tips from t.i.p. power supply report 2018 central iowa...
TRANSCRIPT
TIPS From T.I.P.Published By The T.I.P. Rural Electric Cooperative
OWNED BY THOSE WE SERVEBrooklyn, Iowa
T.I.P. Rural Electric Regular Hours 7:30 to 4:00 Weekdays.....641-522-9221 or Toll Free ................................................. 800-934-7976 After Hours (Outages & Emergencies Only) ..641-522-9223 or Toll Free ................................................ 800-934-7976
website: www.tiprec.com
August 2019
TIPS from T.I.P. is published monthly for members of T.I.P. Rural Electric Cooperative, 612 W. Des Moines St., Brooklyn, Iowa 52211.
OFFICIAL NOTICE OFANNUAL MEETING
OF MEMBERS The Annual Meeting of the members of the T.I.P. Rural Electric Cooperative will be held at the BGM Elementary School Auditorium in Brooklyn, Iowa at 9:15 a.m. on August 24, 2019, to take action upon the following matters:
1.Thereportsofofficers,directorsandcommittees;
2.Theelectionofthree(3)directorsofTheCooperativeforatermofthree(3)years;
3. All other business which may come before the meeting, or any adjournment, or adjournments thereof.
YouareURGEDtoattendthismeeting,hearthereportsoftheofficers,andparticipateintheaffairsoftheCooperative.
Dated: August 1, 2019
RonaldHoffman,SecretaryElectric Car at the Annual Meeting
This year we will again have an electric car at the annual meeting for our members to check out. A 2018 Chevy Bolt electric car will be on site, courtesy of Eastern Iowa REC. Members will have a chance to learn moreaboutthisefficientvehicleoption.
Notice: Your REC office will be closed Labor Day, September 2nd. Have a safe holiday!
Your Vote Counts on Saturday, August 24, 2019!
It is not every company that invites its customers to an annual meeting to elect the board of directors. But your electric cooperative does just that. When you signed up as a consumer of the electric cooperative, you automatically became a member and part-owner of that utility. Cooperativesuseabusinessmodelthatisdifferentfrom other companies. They do not sell stock on Wall Street, so there are no out-of-town investors. Control of a cooperative utility is local. Each consumer of a cooperative is an equal partner in that utility. You may run for a seat on the Board of Directors and vote for the candidates who do run-and know that every candidate is also a consumer of the cooperative. Membership in a cooperative comes with these privileges. It also comes with the responsibility to keep on top of cooperative matters and cast your vote for the directors you think will do the best job.
2018 Central Iowa Power Cooperative Power Supply Report
By: Nick Hammes, Board Member 2018 was a year of breaking new ground for CIPCO. The dynamic level of change taking place for theorganizationwasunheardof;yetI’mproudofhowwe handled the challenges and opportunities. I believe CIPCO is well-positioned to serve its members now andwellintothefuture.I’mprivilegedtoserveasyourrepresentative on both the local board of directors and the CIPCO board of directors. CIPCO began the year with the unplanned announcementofDuaneArnoldEnergyCenter’s earlyclosure. This carbon-free resource currently provides 33 percent of our energy portfolio and will take time to replace. However, forward planning by CIPCO led to the launch of Heartland Divide Wind, a 103.5 MW wind farm from which CIPCO is purchasing 100 percent of theoutput.Itisnowourlargestwindproject.CIPCO’scontinued goal of providing a diverse, 24/7 energy portfolio led to two additional generation announcements in2018.WewillbeworkingwithClēneraLLCastheydevelop Wapello Solar, a 100 MW facility on 850 acres in Louisa County. The new project incorporates thelatest solar technologies and will be the largest solar site in Iowa.Finally, theexistingSummitLakeGeneratingStation in Creston is undergoing an $85 million repowering project. The modernization project for the 70-year old plantwill add 55MWof efficient naturalgas-fired reciprocatingengines intoCIPCO’sportfolio,while retiring the steam engines. T.I.P. REC and CIPCO are committed to providing safe,affordableandreliableelectricity