Title
United Power Named a Finalist for $261 million in New ERA Investment
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Thursday | September 5, 2024
Card Teaser
Funds will facilitate significant reduction in greenhouse gas emissions
Funds will facilitate significant reduction in greenhouse gas emissions
United Power is pleased to announce that it is a finalist for the Empowering Rural America (New ERA) Program through the U.S. Department of Agriculture (USDA) Rural Utilities Service. The New ERA investment will be used to offset the cost of United Power’s transition to a strategic portfolio of clean energy that includes power purchase agreements that will provide more than 760 megawatts of renewable resources to its members by 2030.
Last fall, cooperatives across the nation submitted hundreds of proposals for a portion of the $9.7 billion in New ERA Program funds earmarked for projects that reduce overall greenhouse gas (GHG) emissions through the cooperatives’ voluntary transformation of rural electric systems in a way that promotes resiliency and reliability of rural electric systems and affordability for their members.
“We are honored to be named a finalist for such a historic grant from the USDA,” said Mark A. Gabriel, President and CEO of United Power. “The New ERA Program represents the first significant funding opportunity of this generation. It will help finance the energy sector’s move to a future with cleaner power generation resources. The timing of this grant award offers an ideal opportunity for United Power and our members, as we continue our transition to an independent electric distribution cooperative, which began May 1 when we exited our former wholesale power provider.”
United Power left its long-standing wholesale power contract in May in order to create a cleaner, more flexible power portfolio for cooperative members. Utilizing multiple power purchase agreements, the cooperative curated a portfolio of solar, hydropower, and wind generation projects estimated to reduce GHG emissions by 2.1 million tons annually. Seven of the cooperative’s projects were submitted for consideration by the USDA with a request for grant funding that will offset 25% of the cost of these power purchase agreements for zero-emissions and renewable energy resources.
“These funds are the perfect complement to the strategies United Power adopted to advance our clean energy journey,” said Gabriel. “Earlier this year, we deployed multiple battery energy storage systems on the United Power distribution grid, allowing us to provide redundancy on our system while stabilizing power costs. Adding more renewable energy resources to our mix will continue to build on this pioneering vision.”
United Power, which serves more than 112,000 meters on Colorado’s northern front range, sought more flexibility in its power supply mix and an ability to work more closely with local members interested in generating their own power. The cooperative is already an industry leader for its significant penetration of rooftop solar – approximately 12,000 United Power members have adopted this technology. The cooperative is also an active advocate for hyper-localized generation resources necessary for its transition to the distribution system operator model.
Colorado’s climate action plan is also driving change statewide, challenging numerous sectors to aggressively tackle GHG emissions. The state is calling for utilities, like United Power, to submit clean energy plans that demonstrate a reduction in GHG emissions by 80% from 2005 levels and end the reliance on coal-fired power generation by 2030.
“United Power is not the typical electric distribution cooperative,” said Ursula J. Morgan, United Power Board Chair. “Our service territory is experiencing incredible growth, new businesses are looking for ways to partner with us to provide cleaner power, and our local governance structure allows us to be nimble and responsive to meet our members’ needs. Cooperatives transformed the way of life in rural America when they stretched power lines across the country nearly 100 years ago, and today we are transforming our power supply by implementing the decarbonization efforts as laid out in Our Cooperative Roadmap. The New ERA investment will have an immediate positive impact on these efforts while helping to stabilize rates in future years for all United Power members.”
Title
United Power Office Holiday Closures
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Tuesday | December 19, 2023
Card Teaser
United Power's office locations will be closed for Christmas & New Year's.
United Power's office locations will be closed in observance of Christmas and New Year's on the following days:
Christmas:
Friday, December 22, 2023
Monday, December 25, 2023
New Year's:
Friday, December 29, 2023
Monday, January 1, 2024
Our dispatch center and crews remain on-call 24 hours per day for outages and emergencies. Members can access their account online, or pay by phone by calling 866-999-4485 24 hours per day. We hope all of our members have happy holidays.
Title
United Power Offices Closed for President's Day
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Thursday | February 13, 2020
Card Teaser
United Power's offices will be closed on Monday, February 17th in honor of President's Day.
