Title
Co-op Announces 2022 Capital Credit Retirement
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Monday | May 2, 2022
Card Teaser
Retirement of $4.5 Million on its way to Members Beginning in Late May
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. Over the past two years, we have had to navigate pandemic restrictions, making provisions for the health of the cooperative and also to support our members. The decisions we made were not to satisfy invisible investors or generate profits, but to serve our members and our communities. 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 16th consecutive retirement. If you are new to the cooperative or unfamiliar with this process, capital credits represent your investment in the co-op. Here’s how it works:
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 you have an ownership stake in. Members may also vote annually in board elections or run for a seat on the Board to make their voices heard. (A full recap of the 2022 Annual Meeting is available on page 10.) 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 – the more power you use, the larger your allocation will be.
The allocation is not a check, but a representation of your ownership in the cooperative, i.e. the amount of money you have invested into the electric system based on your electric consumption. The funds are tracked, but not accessible in the form of cash. You are notified of your allocation amount on your bill in May each year.
Retirement of Capital Credits
Annually, the Board of Directors carefully 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. This year, the Board approved a $4.5 million retirement. 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 15 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.
Title
Co-op Announces 2023 Capital Credit Retirement
/sites/default/files/styles/news_card_553x430_/public/news/CapitalCredits_1320x860.png?h=45932144&itok=gEFxjqd2
Friday | May 19, 2023
Card Teaser
Retirement of $4.5 Million on its way to Members Beginning in late May.
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.
Title
Co-op Cares Receives Funding for 2021
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Monday | January 11, 2021
Card Teaser
An additional $250,000 has been allocated to the Co-op Cares Fund for this year.
The United Power Board of Directors has allocated an additional $250,000 to the cooperative’s Co-op Cares Fund for this year. The fund was created in April 2020 as a response to the COVID-19 pandemic, and was designed to provide financial assistance to members who have been directly impacted, especially by illness or job loss.
“We’ve seen an increase in the number of members who are struggling to make their payments because of the lasting effects of this pandemic,” said Laurie Burkhart, the cooperative’s chief financial officer. “The Co-op Cares Fund was the result of proactive measures by the cooperative to provide temporary relief to members who were unfortunately impacted in dramatic ways. The inability to make payments can be a serious burden to carry. We hope our Board’s additional allocation to the Co-op Cares Fund provides some measure of relief to our members.”
The cooperative was able to finance the Co-op Cares Fund by allocating funds from unclaimed capital credits, which are capital credits that were not claimed by former United Power members after several attempts to notify them over a period of years. This past year, the Board allocated $300,000 in unclaimed credits to the Co-op Cares Fund. An initial allocation of $250,000 was made in April, and an additional $50,000 was added later in the year after it was clear more assistance was needed for impacted members.
“The Co-op Cares Fund has been an important pillar in our strategy to provide support to our members during this difficult time, and complements the many other ways United Power is helping our members weather this situation,” said interim CEO Bryant Robbins in a December press release announcing the additional allocation. “Through this program, United Power has provided $550,000 in direct assistance to our members who have been financially impacted by COVID-19. We are proud to have already provided assistance to more than 1,500 members.”
In addition to the Co-op Cares Fund, United Power has various means of helping members stay on top of their electric bills, including payment arrangements, extensions, prepay, budget billing and assistance from local agencies. United Power encourages members to contact Member Services so we can connect them with the most appropriate assistance program for their situation.
“United Power has several ways to help members when they are having difficulty paying their electric bills,” stated Robbins. “All we are asking our members to do is pick up the phone and call us if they are having difficulty paying their bill. We can’t help you if we don’t know you are struggling.”
The Co-op Cares Fund will be available for assistance through the end of 2021, or when the fund is depleted. United Power members who are impacted by the current emergency or any other situation can reach our Member Services department at 303-637-1300.
Title
Co-op Here to Stay
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Monday | September 25, 2023
Card Teaser
It is important that members know the upcoming power supply transition will not impact your membership with the cooperative.
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.