toourmembersacross the system. Ensuring the quality of our transmission lines is an important part of the commitment, which is why CIPCO implemented the New-To-Replace-Old program in 1986 with a goal to reconstruct the original 34.5 KV subtransmission system, work that is nearly complete. In 1995, the program was expanded to include the 69 KV system. To date, more than 650 miles of 34.5 KV line and 180 miles of 69 KV line has been replaced. Together with new technology and sound operating and maintenance programs, NTRO helps ensure that our power supply system achieves the high degree of reliability our consumer-members expect. Financialstrengthisintegraltooursuccess.CIPCO’sfinancial strengthhas led to strongcredit ratings, ratesthat are stable and among the lowest among G&Ts in the Midwest, and access to borrowing capital to complete systemupgradesandenhancementscosteffectively.Theunexpected early closure of DAEC highlights actions taken over many years to manage risk and position CIPCO to withstand the loss of such an important
generation resource. Because of these actions, CIPCO was able to absorb the impairment loss caused by the planned early closure and keep rates stable. CIPCO’s2018 average system rate was the lowest in more than ten years. Returning patronage capital is a fundamental component of the cooperative business model. CIPCO remains committed to sound financial practices thatallow margins to be returned to its members in the form of patronage. During 2018, CIPCO returned patronage totaling $596,389.08 to T.I.P. REC. In today’s energy conscious world, CIPCO andT.I.P. REC are committed to ensuring members are using energy wisely and utilizing available options to reduce excessenergyconsumption.Asaresultoftheseefforts,CIPCOanditsmember-systemsissuedenergy-efficiencyrebates that saved approximately 12,764,812 million kWh of energy. In comparison, the average house uses nearly 11,000 kWh a year according to the U.S. Energy Information Administration. That includes 477,717 kWh savings for T.I.P. REC members. I’m proud of the actions taken in 2018 to secureCIPCO’s position in the rural electric industry. Ouractions have strengthened CIPCO’s commitment toprovidecost-effective,safeandreliableenergytopowerour communities, state and economy into the future.
It is now FREE to Pay Your Bill by Check, Debit or Credit Card. Log on to www.tiprec.com and Click on Rapid Pay or log into SmartHub or Call 888-999-0275.
August TIPS from T.I.P. August TIPS from T.I.P.
2019 Nominating Committee
Pictured above sitting left to right: Larry Wardenburg and Daniel L. Anderson. Standing left to right: Dennis Kempf and Dan O’Rourke. Serving on the committee but not pictured are Ted Bates and James P. Lacina. Your nominating committee met on July 1, 2019, to nominate candidates for your Board of Directors to be voted on at the Annual Meeting Saturday, August 24th. We hope to see you at the meeting!
Changes to Your Patronage Dividend Payment
Yourcooperativehasagainshownoneofthebenefitsof being a member-owned, non-profit organization asit paid 40% of 2002, 75% of 2003, and 10% of 2018 margins which have been allocated to members as patronage dividends. This year your Board of Directors voted to issue patronage dividends to all active members in the form of a bill credit. This bill credit will be applied every year to the August bill. (See the sample bill below.) By not printing and mailing a paper check, your cooperative is being both environmentally friendly and financiallyefficient. As a reminder, we do not pay any amount that is $10.00 or less if you are an inactive member, unless it is thefinalpatronagepaymentontheaccount.Anyamountsof$10.00orlesswillberolledintothefollowingyear’spatronage until such time that the amount is above $10.00orbecomes thefinalpayment, atwhich timeacheck will be sent out. As authorized by your Board of Directors, patronage dividends totaling $511,069.69 were paid to those who were members in 2002, 2003 and 2018 and met the above criteria. If you were a member in 2002, 2003 and 2018 and did not receive a bill credit, please contact our office.