United Power's offices will be closed on Monday, February 17th in honor of President's Day. Our dispatch center and crews remain on-call 24 hours per day for outages and emergencies.
Members can access their account online, or pay by phone by calling 866-999-4485 24 hours per day.
We hope all of our members enjoy a relaxing and safe President's Day.
Title
United Power Partners with Electric Highway Coalition
/sites/default/files/styles/news_card_553x430_/public/news/05_11_2021__EV_Keenesburg.jpg?itok=hgsoXdBI
Wednesday | January 12, 2022
Card Teaser
As a partner, United Power will seek to effectively deploy EV fast chargers in its service territory to compliment existing and planned charging stations.
Cooperative Committed to Providing Accessible EV Charging Infrastructure
Brighton, CO – United Power announced a partnership with the National Electric Highway Coalition in January. The Coalition is a collaboration among electric utilities committed to providing an accessible electric vehicle charging infrastructure. Expanding the available charging network will allow electric vehicle drivers to travel with confidence along corridors throughout the country. It has set a goal to achieve a sufficient electric vehicle charging infrastructure by the end of 2023.
This past year, United Power energized its second electric vehicle fast charger at the Market Street Mart in Keenesburg, located along Interstate 76 northeast of Denver. The charger filled a gap in available charging options for rural electric vehicle owners between Brighton and Fort Morgan. The cooperative installed its first charging station at its Coal Creek office in 2019. A third is planned for its office location in Carbon Valley along Interstate 25.
“United Power serves more than 100,000 members living in some of the fastest growing communities in the country,” said Mark A. Gabriel, United Power’s President and Chief Executive Officer. “We also serve several transportation corridors running through those areas. We have seen a proliferation of electric vehicle owners in our territory and in Colorado in recent years. Joining the National Electric Highway Coalition reinforces the cooperative’s commitment to its members and the changing nature of the electric industry.”
Cooperative leadership continues to look at the electric vehicle landscape and consider what programs provide the most benefit for members, including expanding its existing charging network. As a partner in the National Electric Highway Coalition, United Power will seek to accomplish an efficient and effective deployment of electric vehicle fast charging stations within its service territory that complements existing and planned charging stations along its transportation corridors.
It is estimated that more than 100,000 fast charging ports will be necessary to meet the needs of more than 22 million electric vehicle drivers by 2030. The National Electric Highway Coalition represents the largest group of electric utilities aligned to meet those charging infrastructure needs. More than 50 electric utilities throughout 47 states have joined as partners in the coalition’s mission. United Power joins Xcel Energy as the only other Colorado utility in the Coalition and the second cooperative nationwide.
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 cooperatives in the nation, and in June 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, dedicated to expanding the power supply and procurement options and reforming the traditional Generation and Transmission (G&T) business model. For more information about the cooperative, visit www.unitedpower.com or follow them on social media Facebook, Twitter, LinkedIn, YouTube and Instagram.###
Title
United Power Partners with Kindle Energy for Natural Gas Peaking Unit
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Thursday | August 1, 2024
Brighton, CO – United Power, Inc. is partnering with Kindle Energy LLC (Kindle) to add 162 megawatts (MW) of peaking natural gas capacity on its system in Keenesburg, CO. As the state of Colorado transitions away from coal-fired energy production, this project will provide United Power greater flexibility when power costs are at their highest and ensure reliability and resource adequacy in times of low renewable energy production and extreme weather conditions.
“The integration of this peaking natural gas unit is key to our ongoing energy transition,” said Mark A. Gabriel, President and CEO of United Power. “To remain responsive to our members’ needs as we move away from a single wholesale power supplier, this project will provide the necessary flexibility we need on our system. It is just one more tool in our toolbox that will help us better meet the varied needs of our members and provide more predictable costs in the future.”
