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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

CIPCOCentral Iowa Power Cooperative

Iowa Industrial Energy Group

April 9, 2013

cipco at a glance
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

cipco at a glance1
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

cipco member systems
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
wholesale power supply 2013 annual estimate
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)

transmission system miles of transmission line 1 869 transmission substations 29
Transmission SystemMiles of Transmission Line = 1,869Transmission Substations = 29
balanced diverse portfolio
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

power supply fuel mix
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

business partnerships
Business Partnerships

CIPCO Subsidiaries:

  • Iowa Area Development Group
  • Capital Management Associates (CMA)
  • CMA Ventures
  • Myriad Developers
business partnerships1
Business Partnerships

CIPCO Business Partners

  • Electric utility industry
  • Iowa Association of Business & Industry
  • Coalition of Comm. Bankers & Comm. Colleges
  • Active in communities we serve
major industry challenges
Major Industry Challenges

Aging Infrastructure:

  • Generation assets
  • Transmission grid
  • Workforce challenges
    • Shortage
    • Skills gap
major industry challenges1
Major Industry Challenges

Changing regulatory climate:

  • Short-term cycles vs. long-term business model
  • Planning vs. reacting
  • Regulatory progression
    • Environmental
    • Financial
    • Health care
major industry challenges2
Major Industry Challenges

Evolving energy markets:

  • Transition to market models vs. monopoly
  • FERC, MISO, NERC oversight
  • Absence of national energy policy
cipco s strategic goals
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
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