Title
Colorado Electric Cooperatives Ask State for Greater Local Control
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Friday | January 3, 2020
Card Teaser
United Power and La Plata Electric push for lower rates and cleaner energy for customers
Colorado electric cooperatives United Power and La Plata Electric Association are weighing all options to change their existing energy procurement contract with Tri-State Generation and Transmission Association (“Tri-State”). In dual November filings with the Colorado Public Utilities Commission (“CPUC”), both cooperatives asked the state’s regulating body to exercise its authority to provide a just exit charge from its existing contract with Tri-State. Currently, both entities are required to purchase a minimum of 95% of their power from Tri-State under existing contracts that run through 2050. In addition, a recent S&P report downgraded Tri-State’s credit rating, with one of the reasons being that its Members’ retail energy rates were at least 20% higher than the statewide average.
“As the largest member in the Tri-State cooperative, we have a responsibility to our 92,000 residential and commercial customers to provide them with the cleanest and most affordable energy possible,” said John Parker, Chief Executive Officer of United Power. “Our current contract with Tri-State forces us to purchase some of the dirtiest energy in Colorado, while our customers pay 20% more than what is the state average. We’ve spent 18 months trying to change this contract, and all that we have gotten from Tri-State is delays, evasions and excuses. On behalf of our customers, we will no longer accept this.”
Tri-State relies heavily upon fossil fuels to provide power to its 43 cooperative members across four states, with 56% of its energy generation coming from coal, which is a significantly higher reliance on coal than other energy providers in Colorado. With the passage of HB19-1261, energy companies in Colorado must start work to reduce greenhouse gas emissions, and Tri-State is not well-positioned to meet these new standards. As renewable energy production continues to drive down the price of energy, Tri-State’s continued reliance on fossil fuels is also hitting its members in the pocketbooks as well as putting the cooperatives at risk of not meeting the new clean energy standards.
“Our community should have a choice,” said Jessica Matlock, Chief Executive Officer of La Plata Electric Association. “We want to be a part of the clean energy future and can achieve this through working in our backyard, with our community. We can bring jobs and economic growth to Colorado, while also supplying carbon-free energy to the region. We are disappointed that Tri-State is not partnering with us to achieve this clean energy future together. We want input into the process and choice when it comes to a cost-effective and clean energy future, not a one size fits all approach developed without input of the affected member cooperatives.”
In response to United Power’s and La Plata Energy’s filings with the CPUC, Tri-State recently filed a motion to dismiss their complaints because they do not believe that the CPUC has jurisdiction over these matters. Instead, Tri-State claims that the Federal Energy Regulatory Commission has jurisdiction over their rates, even though their initial application was rejected in October for being deficient and incomplete.
“Tri-State is going up against a much larger tide that they spent years refusing to confront,” said Parker. “Tri-State’s lack of urgency in addressing these matters is aimed solely at self-preservation rather than what is best for our customers.”
The CPUC has set a date of January 10th to receive testimony on the matter and is expected to make a decision by early April.
About United Power
United Power is a member-owned, not-for-profit electric cooperative delivering electricity to more than 92,000 meters at homes, businesses and farms in Colorado's north-central front range. For more information about the cooperative, visit www.unitedpower.com or follow them on social media at facebook.com/unitedpower or twitter.com/unitedpowercoop.
About La Plata Electric Association
La Plata Electric Association, Inc. (LPEA) is a member-owned, not-for-profit, electric distribution cooperative serving La Plata and Archuleta, with segments of Hinsdale, Mineral and San Juan counties. There are 22 cooperatives in Colorado, LPEA is the fifth largest cooperative in the state, providing safe, reliable electricity at the lowest reasonable cost to approximately 34,000 members.
Coming Soon: A New Look to Your Bill
Monday | October 1, 2018
In the coming months, you’ll receive a newly designed billing statement that has been streamlined and re-organized so you can find the information you need as quickly and easily as possible.
Read more >
Commitment to the Virtual Community
Tuesday | November 24, 2020
Reaching members via virtual format isn't a new concept, but until this year it has never been the preferred method for encouraging community participation. The cooperative often supported communities as they navigated this transition.
Read more >
Title
Congratulations to Fair Giveaway Winners
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Friday | July 29, 2022
Card Teaser
Thank you to everyone who entered this year. We hope to see you all at the fair.
CONGRATULATIONS to the winners of United Power's 2022 Adams County Fair Ticket Package Giveaway!
