Our Vision in a Rapidly Evolving Energy Industry
The electric utility industry is undergoing a significant refocus on everything from technology to power supply. The delivery model of today will look vastly different in the next decade. Grid technology is improving, energy markets are evolving, and member demands and expectations are changing. United Power must be prepared to adapt quickly and respond proactively to shifts in an ever-changing environment. We recognize the wealth of opportunities - and challenges - that come with these changes.
Our mission as your local electric cooperative is to safely and responsibly deliver reliable electricity and excellent service to our members. To continue delivering on that promise, we must identify the range of potential futures that we need to prepare for, harness our strengths, recognize where growth and investments are required, and develop innovative approaches to proactively address challenges.
It is, therefore, critical United Power ensures all the pieces work together to optimize financial investments, operating efficiencies, and resources. The intent of our cooperative roadmap is to document organizational objectives to create an alignment from the Board of Directors to every employee and, in turn, our members.
Guiding Principles
The following principles guide our decisions and were used in the development of our cooperative roadmap. These are the lenses through which we evaluate options such as reimagining our power supply, integrating new technologies, preparing for future markets, and supporting the needs of the workforce.
Empower and Engage Our Membership and Community
Engage with our members in meaningful ways. Support our members where they live. Support economic development in the communities where we serve.
Provide Flexible, Affordable, Sustainable Power and Services
Explore power supply options. Offer Energy-as-a-service (EAAS) programs for our members.
Continuously Optimize Our Electric Distribution System
Expand our electric distribution system capacity, considerate of aggressive growth. Execute targeted maintenance, considerate of reliability. Implement design and operational practices, considerate of the future, safety, and risk.
Achieve Business Agility and Resilience Through IT/OT Synergy
Expand system operations capabilities. Progress Advanced Metering Infrastructure (AMI) and Meter Data Management (MDM) solutions. Advance technology, infrastructure, enterprise processes, and enterprise systems.
Recent Roadmap Posts
United Power Named a Finalist for $261 million in New ERA Investment
United Power Signs Power Purchase Agreement with NextEra Energy Resources
Brighton, CO – On Dec. 19, 2023, the Federal Energy Regulatory Commission (FERC) issued a Final Decision that affirms in part, reverses in part, modifies in part, and clarifies in part an Initial Decision issued by a FERC administrative law judge in September 2022 addressing contract termination methodology and procedures for members exiting from Tri-State Generation and Transmission Association, Inc. (Tri-State). This is an important next step in United Power’s path to exit Tri-State by May 1, 2024.
“While we are still reviewing FERC’s order, we are pleased to see that it supports a variation of the balance sheet approach methodology we proposed versus a contract damages or lost revenues approach,” said Mark A. Gabriel, President and CEO of United Power.
In a Dec. 8 settlement with Tri-State, both utilities agreed to cooperate in good faith to provide the information necessary to calculate the amount of the contract termination payment. “To that end, we intend to work together to determine the appropriate adjustments and offsets so that Tri-State can timely file its compliance filing, and we can file an executed withdrawal agreement. United Power is focused on efforts to ensure a positive future for our members,” Gabriel added.
United Power has taken steps to resolve disputes with Tri-State and to reach areas of alignment and agreement to timely facilitate its departure. Most recently, United Power dismissed state court litigation against Tri-State, and filed motions to withdraw its appeal and intervention in two separate matters before the DC Circuit Court. In September, United Power made an immediate payment to Tri-State for Reserved Issue 3 in the Stated Rate proceeding consistent with the guidance in FERC’s final order.
Storage Agreement Will Help Create Flexibility for the Cooperative
Brighton, CO — United Power, Inc. (United Power), an electric cooperative serving Colorado’s northern Front Range, and Whetstone Power, a developer of sustainable energy infrastructure, announce a new partnership for the construction of a battery energy storage system.
The battery energy storage system will be located in United Power’s service territory, giving the cooperative the ability to balance load and further integrate renewable resources into its operations. This 20-year agreement provides for 34 megawatts (MW) of power to be stored and discharged up to six hours for a total discharge capability of approximately 74 gigawatt-hours (GWh) in year one of operation.
“The use of batteries on our distribution network is essential to a resilient and responsive power system and we are excited to be moving ahead aggressively with Whetstone to get this system online,” stated Mark A. Gabriel, President and CEO of United Power. “These battery arrays will give us the ability to balance our power needs throughout the day and incorporate local renewables more efficiently. This furthers our efforts in hyper-localizing our power supply.”
Whetstone’s battery system will be located at a United Power substation and grid-charged, enabling the system to store energy during off-peak periods and discharge during periods of higher consumption. Further, the system will be operated as a six-hour solution, allowing it to discharge over a fairly long duration and thereby providing additional grid stability. This should allow United Power to use more renewable energy, further reducing its carbon footprint while ensuring reliable service to its membership. “We are proud to be a partner with United Power on this unique battery storage project,” said Collin Franceschi, Whetstone Power’s founding partner. “It was a real pleasure to work with the experienced team at United Power and find the ideal solution to meet their needs for helping to ensure clean, sustainable, and resilient energy for years to come.”
Whetstone anticipates that the asset will be placed into service in 2024.
United Power serves nearly 110,000 meters and maintains and operates more than 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 a power portfolio ahead of leaving its current power supplier on May 1, 2024. The cooperative recently announced a prior agreement with Whetstone, in addition to agreements with Guzman Energy, OneEnergy, and Ameresco for portfolio assets related to this exit.
Learn more about United Power’s power supply transition.
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, X, LinkedIn, YouTube, and Instagram.
About Whetstone Power
Whetstone Power shapes and facilitates the sustainable energy transition one project at a time through project development, ownership, asset management, and advisory services. Whetstone thrives on solving complex problems by leveraging the experience of its leadership to provide comprehensive and unique solutions to solve utility, institutional, commercial, and industrial customer energy supply and infrastructure needs. This includes solar, storage, and conventional generation assets in both greenfield development and project redevelopment opportunities. For more information, visit www.whetstonepower.com.
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