Learn About Cooperative Careers and Our Youth Leadership Program
at the Iowa State Fair! T.I.P. Rural Electric Cooperative is proud to be a Touchstone Energy Cooperative, which means we’repart of a nationwide network of locally owned co-ops to help our members use energy wisely. At the Iowa State Fair in August, the Touchstone Energy Cooperatives of Iowa are again sponsoring the Rastetter 4-H Building on the south side of the fairgrounds. We’re looking forward to connectingwith fairgoers and rural 4-H families at our booth in the air-conditioned building. With a new, interactive display, electric co-op employees will be talking about cooperative careers and our commitment to leadership development with the national Youth Tour program for high school students. Cooperative Careers Throughout rural Iowa, more than 1,200 people are employed full-time at locally owned electric cooperatives. We hire skilled workers like linemen and mechanics in addition to professionals like accountants, engineers, communicators, human resources managers, economic development officers, administrators andcustomer care representatives. Electric co-ops offercompetitivepayandgenerousbenefitsinanexcitingandchallenging industry. Stop by our booth during the Iowa State Fair to learn more about education scholarships, job openings and internship opportunities.Youth Tour Forover60years,Iowa’selectriccooperativeshavebeen sending high school students to Washington, D.C., every June for leadership development at the national Electric Cooperative Youth Tour. On the weeklong Youth Tour trip, students with a passion for government, leadership and servicewillmeetwith electedofficials,learn more about American history, visit dozens of monuments and museums, and come home with a greater understanding of electric cooperatives. Each year your cooperative sends a student in his/her sophomore, junior or senior year of high school. Details on how to apply are published in our T.I.P. February newsletter and on our website.Learnmoreaboutthisincredibleprogramandsign up for more information at our booth during the fair. We’reexcitedtoshareourcooperativestoryattheIowaStateFair;stopbyourboothandsayhello!
Legacy Power Line Inc. Begins Work
Energy Efficiency Tip of the Month Want to light up your outdoor space without increasing your energy use? Try outdoor solar lights! They’re easy to install and virtually maintenance free. Remember, solar lights work best when the solar cells receive the manufacturer’s recommended hours of sunlight.
Non-Discrimination Statement “This institution is an equal opportunity provider and employer.”
Youth Tour Winner, Alaina Allen, Sends
T.I.P. a Postcard
TIP RURAL ELECTRIC COOPERATIVE
612 W. Des Moines St., PO BOX 534Brooklyn IA 52211-0534
Office Billing Hours 7:30 to 4:00 Weekdays Or Toll FreeAfter Hours Outages or Emergencies Only Or Toll FreeRapid Pay Toll Free
(641) 522-9221(800) 934-7976(641) 522-9223(800) 934-7976(888) 999-0275
T.I.P. RURAL ELECTRIC COOPERATIVEPO BOX 534BROOKLYN IA 52211-0534
1
Please detach and return this portion with your payment.
OFFICE BILLING HOURS 7:30 TO 4:00 WEEKDAYS
TELEPHONE 1-800-934-7976
RAPID PAY 1-888-999-0275 OR WWW.TIPREC.COM
JON PLANTS1701 HWY 6BROOKLYN IA 52211-0000
Account No. Membership # Meter Number
947900 34497 P15036
Phone Number Enter New Phone Number
(307) 399-1959
CHECK HERE ______ AND INDICATE ADDRESS CHANGE BELOW
Billing Date 07/31/2019 ESTIMATED BILL
Due Date 08/24/2019 Net Due 322.34
Gross Due After 08/24/2019 322.34
170560000947900000032234000032234071020190
Meter Number Pres Read Prev Read Mult kWh Used Rate Schedule / ReferenceP15036 49828 48298 1.0 1530 1 RURAL RESIDENTIAL
Activity Since Last Bill $ Amount Current Bill Information $ Amount
Previous Balance
Payment
Other Adjustments
Balance Prior to this Billing
THIS YEAR YOUR BOARD OF DIRECTORS VOTED IFYOU ARE AN ACTIVE MEMBER, YOUR PATRONAGEDIVIDENDS WILL BE IN THE FORM OF A BILLCREDIT ON YOUR AUGUST BILL. BY NOT PRINTINGAND MAILIING A PAPER CHECK, YOURCOOPERATIVE IS BEING BOTH ENVIRONMENTALLYFRIENDLY AND FINANCIALLY EFFICIENT.