Lauren Cordova, Commerce City
Terry Hall, Hudson
Tammy Archuleta, Henderson
Erik Swanson, Thornton
Thank you to everyone who entered this year. We hope to see you all at the fair.
#FaireverFun #UnitedPowerPride
Title
Connect with Your Co-op at our 2018 Annual Meeting
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Thursday | March 1, 2018
Card Teaser
It’s time for United Power’s Annual Meeting, and all members are invited to attend. The Annual Meeting and Election are on Wednesday, April 18, 2018.
It’s time for United Power’s Annual Meeting, and all members are invited to attend. As a member, you aren’t just a customer receiving electricity from a utility, you’re an owner of a not-for-profit organization – and you have a say in the operation. During the Annual Meeting on Wednesday, April 18, 2018 you can connect with your cooperative, enjoy the company of your fellow cooperative members and have the chance to win one of several door prizes. The 2018 Annual Meeting will be held at the Adams County Fairgrounds/Regional Park located at 9755 Henderson Road, Brighton, CO 80601.
The Director Election will be conducted differently this year. Only the four incumbent directors whose seats were up for election this year have submitted petitions indicating their interest in retaining their positions for another term. Due to the lack of challengers for these positions, the United Power Board made a decision to cancel the distribution of mail ballots, and will instead hold balloting among those members in attendance at the annual meeting. This simplified process will result in a substantial cost savings for the membership.
Member registration will be open from 4:30 to 6:30 p.m., and those who register for the meeting will be issued a ballot and be able to cast their votes for the Director election. After members have cast their ballot, they can enjoy a barbecue dinner with us, visit the educational exhibit booths and be entertained by musician Dave Connelly.
The official business meeting of the members will begin at 6:30 p.m. and will include reports from the President of the Board and the Board Treasurer, and a cooperative update from Chief Executive Officer John Parker. Election results will be announced prior to adjournment and door prize drawings will conclude the meeting. To learn more about the Annual Meeting, or the candidates running for a seat on the cooperative’s board of directors, keep reading this issue, or visit www.unitedpower.com.
Title
Connect with Your Co-op at our 2018 Annual Meeting
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Tuesday | February 27, 2018
Card Teaser
It’s time for United Power’s Annual Meeting, and all members are invited to attend.
Ballots will not be mailed to members this year; in-person ballots will be cast at the annual meeting on April 18, 2018
It’s time for United Power’s Annual Meeting, and all members are invited to attend. As a member, you aren’t just a customer receiving electricity from a utility, you’re an owner of a not-for-profit organization – and you have a say in the operation. During the Annual Meeting on Wednesday, April 18, 2018 you can connect with your cooperative, enjoy the company of your fellow cooperative members and have the chance to win one of several door prizes. The 2018 Annual Meeting will be held at the Adams County Fairgrounds/Regional Park located at 9755 Henderson Road, Brighton, CO 80601.
The Director Election will be conducted differently this year.
Only the four incumbent directors whose seats were up for election this year have submitted petitions indicating their interest in retaining their positions for another term. Due to the lack of challengers for these positions, the United Power Board made a decision to cancel the distribution of mail ballots, and will instead hold balloting among those members in attendance at the annual meeting. This simplified process will result in a substantial cost savings for the membership. Profiles of the 2018 candidates are included in the March issue of the United Newsline, and we will also be holding four “Meet the Candidates” forums in March.
Member registration will be open from 4:30 to 6:30 p.m., and those who register for the meeting will be issued a ballot and be able to cast their votes for the Director election. After members have cast their ballot, they can enjoy a barbecue dinner with us, visit the educational exhibit booths and be entertained by musician Dave Connelly.
The official business meeting of the members will begin at 6:30 p.m. and will include reports from the President of the Board and the Board Treasurer, and a cooperative update from Chief Executive Officer John Parker. Election results will be announced prior to adjournment and door prize drawings will conclude the meeting. To learn more about the Annual Meeting, or the candidates running for a seat on the cooperative’s board of directors, keep reading this issue, or visit www.unitedpower.com.
