POWERINGIOWA’S

ECONOMY

ABOUT CIPCOCentral Iowa Power Cooperative (CIPCO) is committed to providing safe, reliable and

affordable electric service to our members at the lowest possible long-term cost. We

take pride in offering diversified, efficient and sustainable sources of energy to our

members in a way that reduces our carbon footprint and minimizes the impact to the

environment now and in the future.

Bill CherrierExecutive Vice President & CEO

2016 SOURCES OF ENERGY

33.7%

Nu

cle

ar

38.3%

Co

al

27%

Win

d, H

ydro

, So

lar

&

Lan

dfil

l Gas

.5%

Nat

ura

l Gas

& O

il

As a leading energy provider,

CIPCO’s balanced portfolio is

comprised of a diverse mix of

nuclear, wind, hydro, solar, landfill

gas, natural gas, coal and oil energy

resources. CIPCO is committed to

providing environmentally-friendly

energy; over 60 percent of our

generation is carbon-free*.

*All or some of the renewable energy credits associated

with this generation may have been sold or may be sold

in the future, to other parties, or may be used to comply

with future regulatory requirements.

4.1% of supply is purchased via interchange

.5% other purchases

member systems & generation facilities

South Iowa Municipal Electric Cooperative Association (SIMECA): Municipal utilities of Bellevue, Brooklyn, Cascade, Corning, Durant, Earlville, Fontanelle, Gowrie, Greenfield, Lamoni, Lenox, Orient, Stuart, Villisca and Winterset.

12

4

9

712

36

11

8

10

5

Guthrie

Midland Power

ConsumersEnergy

Clarke

Pella T.I.P.

East-CentralIowa

Linn

MaquoketaValley

Eastern Iowa

Farmers14

Southwest Iowa

1318

1516

17

Western Area Power Administration Hydroelectric

Hancock County Wind Energy Center, Garner Wind

Story County Wind Energy Center, Colo Wind

Elk Wind Farm, Greeley Wind

Hawkeye Wind Farm, Hawkeye Wind

Rippey Wind Farm, Grand Junction Wind

Pioneer Grove Wind Farm, Mechanicsville Wind

Summit Lake, Creston N. Gas & Oil

NextEra Energy Duane Arnold, LLC, Palo Nuclear

Louisa Generating Station, Muscatine Coal

Walter Scott, Jr., Energy Centers #3 & #4, Council Bluffs Coal

Linn County Solid Waste Agency, Marion Landfill Gas

Clarke Solar Farm, Osceola Solar

ZON VELD (Sun Field), Pella Solar

Marshalltown Gateway Centre Solar Array, Marshalltown Solar

Urbana Solar Acres, Urbana Solar

Eastern Iowa Solar, Wilton Solar

Southwest Solar, Corning Solar

1 -

2 -

3 -

4 -

5 -

6 -

7 -

8 -

9 -

10 -

11 -

12 -

13 -

14 -

15 -

16 -

17 -

18 -

BY THE NUMBERSCIPCO is Iowa’s largest member-owned, not-for-profit electric cooperative that generates

and transmits power to 13 member-owned rural electric cooperatives and associations.

CIPCO and its member systems serve approximately 54 percent of the rural electric

cooperative meters in Iowa resulting in 43 percent of the kilowatt-hour sales.

Energy Sales

Operating Revenue

Net Margin

Total Assets

Average System Rate

Miles of Transmission Lines

Population Served

Commercial/Industrial Accounts

Iowa Counties Served

2.8 million kWh

$188 million

$22 million

$768 million

6.32 cents/kWh

1,862

300,000 (approx.)

12,800 (approx.)

58

As of December, 2016

ABOUT OUR MEMBERSCIPCO and our member systems work together as one utility. Cooperation among

cooperatives is a cornerstone to the rural electric cooperative system, and we’re

committed to that philosophy. Together, we:

• are governed by local boards of directors.

• employ 600 full-time staff members with more than $45 million in annual payroll.

• maintain approximately 30,000 miles of transmission and distribution lines.

• have returned more than $144 million in patronage since inception.

Cooperative principle #6:

Cooperation Among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by

working together through local, national, regional and

international structures.

RATE STABILITY

Average System Rate

Year

Percent Carbon-based Percent Carbon-free

Mill

s /

kW

h (r

ate

s)

70

60

50

40

30

20

10

009 10 11 12 13 14 15

0

10

20

30

40

50

60

Pe

rce

nt

of

Po

we

r S

up

ply

Po

rtfo

lio

70

16

CIPCO’s wholesale rates have remained relatively flat over the past eight years all while

making important investments in transmission infrastructure and diverse, carbon-free

generation resources.

Percent Carbon-free

POWERING INNOVATIONEmerging technology in the transportation sector has a direct impact on electric utilities.

To support and promote newer, longer-range electric vehicles, CIPCO purchased a fully-

electric vehicle for use by its employees and the member systems. A new marketing

program provides incentives for the

purchase of all-electric and plug-in

hybrid electric vehicles. In addition,

businesses may qualify for incentives on

charging stations.

This is another way CIPCO is powering

Iowa’s economy and reduces

environmental impacts.

POLICY INITIATIVESIn 2018, CIPCO supports:

• legislation encouraging utility-owned solar.

• protection of Iowa’s defined service territories.

• legislation focused on the safety of line personnel.

• geothermal property tax parity.

• responsible measures for vegetation management.