Retain this copy for your records.
J A S O N D J F M A M J J0
383
765
1148
1530kWhs
Months
KWH USAGE HISTORY
Current Month'sAverage kWh
Per Day
77
Average CostPer Day
7.66
OFFICE HOURS: 7:30 AM to 4:00 PM, Monday - Friday.Closed Saturday and Sunday. Drop Box Available.l
l
l
l
l
Failure to receive bill does not avoid payment.Late payments may not be reflected on this billing.Unpaid bills are subject to collection or disconnect.If service is interrupted, check your fuses or circuit breakers.Check to see if your neighbor is off too.Report promptly if you believe trouble is on R.E.C. lines.
Visit our website: www.tiprec.com
YNNN
144.47
-144.47
0.00
0.00
FACILITIES CHARGE 30.00KWH CHARGES 250 KWH @ $0.1369 34.23KWH CHARGES 1280 KWH @ $0.0941 120.44ECA CHARGES 1530 KWH @ -$0.0009 -1.38 CAPITAL CREDIT REFUND -7.25LOCAL OPTION TAX 1.83
Billing Date 07/31/2019
Due Date 08/24/2019 Net Due 177.87
Gross Due After 08/24/2019 Gross Due 177.87
99999 123 ABC ST 06/20/2019 07/10/2019 20
1675 1 AV 0.380 5 1675JOHN SMITH C-6 P-7123 ABC STBROOKLYN IA 52211-8631
Membership #: 9999Account No. Miscellaneous Information 911 Address Service From To Days
*
The week of July 8th Legacy Power Line Inc.started assembling crews and materials to get started on our 2019 construction work plan projects. They will be starting with our northern projects in Greene, Fillmore, and Troy Townships in Iowa County. They will be upgrading single phase line to three phase line to ensure reliability to better serve our membership. Our line crew will be working on one of the projects in Van Buren and Adams Townships in Keokuk County. We will keep you updated on their progress in future newsletters.
August TIPS from T.I.P. August TIPS from T.I.P.
2019 Nominating Committee
Pictured above sitting left to right: Larry Wardenburg and Daniel L. Anderson. Standing left to right: Dennis Kempf and Dan O’Rourke. Serving on the committee but not pictured are Ted Bates and James P. Lacina. Your nominating committee met on July 1, 2019, to nominate candidates for your Board of Directors to be voted on at the Annual Meeting Saturday, August 24th. We hope to see you at the meeting!
Changes to Your Patronage Dividend Payment
Yourcooperativehasagainshownoneofthebenefitsof being a member-owned, non-profit organization asit paid 40% of 2002, 75% of 2003, and 10% of 2018 margins which have been allocated to members as patronage dividends. This year your Board of Directors voted to issue patronage dividends to all active members in the form of a bill credit. This bill credit will be applied every year to the August bill. (See the sample bill below.) By not printing and mailing a paper check, your cooperative is being both environmentally friendly and financiallyefficient. As a reminder, we do not pay any amount that is $10.00 or less if you are an inactive member, unless it is thefinalpatronagepaymentontheaccount.Anyamountsof$10.00orlesswillberolledintothefollowingyear’spatronage until such time that the amount is above $10.00orbecomes thefinalpayment, atwhich timeacheck will be sent out. As authorized by your Board of Directors, patronage dividends totaling $511,069.69 were paid to those who were members in 2002, 2003 and 2018 and met the above criteria. If you were a member in 2002, 2003 and 2018 and did not receive a bill credit, please contact our office.