Title
Co-op Announces 2022 Capital Credit Retirement
/sites/default/files/styles/news_card_553x430_/public/news/MayJune2021_NL_CashBack.jpg?itok=QmEy5xEb
Monday | May 2, 2022
Card Teaser
Retirement of $4.5 Million on its way to Members Beginning in Late May
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. Over the past two years, we have had to navigate pandemic restrictions, making provisions for the health of the cooperative and also to support our members. The decisions we made were not to satisfy invisible investors or generate profits, but to serve our members and our communities. 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 16th consecutive retirement. If you are new to the cooperative or unfamiliar with this process, capital credits represent your investment in the co-op. Here’s how it works:
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 you have an ownership stake in. Members may also vote annually in board elections or run for a seat on the Board to make their voices heard. (A full recap of the 2022 Annual Meeting is available on page 10.) 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 – the more power you use, the larger your allocation will be.
The allocation is not a check, but a representation of your ownership in the cooperative, i.e. the amount of money you have invested into the electric system based on your electric consumption. The funds are tracked, but not accessible in the form of cash. You are notified of your allocation amount on your bill in May each year.
Retirement of Capital Credits
Annually, the Board of Directors carefully 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. This year, the Board approved a $4.5 million retirement. 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 15 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.
Title
Co-op Announces 2023 Capital Credit Retirement
/sites/default/files/styles/news_card_553x430_/public/news/CapitalCredits_1320x860.png?h=45932144&itok=gEFxjqd2
Friday | May 19, 2023
Card Teaser
Retirement of $4.5 Million on its way to Members Beginning in late May.
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.
Title
Co-op Cares Receives Funding for 2021
/sites/default/files/styles/news_card_553x430_/public/news/04_10_2020_CoopCaresFund.jpg?h=45932144&itok=ItS-xyIb
Monday | January 11, 2021
Card Teaser
An additional $250,000 has been allocated to the Co-op Cares Fund for this year.
The United Power Board of Directors has allocated an additional $250,000 to the cooperative’s Co-op Cares Fund for this year. The fund was created in April 2020 as a response to the COVID-19 pandemic, and was designed to provide financial assistance to members who have been directly impacted, especially by illness or job loss.
“We’ve seen an increase in the number of members who are struggling to make their payments because of the lasting effects of this pandemic,” said Laurie Burkhart, the cooperative’s chief financial officer. “The Co-op Cares Fund was the result of proactive measures by the cooperative to provide temporary relief to members who were unfortunately impacted in dramatic ways. The inability to make payments can be a serious burden to carry. We hope our Board’s additional allocation to the Co-op Cares Fund provides some measure of relief to our members.”
The cooperative was able to finance the Co-op Cares Fund by allocating funds from unclaimed capital credits, which are capital credits that were not claimed by former United Power members after several attempts to notify them over a period of years. This past year, the Board allocated $300,000 in unclaimed credits to the Co-op Cares Fund. An initial allocation of $250,000 was made in April, and an additional $50,000 was added later in the year after it was clear more assistance was needed for impacted members.
“The Co-op Cares Fund has been an important pillar in our strategy to provide support to our members during this difficult time, and complements the many other ways United Power is helping our members weather this situation,” said interim CEO Bryant Robbins in a December press release announcing the additional allocation. “Through this program, United Power has provided $550,000 in direct assistance to our members who have been financially impacted by COVID-19. We are proud to have already provided assistance to more than 1,500 members.”
In addition to the Co-op Cares Fund, United Power has various means of helping members stay on top of their electric bills, including payment arrangements, extensions, prepay, budget billing and assistance from local agencies. United Power encourages members to contact Member Services so we can connect them with the most appropriate assistance program for their situation.
“United Power has several ways to help members when they are having difficulty paying their electric bills,” stated Robbins. “All we are asking our members to do is pick up the phone and call us if they are having difficulty paying their bill. We can’t help you if we don’t know you are struggling.”
The Co-op Cares Fund will be available for assistance through the end of 2021, or when the fund is depleted. United Power members who are impacted by the current emergency or any other situation can reach our Member Services department at 303-637-1300.
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Co-op Here to Stay
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Monday | September 25, 2023
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It is important that members know the upcoming power supply transition will not impact your membership with the cooperative.
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.