The natural gas units will be installed at the Mountain Peak Power plant in Keenesburg, which is adjacent to United Power’s Tesla Substation. The proximity of a natural gas pipeline to the substation property was key to making this installation an economical one for the cooperative, and a quicker construction project for Kindle Energy. Additionally, the unit is considered “hydrogen-ready,” which means it is also designed to run on fuels with hydrogen content once commercially viable, increasing the unit’s versatility. When in operation, which is planned for June 2025, Mountain Peak Power is expected to deliver up to 162 MW, to support the ongoing energy transition in the state.
Lee Davis, CEO of Kindle Energy, said, “Kindle is excited to partner with United Power on the Mountain Peak Power project, supporting their transition to cleaner energy sources. The Mountain Peak Power project is important to Kindle because it demonstrates our ongoing commitment to bring strong solutions with flexible, reliable generation to support the ongoing transition to a greener energy portfolio.”
United Power transitioned away from a single wholesale power supplier in May of this year, with a vision to create a more flexible power delivery system that would provide cooperative members with predictable costs and allow for the integration of various local energy sources. In addition to this peaking unit, the cooperative has invested in batteries at eight substations throughout the service territory to help balance load during high use periods and to provide critical back up generation.
“We appreciate how quickly Kindle is able to make this installation a reality,” said Gabriel. “Thanks go out to all our working partners at the Colorado Department of Public Health and Environment and leaders in Weld County for their coordination and foresight.”
To learn more about United Power’s energy transition and our varied sources of power, visit the cooperative’s website at www.unitedpower.com.
About United PowerUnited 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, serving more than 112,000 meters. Its 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 Kindle EnergyKindle Energy is a power generation development and asset management firm based in Princeton, NJ. With over 11GW currently under management, Kindle Energy offers customized approaches to investing in, operating, and managing power generation assets in North America. Supporting Utilities, Co-Ops, Municipals and other energy facility owners, Kindle Energy is focused on providing creative solutions to the complex energy issues of today to allow customers to focus on their core business.Please visit https://kindle-energy.com/ to see more details.###
Title
United Power Prevails as Colorado Public Utilities Commission Judge Finds Buyout Methodology Reasonable
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Friday | July 10, 2020
Colorado Public Utilities Commission (the “Commission”), represented by Administrative Law Judge Robert Garvey, ruled in favor of United Power in the electric cooperative’s effort to establish a “fair, just and reasonable” buyout number from their power supplier, Tri-State Generation and Transmission. The action in front of the Commission was brought late last year and today’s decision helps to establish a methodology for calculating just and non-discriminatory terms for United Power to withdraw as a member of Tri-State.
“United Power has continued to pursue this action on behalf of our members,” stated Bryant Robbins, acting CEO. “It’s our goal to provide reliable power to every family and business we serve, and to provide that power at a cost that makes sense. We carefully considered our obligations to Tri-State and developed what we believed was a fair exit cost. Should this exit charge be affirmed by the Commission, it will be up to our Board of Directors to decide if this is in the best interest of our membership.”
For nearly two years, United Power sought a fair “exit charge” from Tri-State. During the hearing, United Power presented a methodology based on their proportionate share of Tri-State’s debt which produced an exit charge of approximately $235 million, comparable to payments made by other cooperatives who have exited Tri-State. Instead of working toward a reasonable exit charge, Tri-State tried to block United Power from leaving by proposing to charge it $1.25 billion, a discriminatory amount that would have resulted in an unfair windfall to Tri-State’s remaining members.
“Access to today’s energy marketplace requires a utility to be nimble and responsive to both the energy mix and the cost to the members at the end of the line,” stated Dean Hubbuck, Chief Energy Resource Officer. “This is a momentous decision in United Power’s effort to have more control over our power mix while keeping costs down.”
“We are hopeful that the Commission affirms this decision and, while we are elated, we recognize this is just the next step in a long process,” stated Robbins. “On behalf of United Power and our Board of Directors, I want to thank Judge Garvey and the Colorado Public Utilities Commission staff for their diligence and efforts in considering this matter. We appreciate their willingness to lend their expertise and oversight to this critical matter.”
