Public Power in Nebraska Customer-Owned, Customers Benefit

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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 Presentation

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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?

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