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CIPCO Central Iowa Power Cooperative

CIPCO Central Iowa Power Cooperative. Iowa Industrial Energy Group April 9, 2013. CIPCO At A Glance. Founded: 1946 Locations: Cedar Rapids, Creston, Des Moines, Montpelier and Wilton Employees: 129 Members: 13 rural electric cooperatives and associations

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CIPCO Central Iowa Power Cooperative

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  1. CIPCOCentral Iowa Power Cooperative Iowa Industrial Energy Group April 9, 2013

  2. CIPCO At A Glance Founded: 1946 Locations: Cedar Rapids, Creston, Des Moines, Montpelier and Wilton Employees: 129 Members: 13 rural electric cooperatives and associations Territory: Stretches 300 miles diagonally across Iowa serving 58 of Iowa's 99 counties

  3. CIPCO At A Glance Energy Sales: 2.8 million MWh Operating Revenue: $187 million Net Margin: $23.9 million Total Assets: $659 million Peak Demand: 610 MW (2012) Transmission Lines: 1,869 miles

  4. How Iowa Utilities Differ

  5. CIPCO Member Systems • Member-owned, not-for-profit governed by board of directors • 13 rural electric cooperatives and associations • Serve 320,000 residents and 12,000 commercial/industrial accounts • Service territory adjoins 12 of Iowa’s 17 largest cities • 449 distribution employees • Smallest member = 2,832 consumers – Largest member = 25,606 • Density: 2.3 members per mile line – 11.7 members per mile line

  6. CIPCO Member Systems Service Areas

  7. Wholesale Power Supply(2013 Annual Estimate) Owned & Co-owned Power Plants DAEC Nuclear Walter Scott #3 Coal Walter Scott #4Coal Louisa Coal Fair Station Coal Summit Lake/Peaking Gas/Diesel Contract Purchases WAPA Hydroelectric(13 MW) Hancock County Wind Farm (2 MW) Story County Wind Farm (42 MW) Elk Wind Farm (41 MW) Hawkeye Wind Farm (36 MW) Rippey Wind Farm (50 MW) Pioneer Grove Wind Farm (6 MW)

  8. Transmission SystemMiles of Transmission Line = 1,869Transmission Substations = 29

  9. Transmission Technology

  10. Balanced & Diverse Portfolio • More than 95% generated in Iowa • Over 50% carbon-free and emissions-free • Limited market exposure with over 95% from owned units and long-term contracts • Growth in energy efficiency and renewable resources Ownership and resource diversity lead to price stability

  11. Power Supply Fuel Mix Emissions- & Carbon-Free 7-State Region CIPCO Commitments Wind, Etc. 26% 51% Hydro 4% Nuclear N-Gas 1% Coal 48% 70% 2013 2010 Years

  12. Business Partnerships CIPCO Subsidiaries: • Iowa Area Development Group • Capital Management Associates (CMA) • CMA Ventures • Myriad Developers

  13. Business Partnerships CIPCO Business Partners • Electric utility industry • Iowa Association of Business & Industry • Coalition of Comm. Bankers & Comm. Colleges • Active in communities we serve

  14. Major Industry Challenges Aging Infrastructure: • Generation assets • Transmission grid • Workforce challenges • Shortage • Skills gap

  15. Major Industry Challenges Changing regulatory climate: • Short-term cycles vs. long-term business model • Planning vs. reacting • Regulatory progression • Environmental • Financial • Health care

  16. Major Industry Challenges Evolving energy markets: • Transition to market models vs. monopoly • FERC, MISO, NERC oversight • Absence of national energy policy

  17. CIPCO’s Strategic Goals • Asset ownership • Diversity of generation resources • Stewardship of our system • Financial strength and flexibility • Facilitate a platform of growth • Leverage with our business partners

  18. Thank you!

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