###
Title
United Power Named a Finalist for $261 million in New ERA Investment
/sites/default/files/styles/news_card_553x430_/public/news/SolarFarm_UnitedPower.jpg?h=dcd3bcc2&itok=VB1XfWdw
Thursday | September 5, 2024
Card Teaser
Funds will facilitate significant reduction in greenhouse gas emissions
Funds will facilitate significant reduction in greenhouse gas emissions
United Power is pleased to announce that it is a finalist for the Empowering Rural America (New ERA) Program through the U.S. Department of Agriculture (USDA) Rural Utilities Service. The New ERA investment will be used to offset the cost of United Power’s transition to a strategic portfolio of clean energy that includes power purchase agreements that will provide more than 760 megawatts of renewable resources to its members by 2030.
Last fall, cooperatives across the nation submitted hundreds of proposals for a portion of the $9.7 billion in New ERA Program funds earmarked for projects that reduce overall greenhouse gas (GHG) emissions through the cooperatives’ voluntary transformation of rural electric systems in a way that promotes resiliency and reliability of rural electric systems and affordability for their members.
“We are honored to be named a finalist for such a historic grant from the USDA,” said Mark A. Gabriel, President and CEO of United Power. “The New ERA Program represents the first significant funding opportunity of this generation. It will help finance the energy sector’s move to a future with cleaner power generation resources. The timing of this grant award offers an ideal opportunity for United Power and our members, as we continue our transition to an independent electric distribution cooperative, which began May 1 when we exited our former wholesale power provider.”
United Power left its long-standing wholesale power contract in May in order to create a cleaner, more flexible power portfolio for cooperative members. Utilizing multiple power purchase agreements, the cooperative curated a portfolio of solar, hydropower, and wind generation projects estimated to reduce GHG emissions by 2.1 million tons annually. Seven of the cooperative’s projects were submitted for consideration by the USDA with a request for grant funding that will offset 25% of the cost of these power purchase agreements for zero-emissions and renewable energy resources.
“These funds are the perfect complement to the strategies United Power adopted to advance our clean energy journey,” said Gabriel. “Earlier this year, we deployed multiple battery energy storage systems on the United Power distribution grid, allowing us to provide redundancy on our system while stabilizing power costs. Adding more renewable energy resources to our mix will continue to build on this pioneering vision.”
United Power, which serves more than 112,000 meters on Colorado’s northern front range, sought more flexibility in its power supply mix and an ability to work more closely with local members interested in generating their own power. The cooperative is already an industry leader for its significant penetration of rooftop solar – approximately 12,000 United Power members have adopted this technology. The cooperative is also an active advocate for hyper-localized generation resources necessary for its transition to the distribution system operator model.
Colorado’s climate action plan is also driving change statewide, challenging numerous sectors to aggressively tackle GHG emissions. The state is calling for utilities, like United Power, to submit clean energy plans that demonstrate a reduction in GHG emissions by 80% from 2005 levels and end the reliance on coal-fired power generation by 2030.
“United Power is not the typical electric distribution cooperative,” said Ursula J. Morgan, United Power Board Chair. “Our service territory is experiencing incredible growth, new businesses are looking for ways to partner with us to provide cleaner power, and our local governance structure allows us to be nimble and responsive to meet our members’ needs. Cooperatives transformed the way of life in rural America when they stretched power lines across the country nearly 100 years ago, and today we are transforming our power supply by implementing the decarbonization efforts as laid out in Our Cooperative Roadmap. The New ERA investment will have an immediate positive impact on these efforts while helping to stabilize rates in future years for all United Power members.”
Title
United Power Office Holiday Closures
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Tuesday | December 19, 2023
Card Teaser
United Power's office locations will be closed for Christmas & New Year's.
United Power's office locations will be closed in observance of Christmas and New Year's on the following days:
Christmas:
Friday, December 22, 2023
Monday, December 25, 2023
New Year's:
Friday, December 29, 2023
Monday, January 1, 2024
Our dispatch center and crews remain on-call 24 hours per day for outages and emergencies. Members can access their account online, or pay by phone by calling 866-999-4485 24 hours per day. We hope all of our members have happy holidays.
Title
United Power Offices Closed for President's Day
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Thursday | February 13, 2020
Card Teaser
United Power's offices will be closed on Monday, February 17th in honor of President's Day.
