public power in nebraska customer-owned, customers benefit
DESCRIPTION
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 - PowerPoint PPT PresentationTRANSCRIPT
Public Power in NebraskaCustomer-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• Payments “in lieu” of taxes common
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
Today, Nebraska has 169 utilities owned directly or indirectly by their customers – that’s unique.
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
Nebraska Power Association• Learn more at www.NEPower.org
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.
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.
Benefits• Low-Cost
• High Reliability / Partnerships
• Proactive Maintenance
Benefits• Local control
• In touch with customers
• Less red tape
Benefits• Diverse generation
Renew-ables; 7.2%
Nuclear; 25.7%
Natural Gas; 2.1%
Coal; 64.9%Diesel; 0.1%
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
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
Questions?