Learn About Cooperative Careers and Our Youth Leadership Program
at the Iowa State Fair! T.I.P. Rural Electric Cooperative is proud to be a Touchstone Energy Cooperative, which means we’repart of a nationwide network of locally owned co-ops to help our members use energy wisely. At the Iowa State Fair in August, the Touchstone Energy Cooperatives of Iowa are again sponsoring the Rastetter 4-H Building on the south side of the fairgrounds. We’re looking forward to connectingwith fairgoers and rural 4-H families at our booth in the air-conditioned building. With a new, interactive display, electric co-op employees will be talking about cooperative careers and our commitment to leadership development with the national Youth Tour program for high school students. Cooperative Careers Throughout rural Iowa, more than 1,200 people are employed full-time at locally owned electric cooperatives. We hire skilled workers like linemen and mechanics in addition to professionals like accountants, engineers, communicators, human resources managers, economic development officers, administrators andcustomer care representatives. Electric co-ops offercompetitivepayandgenerousbenefitsinanexcitingandchallenging industry. Stop by our booth during the Iowa State Fair to learn more about education scholarships, job openings and internship opportunities.Youth Tour Forover60years,Iowa’selectriccooperativeshavebeen sending high school students to Washington, D.C., every June for leadership development at the national Electric Cooperative Youth Tour. On the weeklong Youth Tour trip, students with a passion for government, leadership and servicewillmeetwith electedofficials,learn more about American history, visit dozens of monuments and museums, and come home with a greater understanding of electric cooperatives. Each year your cooperative sends a student in his/her sophomore, junior or senior year of high school. Details on how to apply are published in our T.I.P. February newsletter and on our website.Learnmoreaboutthisincredibleprogramandsign up for more information at our booth during the fair. We’reexcitedtoshareourcooperativestoryattheIowaStateFair;stopbyourboothandsayhello!
Legacy Power Line Inc. Begins Work
Energy Efficiency Tip of the Month Want to light up your outdoor space without increasing your energy use? Try outdoor solar lights! They’re easy to install and virtually maintenance free. Remember, solar lights work best when the solar cells receive the manufacturer’s recommended hours of sunlight.
Non-Discrimination Statement “This institution is an equal opportunity provider and employer.”
Youth Tour Winner, Alaina Allen, Sends
T.I.P. a Postcard
TIP RURAL ELECTRIC COOPERATIVE
612 W. Des Moines St., PO BOX 534Brooklyn IA 52211-0534
Office Billing Hours 7:30 to 4:00 Weekdays Or Toll FreeAfter Hours Outages or Emergencies Only Or Toll FreeRapid Pay Toll Free
(641) 522-9221(800) 934-7976(641) 522-9223(800) 934-7976(888) 999-0275
T.I.P. RURAL ELECTRIC COOPERATIVEPO BOX 534BROOKLYN IA 52211-0534
1
Please detach and return this portion with your payment.
OFFICE BILLING HOURS 7:30 TO 4:00 WEEKDAYS
TELEPHONE 1-800-934-7976
RAPID PAY 1-888-999-0275 OR WWW.TIPREC.COM
JON PLANTS1701 HWY 6BROOKLYN IA 52211-0000
Account No. Membership # Meter Number
947900 34497 P15036
Phone Number Enter New Phone Number
(307) 399-1959
CHECK HERE ______ AND INDICATE ADDRESS CHANGE BELOW
Billing Date 07/31/2019 ESTIMATED BILL
Due Date 08/24/2019 Net Due 322.34
Gross Due After 08/24/2019 322.34
170560000947900000032234000032234071020190
Meter Number Pres Read Prev Read Mult kWh Used Rate Schedule / ReferenceP15036 49828 48298 1.0 1530 1 RURAL RESIDENTIAL
Activity Since Last Bill $ Amount Current Bill Information $ Amount
Previous Balance
Payment
Other Adjustments
Balance Prior to this Billing
THIS YEAR YOUR BOARD OF DIRECTORS VOTED IFYOU ARE AN ACTIVE MEMBER, YOUR PATRONAGEDIVIDENDS WILL BE IN THE FORM OF A BILLCREDIT ON YOUR AUGUST BILL. BY NOT PRINTINGAND MAILIING A PAPER CHECK, YOURCOOPERATIVE IS BEING BOTH ENVIRONMENTALLYFRIENDLY AND FINANCIALLY EFFICIENT.
Retain this copy for your records.
