Cost-containment, no wholesale power increase, assists in keeping rates stable
During its regularly scheduled meeting (Nov. 15, 2017), the La Plata Electric Association (LPEA) Board of Directors approved its rate structure for 2018, including no rate increase for all members/rate classes of the cooperative.
In addition to LPEA staff’s fiscal responsibility to the membership in developing rate structure, the cooperative’s wholesale power provider, Tri-State Generation and Transmission, stabilized its rates for 2018 and did not raise wholesale power costs.
Development of the LPEA budget is typically a six-month process, where departments analyze the capital needs that ensure the cooperative’s ability to provide safe and reliable electricity service to its members, as well as forecast future capital construction and changes in the industry.
“Part of our mission is to maintain reasonable costs, and we take that very seriously,” said Mike Dreyspring, LPEA CEO. “I challenged the staff this past year to really hold the line and never sacrifice service, reliability and communications, but be very prudent so we could keep the rates stable. Tri-State not raising its wholesale power costs was of tremendous assistance in our rate development process to not raise rates.”
LPEA, a Touchstone Energy Cooperative established in 1939, provides to its more than 30,000 members, with in excess of 42,000 meters, safe, reliable electricity at the lowest reasonable cost, while being environmentally responsible. For additional information, contact LPEA at 970.247.5786 or visit www.lpea.coop.