1 / 14

Public Power in Nebraska Customer-Owned, Customers Benefit

Public Power in Nebraska Customer-Owned, Customers Benefit. Public Power Basics. Customer owned - customers are “shareholders ” Operations/decisions reflect customer values Dividend to shareholders are low rates Transparency Tax Exempt Financing Exempt from certain taxes

chesmu
Download Presentation

Public Power in Nebraska Customer-Owned, Customers Benefit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Public Power in NebraskaCustomer-Owned, Customers Benefit

  2. Public Power Basics • Customer owned - customers are “shareholders” • Operations/decisions reflect customer values • Dividend to shareholders are low rates • Transparency • Tax Exempt Financing • Exempt from certain taxes • Payments “in lieu” of taxes common

  3. Public Power in Nebraska • 1887 – Crete formed first electric department • 1930 – hundreds of municipalities and 5 holding companies owned 42 electric utilities • 1933 – NE Legislature passed law governing creation of public power districts • 1934 to 1946 – consumers bought out private electric companies – NE Power Company was last purchased and turned into OPPD

  4. Today, Nebraska has 169 utilities owned directly or indirectly by their customers – that’s unique.

  5. Nebraska Power Association • Nebraska Power Association (NPA) was formed 1980 • Provides a forum to resolve and discuss intra-industry issues • Represents all of Nebraska’s publicly-owned, electric utility systems • 15-member Board of Directors

  6. Nebraska Power Association • Learn more at www.NEPower.org

  7. Basic Statutory Structure of Electric Utilities in Nebraska • Provide low-cost, reliable electricity without conflict, competition and duplication of facilities. • Statutory structure focused on consumer-owned utility serving Nebraskans. • Exclusive retail service areas.

  8. Basic Statutory Structure of Electric Utilities in Nebraska • Generally cannot construct or acquire generation or transmission facilities without approval of the NE Power Review Board. • No retail wheeling. • Can’t transfer generation to retail customers in another utility’s retail service area. • Statutes don’t contemplate construction of facilities primarily for export.

  9. Benefits • Low-Cost • High Reliability / Partnerships • Proactive Maintenance

  10. Benefits • Local control • In touch with customers • Less red tape

  11. Benefits • Diverse generation

  12. Renewable Energy • Customers Desire Renewable Energy • C-Beds, LB 1048 • How to Make It Work - Elkhorn Ridge Wind-Bloomfield - Crofton Hills – Crofton - PPA for Energy

  13. Final Take • We’re serious about power • We’re stronger together • We’re servants • We stand by our work • We’re your energy partner …. OPPD

  14. Questions?

More Related