Contract will authorize TEA Solutions to coordinate United Power’s growing portfolio of power contracts
United Power, Inc. (United Power) and TEA Solutions entered into an agreement on June 1 to support United Power’s transition to new power suppliers. The Energy Authority (TEA), headquartered in Jacksonville, FL, provides public power entities with strategic perspective on deriving maximum value from their assets, and offers advisory services, advanced analytics, and renewable solutions. TEA Solutions, a sister company of The Energy Authority, was created to serve community-owned utilities such as cooperatives.
“This agreement marks an important strategic step toward United Power’s new energy future,” stated Mark A. Gabriel, United Power President and CEO. “United Power has been dedicated to building a new network of service providers and energy sources for the planned exit from our current power supplier next spring. This marks a vital step in the process, and we are proud to partner with a firm that has the expertise and experience to help us be successful in this significant endeavor.”
“We are honored to be chosen by United Power to be their strategic partner,” stated Joanie Teofilo, President and CEO of The Energy Authority and TEA Solutions. “We were created to support community-owned utilities and look forward to working with United Power to achieve its mission to provide efficient and reliable power to its members.”
United Power’s exit from its current wholesale power supply contract will be complete May 1, 2024. The cooperative is in the process of securing both the power contracts and strategic expertise necessary to capitalize on the changing energy marketplace, which in turn, will bring considerable value to its members.
“We are working to provide not only reliable power, but power that is more economically priced for our members,” stated Gabriel. “As the energy market expands west, we will be able to take advantage of available resources including clean, renewable energy generation, and increase our investment in local energy generation sources.”
To learn more about how United Power is moving into a new energy future, visit Power Supply.
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 them on Facebook, Twitter, LinkedIn, YouTube, and Instagram.
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