United Power's offices will be closed on Monday, February 17th in honor of President's Day. Our dispatch center and crews remain on-call 24 hours per day for outages and emergencies.
Members can access their account online, or pay by phone by calling 866-999-4485 24 hours per day.
We hope all of our members enjoy a relaxing and safe President's Day.
Title
United Power Partners with Electric Highway Coalition
/sites/default/files/styles/news_card_553x430_/public/news/05_11_2021__EV_Keenesburg.jpg?itok=hgsoXdBI
Wednesday | January 12, 2022
Card Teaser
As a partner, United Power will seek to effectively deploy EV fast chargers in its service territory to compliment existing and planned charging stations.
Cooperative Committed to Providing Accessible EV Charging Infrastructure
Brighton, CO – United Power announced a partnership with the National Electric Highway Coalition in January. The Coalition is a collaboration among electric utilities committed to providing an accessible electric vehicle charging infrastructure. Expanding the available charging network will allow electric vehicle drivers to travel with confidence along corridors throughout the country. It has set a goal to achieve a sufficient electric vehicle charging infrastructure by the end of 2023.
This past year, United Power energized its second electric vehicle fast charger at the Market Street Mart in Keenesburg, located along Interstate 76 northeast of Denver. The charger filled a gap in available charging options for rural electric vehicle owners between Brighton and Fort Morgan. The cooperative installed its first charging station at its Coal Creek office in 2019. A third is planned for its office location in Carbon Valley along Interstate 25.
“United Power serves more than 100,000 members living in some of the fastest growing communities in the country,” said Mark A. Gabriel, United Power’s President and Chief Executive Officer. “We also serve several transportation corridors running through those areas. We have seen a proliferation of electric vehicle owners in our territory and in Colorado in recent years. Joining the National Electric Highway Coalition reinforces the cooperative’s commitment to its members and the changing nature of the electric industry.”
Cooperative leadership continues to look at the electric vehicle landscape and consider what programs provide the most benefit for members, including expanding its existing charging network. As a partner in the National Electric Highway Coalition, United Power will seek to accomplish an efficient and effective deployment of electric vehicle fast charging stations within its service territory that complements existing and planned charging stations along its transportation corridors.
It is estimated that more than 100,000 fast charging ports will be necessary to meet the needs of more than 22 million electric vehicle drivers by 2030. The National Electric Highway Coalition represents the largest group of electric utilities aligned to meet those charging infrastructure needs. More than 50 electric utilities throughout 47 states have joined as partners in the coalition’s mission. United Power joins Xcel Energy as the only other Colorado utility in the Coalition and the second cooperative nationwide.
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 cooperatives in the nation, and in June 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, dedicated to expanding the power supply and procurement options and reforming the traditional Generation and Transmission (G&T) business model. For more information about the cooperative, visit www.unitedpower.com or follow them on social media Facebook, Twitter, LinkedIn, YouTube and Instagram.###
Title
United Power Partners with Kindle Energy for Natural Gas Peaking Unit
/sites/default/files/styles/news_card_553x430_/public/news/Frederick_Stories_1.png?h=45932144&itok=BvugHOQK
Thursday | August 1, 2024
Brighton, CO – United Power, Inc. is partnering with Kindle Energy LLC (Kindle) to add 162 megawatts (MW) of peaking natural gas capacity on its system in Keenesburg, CO. As the state of Colorado transitions away from coal-fired energy production, this project will provide United Power greater flexibility when power costs are at their highest and ensure reliability and resource adequacy in times of low renewable energy production and extreme weather conditions.
“The integration of this peaking natural gas unit is key to our ongoing energy transition,” said Mark A. Gabriel, President and CEO of United Power. “To remain responsive to our members’ needs as we move away from a single wholesale power supplier, this project will provide the necessary flexibility we need on our system. It is just one more tool in our toolbox that will help us better meet the varied needs of our members and provide more predictable costs in the future.”
