United Power, an electric cooperative utility headquartered in Brighton, Colorado, and the Town of Frederick, Colorado, jointly announced today that they have reached an agreement for the cooperative to purchase the Town of Frederick’s municipal electric utility, Frederick Power & Light.
Frederick has agreed to sell the electrical infrastructure to United Power, who will provide on-going service to the citizens of the Town’s original municipal utility. This agreement means that all Frederick residents will be served by United Power.
“We are pleased to reach a resolution on this issue, and look forward to welcoming these Frederick citizens as new members of our cooperative,” stated James Vigesaa, United Power Board President. “The agreement helps to clarify our future territory and will help us to plan for all our future growth in an efficient and effective manner.”
“Throughout the process of exploring options related to our electric utility, our main goal has been to find a solution that is in the best interests of our community,” said Tony Carey, Mayor of Frederick. “We have met that goal as this agreement is a win for our residents and United Power’s members. I’m excited to continue moving forward with our new board as we explore more opportunities for Frederick’s future.”
The agreement will help the cooperative better integrate their electric delivery system as it grows, and brings greater density to the operation, which will reduce operating costs for all cooperative members. Information and updates about the purchase and transition will be available on both the Town of Frederick and United Power’s websites. Additionally, United Power will be reaching out to affected citizens in the coming weeks to welcome them to the cooperative, and share information about the transition.
“On behalf of United Power’s Board of Directors I want to extend our thanks to the Town Trustees of Frederick,” stated Vigesaa. “We appreciate their willingness to negotiate, and to reach an agreement that is good for not only their citizens, but for the cooperative membership at-large.”