CIPCO Sources of Energy 2013
by Allen Albers, ECI REC Representative on CIPCO Board of Directors
The shared mission of East-Central Iowa REC and Central Iowa Power Cooperative (CIPCO—ECI REC’s energy provider) is to improve the quality of life for Iowans by delivering safe, reliable, and affordable electricity. At CIPCO, we strive to provide high-quality electric power to our membership at the lowest possible long-term cost.
As a state-of-the-art energy provider, we are meeting our members’ needs with a diverse fuel mix of coal, nuclear, hydro, wind, landfill gas generation, natural gas, and oil energy resources. Facing increased pressure to reduce carbon emissions, CIPCO proactively works to invest in new electric generation resources to create a balanced and diverse energy portfolio. Today, 60% of CIPCO’s energy is generated from carbon-free and emissions-free resources, minimizing the impact to our environment; this is compared to an average of 26% for the Midwest region. By purchasing renewable energy, CIPCO enables its member systems to offer green energy options. Up to 95% of the power CIPCO provides to its members is generated in Iowa. In this pursuit, CIPCO maintains a portfolio of generation resources which emphasizes ownership of production assets supplemented by market purchases.
These strategic investments position CIPCO to reduce our risk exposure and minimize the cost impacts for our membership. We also limit market exposure with approximately 90% of our electricity coming from owned units and long-term contracts. Our focus remains on running the business and doing our best to maintain long-term rate stability in the midst of a changing regulatory environment.
Generation ownership and resource diversity are two key strategies for delivering reliability and price stability as we continue to invest in new technology and renewable energy production. CIPCO is well positioned to deliver safe, reliable, and affordable electricity to our members now and well into the future.
We believe energy policy must be based on a balanced, commonsense approach that ensures consistent, maintained, adequate levels of electric power supply and a reliable transmission system to move power to our members’ distribution points