The natural gas units will be installed at the Mountain Peak Power plant in Keenesburg, which is adjacent to United Power’s Tesla Substation. The proximity of a natural gas pipeline to the substation property was key to making this installation an economical one for the cooperative, and a quicker construction project for Kindle Energy. Additionally, the unit is considered “hydrogen-ready,” which means it is also designed to run on fuels with hydrogen content once commercially viable, increasing the unit’s versatility. When in operation, which is planned for June 2025, Mountain Peak Power is expected to deliver up to 162 MW, to support the ongoing energy transition in the state.
Lee Davis, CEO of Kindle Energy, said, “Kindle is excited to partner with United Power on the Mountain Peak Power project, supporting their transition to cleaner energy sources. The Mountain Peak Power project is important to Kindle because it demonstrates our ongoing commitment to bring strong solutions with flexible, reliable generation to support the ongoing transition to a greener energy portfolio.”
United Power transitioned away from a single wholesale power supplier in May of this year, with a vision to create a more flexible power delivery system that would provide cooperative members with predictable costs and allow for the integration of various local energy sources. In addition to this peaking unit, the cooperative has invested in batteries at eight substations throughout the service territory to help balance load during high use periods and to provide critical back up generation.
“We appreciate how quickly Kindle is able to make this installation a reality,” said Gabriel. “Thanks go out to all our working partners at the Colorado Department of Public Health and Environment and leaders in Weld County for their coordination and foresight.”
To learn more about United Power’s energy transition and our varied sources of power, visit the cooperative’s website at www.unitedpower.com.
About United PowerUnited 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, serving more than 112,000 meters. Its 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 Kindle EnergyKindle Energy is a power generation development and asset management firm based in Princeton, NJ. With over 11GW currently under management, Kindle Energy offers customized approaches to investing in, operating, and managing power generation assets in North America. Supporting Utilities, Co-Ops, Municipals and other energy facility owners, Kindle Energy is focused on providing creative solutions to the complex energy issues of today to allow customers to focus on their core business.Please visit https://kindle-energy.com/ to see more details.###
Title
United Power Prevails as Colorado Public Utilities Commission Judge Finds Buyout Methodology Reasonable
/sites/default/files/styles/news_card_553x430_/public/news/Gavel.png?h=056ec721&itok=Nlg14PbQ
Friday | July 10, 2020
Colorado Public Utilities Commission (the “Commission”), represented by Administrative Law Judge Robert Garvey, ruled in favor of United Power in the electric cooperative’s effort to establish a “fair, just and reasonable” buyout number from their power supplier, Tri-State Generation and Transmission. The action in front of the Commission was brought late last year and today’s decision helps to establish a methodology for calculating just and non-discriminatory terms for United Power to withdraw as a member of Tri-State.
“United Power has continued to pursue this action on behalf of our members,” stated Bryant Robbins, acting CEO. “It’s our goal to provide reliable power to every family and business we serve, and to provide that power at a cost that makes sense. We carefully considered our obligations to Tri-State and developed what we believed was a fair exit cost. Should this exit charge be affirmed by the Commission, it will be up to our Board of Directors to decide if this is in the best interest of our membership.”
For nearly two years, United Power sought a fair “exit charge” from Tri-State. During the hearing, United Power presented a methodology based on their proportionate share of Tri-State’s debt which produced an exit charge of approximately $235 million, comparable to payments made by other cooperatives who have exited Tri-State. Instead of working toward a reasonable exit charge, Tri-State tried to block United Power from leaving by proposing to charge it $1.25 billion, a discriminatory amount that would have resulted in an unfair windfall to Tri-State’s remaining members.
“Access to today’s energy marketplace requires a utility to be nimble and responsive to both the energy mix and the cost to the members at the end of the line,” stated Dean Hubbuck, Chief Energy Resource Officer. “This is a momentous decision in United Power’s effort to have more control over our power mix while keeping costs down.”
“We are hopeful that the Commission affirms this decision and, while we are elated, we recognize this is just the next step in a long process,” stated Robbins. “On behalf of United Power and our Board of Directors, I want to thank Judge Garvey and the Colorado Public Utilities Commission staff for their diligence and efforts in considering this matter. We appreciate their willingness to lend their expertise and oversight to this critical matter.”
###