POWERING IOWA’S COMMUNITIESCIPCO is dedicated to supporting communities and organizations within our service

territory. To that end, we donated nearly $82,000 to nonprofits, community organizations

and youth groups in 2017.

Investing in the communities served by CIPCO and its member systems is critical

for rural growth in Iowa. CIPCO’s donations have supported the new Marion YMCA,

UnityPoint Health – Rural Health Care

Endowment, the Indian Creek Nature

Center, Creston Fire Department,

Iowa-Illinois Safety Council, Junior

Achievement of Central Iowa, the

West Bertram Fire Department, Iowa

State Fair Blue Ribbon Foundation and

countless others.

POWERING ECONOMIC DEVELOPMENTSupporting the rural economic growth of Iowa’s communities contributes to the state’s

vitality. Together, CIPCO and its member systems reinforce their commitment to economic

development by attracting and supporting companies to rural areas within their service

territories.

In 2017, CIPCO and its member systems assisted with many projects, including $360,000

toward the revitalization of the Bricker-Price Block project in Earlham. Additionally,

the Sully Locker and Market overcame a devastating loss with the help of $225,000 in

financial support from CIPCO to reopen in late 2017.

Pictured opposite, from left: Doug Stewart, Pella Cooperative Electric; Stacey and Jared Nikkel, owners of Sully Locker and Market; and Cheri Monahan, CIPCO, at loan closing.

Allan Duffe Wilton

Marcel Fett* Audubon

Duane Armstead Greenfield

Nicholas Hammes* Sigourney

Paul Heineman* Ogden

Dan Westphal* Bridgewater

Duane Ver PloegPella

board of directors

Cooperative directors are elected directly by the membership to guide the organization in making decisions.

*Indicates member of the CIPCO Legislative/Public Policy Committee.

Dale WalkupRedding

Pat VonAhnen Marshalltown

Allen Albers Keystone

Randy RouseAllerton

Roger Krug Fairfax

Gene Manternach* Cascade

HOW IOWA UTILITIES DIFFER

Electric Cooperatives (REC) - 44

Municipal Utilities (Muni) - 136

Investor-Owned Utilities (IOUs) - 2

Iowans receive their electric service from one of three types of utilities. Iowa has

assigned each utility a defined service territory since 1977.

% of Electric Customers

Served in Iowa

Municipals - 13.4%

Electric Cooperatives - 14.3%

IOUs - 72.2%

Electric Cooperatives

IOUs

Municipals

3.5

27

56

Average Number of Customers Per Mile of Line

Percent of Customers by Type

11.6%

87.7%

.7% Other

Residential

C & I C & I

Residential

2.2% Other

13.8%

84%

C & I

Residential

1.2% Other

14.5%

84.3%

REC Muni IOU

Clarke Electric Cooperative, Osceola David Opie (800) 362-2154 www.cecnet.net

Consumers Energy, Marshalltown Jim Kidd (800) 696-6552 www.consumersenergy.coop

East-Central Iowa REC, Urbana Steve Marlow (877) 850-4343 www.ecirec.coop

Eastern Iowa Light & Power Wilton Kirk Trede (800) 728-1242 www.easterniowa.com

Farmers Electric Cooperative, Inc. Greenfield Charles Dunn (800) 397-4821 www.farmersrec.com

Guthrie County REC, Guthrie Center Cozy Nelsen (888) 747-2206 www.guthrie-rec.coop

Linn County REC, Marion Terry Sullivan (319) 377-1587 www.linncountyrec.com

Maquoketa Valley Electric Cooperative Anamosa Jim Lauzon (800) 927-6068 www.mvec.coop

Midland Power Cooperative, Jefferson Bill McKim (800) 833-8876 www.midlandpower.coop

Pella Cooperative Electric Assn., Pella Jon Miles (800) 619-1040 www.pella-cea.org

Southwest Iowa REC, Corning Phil Kinser (888) 220-4869 www.swiarec.coop

T.I.P. Rural Electric Cooperative, Brooklyn Jon Miles (800) 934-7976 www.tiprec.com

MEMBER SYSTEMS & CONTACTS

Bellevue Municipal Utilities Bob Ploessl (563) 872-3357

Brooklyn Municipal Utilities Troy Meldrem (641) 522-9292

Cascade Municipal Utilities Ron Benke (563) 852-3614

Corning Municipal Utilities Tim Larsen (641) 322-3920

Durant Municipal Electric Plant Tami Allison (563) 785-6213

Earlville Municipal Utilities Jake Harris (563) 923-3365

Fontanelle Municipal Utilities David Sickles (641) 745-3961

Gowrie Municipal Utilities Chuck Angstrom (515) 352-3065

Greenfield Municipal Utilities Scott Tonderum (641) 743-2741

Lamoni Municipal Utilities Jon Barney (641) 784-6911

Lenox Municipal Utilities John Borland (641) 333-2550

Orient Municipal Utilities Gary Lowe (641) 337-5711

Stuart Municipal Utilities Pat Howey (515) 523-2915

Villisca Municipal Power Plant Kyle Yates (712) 826-3192

Winterset Municipal Utilities Chuck Johnson (515) 462-2152

SIMECA MEMBERS

Des Moines Office: 515-362-7699 2600 Grand Ave. Suite 300, Des Moines, IA 50312

Cedar Rapids Office: 319-366-8011 1400 Highway 13 SE, Cedar Rapids, IA 52403

www.cipco.net