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Colorado Electric Cooperatives Ask State for Greater Local Control
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Friday | January 3, 2020
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United Power and La Plata Electric push for lower rates and cleaner energy for customers
Colorado electric cooperatives United Power and La Plata Electric Association are weighing all options to change their existing energy procurement contract with Tri-State Generation and Transmission Association (“Tri-State”). In dual November filings with the Colorado Public Utilities Commission (“CPUC”), both cooperatives asked the state’s regulating body to exercise its authority to provide a just exit charge from its existing contract with Tri-State. Currently, both entities are required to purchase a minimum of 95% of their power from Tri-State under existing contracts that run through 2050. In addition, a recent S&P report downgraded Tri-State’s credit rating, with one of the reasons being that its Members’ retail energy rates were at least 20% higher than the statewide average.
“As the largest member in the Tri-State cooperative, we have a responsibility to our 92,000 residential and commercial customers to provide them with the cleanest and most affordable energy possible,” said John Parker, Chief Executive Officer of United Power. “Our current contract with Tri-State forces us to purchase some of the dirtiest energy in Colorado, while our customers pay 20% more than what is the state average. We’ve spent 18 months trying to change this contract, and all that we have gotten from Tri-State is delays, evasions and excuses. On behalf of our customers, we will no longer accept this.”
Tri-State relies heavily upon fossil fuels to provide power to its 43 cooperative members across four states, with 56% of its energy generation coming from coal, which is a significantly higher reliance on coal than other energy providers in Colorado. With the passage of HB19-1261, energy companies in Colorado must start work to reduce greenhouse gas emissions, and Tri-State is not well-positioned to meet these new standards. As renewable energy production continues to drive down the price of energy, Tri-State’s continued reliance on fossil fuels is also hitting its members in the pocketbooks as well as putting the cooperatives at risk of not meeting the new clean energy standards.
“Our community should have a choice,” said Jessica Matlock, Chief Executive Officer of La Plata Electric Association. “We want to be a part of the clean energy future and can achieve this through working in our backyard, with our community. We can bring jobs and economic growth to Colorado, while also supplying carbon-free energy to the region. We are disappointed that Tri-State is not partnering with us to achieve this clean energy future together. We want input into the process and choice when it comes to a cost-effective and clean energy future, not a one size fits all approach developed without input of the affected member cooperatives.”
In response to United Power’s and La Plata Energy’s filings with the CPUC, Tri-State recently filed a motion to dismiss their complaints because they do not believe that the CPUC has jurisdiction over these matters. Instead, Tri-State claims that the Federal Energy Regulatory Commission has jurisdiction over their rates, even though their initial application was rejected in October for being deficient and incomplete.
“Tri-State is going up against a much larger tide that they spent years refusing to confront,” said Parker. “Tri-State’s lack of urgency in addressing these matters is aimed solely at self-preservation rather than what is best for our customers.”
The CPUC has set a date of January 10th to receive testimony on the matter and is expected to make a decision by early April.
About United Power
United Power is a member-owned, not-for-profit electric cooperative delivering electricity to more than 92,000 meters at homes, businesses and farms in Colorado's north-central front range. For more information about the cooperative, visit www.unitedpower.com or follow them on social media at facebook.com/unitedpower or twitter.com/unitedpowercoop.
About La Plata Electric Association
La Plata Electric Association, Inc. (LPEA) is a member-owned, not-for-profit, electric distribution cooperative serving La Plata and Archuleta, with segments of Hinsdale, Mineral and San Juan counties. There are 22 cooperatives in Colorado, LPEA is the fifth largest cooperative in the state, providing safe, reliable electricity at the lowest reasonable cost to approximately 34,000 members.
Coming Soon: A New Look to Your Bill
Monday | October 1, 2018
In the coming months, you’ll receive a newly designed billing statement that has been streamlined and re-organized so you can find the information you need as quickly and easily as possible.
Read more >
Commitment to the Virtual Community
Tuesday | November 24, 2020
Reaching members via virtual format isn't a new concept, but until this year it has never been the preferred method for encouraging community participation. The cooperative often supported communities as they navigated this transition.
Read more >
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Congratulations to Fair Giveaway Winners
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Friday | July 29, 2022
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Thank you to everyone who entered this year. We hope to see you all at the fair.