J A S O N D J F M A M J J0
383
765
1148
1530kWhs
Months
KWH USAGE HISTORY
Current Month'sAverage kWh
Per Day
77
Average CostPer Day
7.66
OFFICE HOURS: 7:30 AM to 4:00 PM, Monday - Friday.Closed Saturday and Sunday. Drop Box Available.l
l
l
l
l
Failure to receive bill does not avoid payment.Late payments may not be reflected on this billing.Unpaid bills are subject to collection or disconnect.If service is interrupted, check your fuses or circuit breakers.Check to see if your neighbor is off too.Report promptly if you believe trouble is on R.E.C. lines.
Visit our website: www.tiprec.com
YNNN
144.47
-144.47
0.00
0.00
FACILITIES CHARGE 30.00KWH CHARGES 250 KWH @ $0.1369 34.23KWH CHARGES 1280 KWH @ $0.0941 120.44ECA CHARGES 1530 KWH @ -$0.0009 -1.38 CAPITAL CREDIT REFUND -7.25LOCAL OPTION TAX 1.83
Billing Date 07/31/2019
Due Date 08/24/2019 Net Due 177.87
Gross Due After 08/24/2019 Gross Due 177.87
99999 123 ABC ST 06/20/2019 07/10/2019 20
1675 1 AV 0.380 5 1675JOHN SMITH C-6 P-7123 ABC STBROOKLYN IA 52211-8631
Membership #: 9999Account No. Miscellaneous Information 911 Address Service From To Days
*
The week of July 8th Legacy Power Line Inc.started assembling crews and materials to get started on our 2019 construction work plan projects. They will be starting with our northern projects in Greene, Fillmore, and Troy Townships in Iowa County. They will be upgrading single phase line to three phase line to ensure reliability to better serve our membership. Our line crew will be working on one of the projects in Van Buren and Adams Townships in Keokuk County. We will keep you updated on their progress in future newsletters.
TIPS From T.I.P.Published By The T.I.P. Rural Electric Cooperative
OWNED BY THOSE WE SERVEBrooklyn, Iowa
T.I.P. Rural Electric Regular Hours 7:30 to 4:00 Weekdays.....641-522-9221 or Toll Free ................................................. 800-934-7976 After Hours (Outages & Emergencies Only) ..641-522-9223 or Toll Free ................................................ 800-934-7976
website: www.tiprec.com
August 2019
TIPS from T.I.P. is published monthly for members of T.I.P. Rural Electric Cooperative, 612 W. Des Moines St., Brooklyn, Iowa 52211.
OFFICIAL NOTICE OFANNUAL MEETING
OF MEMBERS The Annual Meeting of the members of the T.I.P. Rural Electric Cooperative will be held at the BGM Elementary School Auditorium in Brooklyn, Iowa at 9:15 a.m. on August 24, 2019, to take action upon the following matters:
1.Thereportsofofficers,directorsandcommittees;
2.Theelectionofthree(3)directorsofTheCooperativeforatermofthree(3)years;
3. All other business which may come before the meeting, or any adjournment, or adjournments thereof.
YouareURGEDtoattendthismeeting,hearthereportsoftheofficers,andparticipateintheaffairsoftheCooperative.
Dated: August 1, 2019
RonaldHoffman,SecretaryElectric Car at the Annual Meeting
This year we will again have an electric car at the annual meeting for our members to check out. A 2018 Chevy Bolt electric car will be on site, courtesy of Eastern Iowa REC. Members will have a chance to learn moreaboutthisefficientvehicleoption.
Notice: Your REC office will be closed Labor Day, September 2nd. Have a safe holiday!
Your Vote Counts on Saturday, August 24, 2019!
It is not every company that invites its customers to an annual meeting to elect the board of directors. But your electric cooperative does just that. When you signed up as a consumer of the electric cooperative, you automatically became a member and part-owner of that utility. Cooperativesuseabusinessmodelthatisdifferentfrom other companies. They do not sell stock on Wall Street, so there are no out-of-town investors. Control of a cooperative utility is local. Each consumer of a cooperative is an equal partner in that utility. You may run for a seat on the Board of Directors and vote for the candidates who do run-and know that every candidate is also a consumer of the cooperative. Membership in a cooperative comes with these privileges. It also comes with the responsibility to keep on top of cooperative matters and cast your vote for the directors you think will do the best job.
