days before the proposed effective date.

UNITED POWER, INC.

By: Mark A. Gabriel, President and Chief Executive Officer
 

Agreement adds 150 MW of Solar to the Cooperative’s Power Mix

Brighton, CO—United Power, Inc. (United Power), an electric cooperative serving Colorado’s northern Front Range, and a subsidiary of NextEra Energy Resources, LLC, the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage, announce the signing of a power purchase agreement on April 9. Under the 25-year agreement, United Power will receive output from NextEra Energy Resources’ South Platte Solar project, which is scheduled to begin operations in December 2027. 

“United Power continues to build on our growing portfolio of local, renewable resources under this agreement,” stated Mark A. Gabriel, President and CEO of United Power. “Our strategy is to continue to add resources to our power mix that complement our growth. This new resource is scheduled to come online at the end of 2027 to offset the ongoing territory growth that we expect to see.”

NextEra Energy Resources, the owner and operator of the South Platte Solar project, is building the 150 MW facility in Morgan County. The solar installation is expected to generate more than 350,000 MWh annually. 

“We are thrilled to work with United Power to deliver clean, sustainable energy to its members through our South Platte Solar project,” said Jim Shandalov, VP of Power Origination at NextEra Energy Resources. “Adding 150 MW of solar energy to its supply mix will enable United Power to deliver cost-effective, clean energy in response to its growing power demand.” 

United Power serves more than 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.

United Power is building an energy portfolio ahead of leaving its current wholesale power supplier on May 1. Since July 2023, the cooperative has announced multiple agreements with providers and generation sources for portfolio assets related to this exit. To learn more about these contracts and United Power’s power supply transition, visit www.unitedpower.com/powersupply. 

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 NextEra Energy Resources
NextEra Energy Resources, LLC (together with its affiliated entities, “NextEra Energy Resources”) is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 30,600 megawatts of total net generating capacity, primarily in 41 states and Canada as of year-end 2023. NextEra Energy Resources is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. The business operates clean, emissions-free nuclear power generation facilities in New Hampshire and Wisconsin as part of the NextEra Energy nuclear fleet. NextEra Energy Resources offers a wide range of clean energy solutions to help businesses and customers across the country meet their emissions reduction goals. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit: www.NextEraEnergyResources.com.

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Electronic Balloting Now Open; Paper Ballots Mailed March 15

Brighton, CO – Balloting in United Power’s 2024 Director Election is open. Members of the cooperative have the option to cast their ballots electronically through their online account or via paper ballot, mailed to members on Friday, March 15. Electronic and mail ballots must be received by 11:59 a.m. on April 16. Members may also vote in person at the cooperative’s Annual Meeting on April 17.

United Power encourages all members to cast their votes in the annual Director Election. Voting allows members to have a voice in their board representation and helps the cooperative better serve its members. Members can log into their online account or the United Power mobile app to cast an electronic ballot. Click the “Vote Now” button to access the ballot. Mail ballots should be returned via the postage-paid envelope included in the ballot package.

Four positions on United Power’s Board are up for election this year – one seat in the Mountain, North, Central, and South Districts. The director candidates are Stephen Whiteside (incumbent) in the Mountain District; Brian A. McCormick (incumbent) in the North District; Tim Erickson (incumbent) and Paige Wagner-Maul in the Central District; and Brad Case (incumbent) in the South District. Candidate statements are available here.

Directors represent all members and are elected on an “at-large” basis. This means members may cast a vote for a director in each district and not just their own. Directors serve in geographic districts to ensure United Power’s Board adequately represents members throughout the service territory and provides accessibility to cooperative leadership.

A bylaw amendment is included on this year’s ballot regarding the length of a director’s term. Members will be asked whether director terms should be lengthened from three years to four years.

Director Election and bylaw amendment results will be announced at the 2024 Annual Meeting, held at the Riverdale Regional Park & Fairgrounds in Brighton on April 17. Registration for the meeting opens at 4:30 p.m. and balloting closes at the beginning of the official business meeting at 6:30 p.m. A livestream of the meeting will be hosted on the cooperative’s website at www.unitedpower.com/annual-meeting.

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, X, LinkedIn, YouTube, and Instagram.

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