CONGRATULATIONS to the winners of United Power's 2022 Adams County Fair Ticket Package Giveaway!
Lauren Cordova, Commerce City
Terry Hall, Hudson
Tammy Archuleta, Henderson
Erik Swanson, Thornton
Thank you to everyone who entered this year. We hope to see you all at the fair.
#FaireverFun #UnitedPowerPride
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Connect with Your Co-op at our 2018 Annual Meeting
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Thursday | March 1, 2018
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It’s time for United Power’s Annual Meeting, and all members are invited to attend. The Annual Meeting and Election are on Wednesday, April 18, 2018.
It’s time for United Power’s Annual Meeting, and all members are invited to attend. As a member, you aren’t just a customer receiving electricity from a utility, you’re an owner of a not-for-profit organization – and you have a say in the operation. During the Annual Meeting on Wednesday, April 18, 2018 you can connect with your cooperative, enjoy the company of your fellow cooperative members and have the chance to win one of several door prizes. The 2018 Annual Meeting will be held at the Adams County Fairgrounds/Regional Park located at 9755 Henderson Road, Brighton, CO 80601.
The Director Election will be conducted differently this year. Only the four incumbent directors whose seats were up for election this year have submitted petitions indicating their interest in retaining their positions for another term. Due to the lack of challengers for these positions, the United Power Board made a decision to cancel the distribution of mail ballots, and will instead hold balloting among those members in attendance at the annual meeting. This simplified process will result in a substantial cost savings for the membership.
Member registration will be open from 4:30 to 6:30 p.m., and those who register for the meeting will be issued a ballot and be able to cast their votes for the Director election. After members have cast their ballot, they can enjoy a barbecue dinner with us, visit the educational exhibit booths and be entertained by musician Dave Connelly.
The official business meeting of the members will begin at 6:30 p.m. and will include reports from the President of the Board and the Board Treasurer, and a cooperative update from Chief Executive Officer John Parker. Election results will be announced prior to adjournment and door prize drawings will conclude the meeting. To learn more about the Annual Meeting, or the candidates running for a seat on the cooperative’s board of directors, keep reading this issue, or visit www.unitedpower.com.
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Connect with Your Co-op at our 2018 Annual Meeting
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Tuesday | February 27, 2018
Card Teaser
It’s time for United Power’s Annual Meeting, and all members are invited to attend.
Ballots will not be mailed to members this year; in-person ballots will be cast at the annual meeting on April 18, 2018
It’s time for United Power’s Annual Meeting, and all members are invited to attend. As a member, you aren’t just a customer receiving electricity from a utility, you’re an owner of a not-for-profit organization – and you have a say in the operation. During the Annual Meeting on Wednesday, April 18, 2018 you can connect with your cooperative, enjoy the company of your fellow cooperative members and have the chance to win one of several door prizes. The 2018 Annual Meeting will be held at the Adams County Fairgrounds/Regional Park located at 9755 Henderson Road, Brighton, CO 80601.
The Director Election will be conducted differently this year.
Only the four incumbent directors whose seats were up for election this year have submitted petitions indicating their interest in retaining their positions for another term. Due to the lack of challengers for these positions, the United Power Board made a decision to cancel the distribution of mail ballots, and will instead hold balloting among those members in attendance at the annual meeting. This simplified process will result in a substantial cost savings for the membership. Profiles of the 2018 candidates are included in the March issue of the United Newsline, and we will also be holding four “Meet the Candidates” forums in March.
Member registration will be open from 4:30 to 6:30 p.m., and those who register for the meeting will be issued a ballot and be able to cast their votes for the Director election. After members have cast their ballot, they can enjoy a barbecue dinner with us, visit the educational exhibit booths and be entertained by musician Dave Connelly.
The official business meeting of the members will begin at 6:30 p.m. and will include reports from the President of the Board and the Board Treasurer, and a cooperative update from Chief Executive Officer John Parker. Election results will be announced prior to adjournment and door prize drawings will conclude the meeting. To learn more about the Annual Meeting, or the candidates running for a seat on the cooperative’s board of directors, keep reading this issue, or visit www.unitedpower.com.