2018 Central Iowa Power Cooperative Power Supply Report
By: Nick Hammes, Board Member 2018 was a year of breaking new ground for CIPCO. The dynamic level of change taking place for theorganizationwasunheardof;yetI’mproudofhowwe handled the challenges and opportunities. I believe CIPCO is well-positioned to serve its members now andwellintothefuture.I’mprivilegedtoserveasyourrepresentative on both the local board of directors and the CIPCO board of directors. CIPCO began the year with the unplanned announcementofDuaneArnoldEnergyCenter’s earlyclosure. This carbon-free resource currently provides 33 percent of our energy portfolio and will take time to replace. However, forward planning by CIPCO led to the launch of Heartland Divide Wind, a 103.5 MW wind farm from which CIPCO is purchasing 100 percent of theoutput.Itisnowourlargestwindproject.CIPCO’scontinued goal of providing a diverse, 24/7 energy portfolio led to two additional generation announcements in2018.WewillbeworkingwithClēneraLLCastheydevelop Wapello Solar, a 100 MW facility on 850 acres in Louisa County. The new project incorporates thelatest solar technologies and will be the largest solar site in Iowa.Finally, theexistingSummitLakeGeneratingStation in Creston is undergoing an $85 million repowering project. The modernization project for the 70-year old plantwill add 55MWof efficient naturalgas-fired reciprocatingengines intoCIPCO’sportfolio,while retiring the steam engines. T.I.P. REC and CIPCO are committed to providing safe,affordableandreliableelectricity toourmembersacross the system. Ensuring the quality of our transmission lines is an important part of the commitment, which is why CIPCO implemented the New-To-Replace-Old program in 1986 with a goal to reconstruct the original 34.5 KV subtransmission system, work that is nearly complete. In 1995, the program was expanded to include the 69 KV system. To date, more than 650 miles of 34.5 KV line and 180 miles of 69 KV line has been replaced. Together with new technology and sound operating and maintenance programs, NTRO helps ensure that our power supply system achieves the high degree of reliability our consumer-members expect. Financialstrengthisintegraltooursuccess.CIPCO’sfinancial strengthhas led to strongcredit ratings, ratesthat are stable and among the lowest among G&Ts in the Midwest, and access to borrowing capital to complete systemupgradesandenhancementscosteffectively.Theunexpected early closure of DAEC highlights actions taken over many years to manage risk and position CIPCO to withstand the loss of such an important
generation resource. Because of these actions, CIPCO was able to absorb the impairment loss caused by the planned early closure and keep rates stable. CIPCO’s2018 average system rate was the lowest in more than ten years. Returning patronage capital is a fundamental component of the cooperative business model. CIPCO remains committed to sound financial practices thatallow margins to be returned to its members in the form of patronage. During 2018, CIPCO returned patronage totaling $596,389.08 to T.I.P. REC. In today’s energy conscious world, CIPCO andT.I.P. REC are committed to ensuring members are using energy wisely and utilizing available options to reduce excessenergyconsumption.Asaresultoftheseefforts,CIPCOanditsmember-systemsissuedenergy-efficiencyrebates that saved approximately 12,764,812 million kWh of energy. In comparison, the average house uses nearly 11,000 kWh a year according to the U.S. Energy Information Administration. That includes 477,717 kWh savings for T.I.P. REC members. I’m proud of the actions taken in 2018 to secureCIPCO’s position in the rural electric industry. Ouractions have strengthened CIPCO’s commitment toprovidecost-effective,safeandreliableenergytopowerour communities, state and economy into the future.
It is now FREE to Pay Your Bill by Check, Debit or Credit Card. Log on to www.tiprec.com and Click on Rapid Pay or log into SmartHub or Call 888-999-0275.