What's New
Cooperatives Sign Letters of Intent to Explore Power Plant Partnership
Central Iowa Power Cooperative (CIPCO) and Corn Belt Power Cooperative this week announced they each have signed a letter of intent with Interstate Power and Light Co. (IPL), a subsidiary of Alliant Energy, to explore partnering and joint ownership for the new 600-megawatt coal-fired generating plant in Marshalltown, Iowa.
The following are the news releases provided by CIPCO and Corn Belt Power:
Central Iowa Power Cooperative (CIPCO) has signed a letter of intent to explore partnering with Interstate Power and Light Co. (IPL) in the new 600-megawatt coal-fired generating plant located in Marshalltown Iowa.
The new planned generating unit will utilize super-critical pulverized coal boiler technology along with biomass and co-generation capabilities to provide Iowans a facility that is being built with the best available and proven technologies. Those technologies will increase efficiencies and lower emissions and fuel costs. The design of the facility will meet all of the air emissions standards as well as all requirements that are regulated by the Iowa Department of Natural Resources and federal regulators.
Central Iowa Power Cooperative is Iowa's largest cooperative energy provider that generates and transmits power to its member owners - 12 rural electric cooperatives (RECs) and one municipal electric cooperative - all located within the state of Iowa.
"The new plant would be an attribute to the CIPCO system and help support the increased need for more energy to bolster the robust economic growth throughout our member cooperative service areas," said CIPCO executive vice president and chief executive officer Dennis Murdock. "The production facility, which is located in the heart of our members' 58-county service territory, would provide a dependable energy source positioning CIPCO to meet the around-the-clock needs of our member-owners."
Currently, forty-four percent of the power CIPCO delivers to its members is produced with carbon-free and emission-free generation facilities. CIPCO continues to pursue viable alternative energy resources and the implementation of energy efficiency programs to meet future member needs in a cost effective, reliable and environmentally responsible manner.
CIPCO is headquartered in Cedar Rapids, Iowa with locations in Wilton, Montpelier, Creston and Des Moines. CIPCO's member owners include: Clarke Electric Cooperative, Osceola; Consumers Energy, Marshalltown; East-Central Iowa REC, Urbana; Eastern Iowa Light and Power, Wilton; Farmers Electric Cooperative, Greenfield; Guthrie County REC, Guthrie Center; Linn County REC, Marion; Maquoketa Valley Electric Cooperative, Anamosa; Midland Power Cooperative, Jefferson; Pella Cooperative Electric, Pella; Southwest Iowa REC, Corning; T.I.P. REC, Brooklyn; South Iowa Municipal Electric Cooperative Association (SIMECA). SIMECA is comprised of municipal utilities located in Bellevue, Brooklyn, Cascade, Corning, Earleville, Fontanelle, Gowrie, Greenfield, Lamoni, Lenox, Orient, Stuart, Villisca and Winterset.
About Central Iowa Power Cooperative
Central Iowa Power Cooperative (CIPCO) is a member-owned, not-for-profit electric cooperative. CIPCO's members collectively serve a population of more than 260,000 rural and urban Iowans located in 58 of Iowa's 99 counties. This service territory stretches 300 miles diagonally across Iowa and includes or adjoins 12 of Iowa's 17 cities with populations greater than 25,000. For additional information, visit their web site at www.cipco.net.
# # #
Corn Belt Power Cooperative this week announced it has signed a letter of intent with Interstate Power and Light Co. (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), to enter into joint ownership of IPL's announced 600-megawatt supercritical coal-fired power plant to be built at the site of IPL's existing Sutherland Generating Station at Marshalltown, Iowa.
Along with participating in IPL's Marshalltown plant, Corn Belt Power also plans to purchase an additional 50 megawatts of Iowa-based wind energy to add to its generation portfolio, which currently includes nearly
15 percent renewable wind energy and hydropower.
Humboldt-based Corn Belt Power Cooperative is a generation and transmission cooperative that provides electricity to 11 rural electric cooperatives (RECs) and one municipal electric cooperative. These utilities provide power to farms, rural residences, small towns and commercial/industrial customers in 41 northern Iowa counties.
Corn Belt Power expressed its intent to participate in the planned unit at the Sutherland Generating Station because of the plant's efficiency as a supercritical unit; its potential to burn biomass as fuel; its Iowa location that enables efficient delivery of power; and the opportunity to partner with companies that Corn Belt Power has done business with for many years, including IPL and Central Iowa Power Cooperative, which have also been Corn Belt Power's partners in the Duane Arnold Energy Center nuclear plant located near Palo, Iowa.
The growing rural Iowa economy, driven by the renewable fuels industries, has resulted in increased demand for power. Corn Belt Power's member cooperatives have recorded double-digit increases in electricity sales with the addition of ethanol production facilities and biodiesel plants to their lines.
Corn Belt Power and its member systems are expanding their energy efficiency efforts, encouraging member/owners of electric cooperatives to install efficient appliances, insulate their homes and incorporate new technologies such as compact fluorescent light bulbs and geothermal heating systems. Several technical services programs assist commercial and industrial co-op members to incorporate energy efficiency into their production and operations.
The expanding renewable power supplies and energy efficiency programs will partially offset the increasing demand for electricity from the growing rural economy. The addition of power from IPL's highly efficient coal-fired plant will allow Corn Belt Power and its member systems to fill the remaining needs of the expanding rural industries
Design work on the new plant continues and permitting and regulatory approval efforts are underway. IPL expects to file the regulatory applications with the Iowa Utilities Board in mid 2007. With necessary regulatory approvals, groundbreaking could begin in late 2008 or early 2009. IPL projects commercial operation of the plant in 2013 or 2014.
"A jointly owned power plant allows a company of our size to benefit from the economies of scale achieved by working with others, similar to how we have partnered to build and operate other power plants," says Kenneth Kuyper, executive vice president and general manager, Corn Belt Power. "The timing of this project, along with our announced addition of more wind energy, helps us to serve the growing rural economy as the commercial operation date matches our member systems' needs."
Corn Belt Power and its member cooperatives are part of the Touchstone Energy national brand. Member cooperatives and their headquarters locations are: Boone Valley Electric Cooperative, Renwick; Butler County REC, Allison; Calhoun County REC, Rockwell City; Franklin REC, Hampton; Glidden REC, Glidden; Grundy County REC, Grundy Center; Humboldt County REC, Humboldt; Iowa Lakes Electric Cooperative, Estherville; Midland Power Cooperative, Jefferson; Prairie Energy Cooperative, Clarion; Sac County REC, Sac City; and the North Iowa Municipal Electric Cooperative Association (NIMECA), Humboldt.
Owned by the people they serve, Touchstone Energy Cooperatives are governed by locally elected boards of directors. The not-for-profit cooperatives operate at cost and return any additional margins to their members. Corn Belt Power Cooperative is owned by its member distribution cooperatives.
The following are the news releases provided by CIPCO and Corn Belt Power:
Central Iowa Power Cooperative (CIPCO) has signed a letter of intent to explore partnering with Interstate Power and Light Co. (IPL) in the new 600-megawatt coal-fired generating plant located in Marshalltown Iowa.
The new planned generating unit will utilize super-critical pulverized coal boiler technology along with biomass and co-generation capabilities to provide Iowans a facility that is being built with the best available and proven technologies. Those technologies will increase efficiencies and lower emissions and fuel costs. The design of the facility will meet all of the air emissions standards as well as all requirements that are regulated by the Iowa Department of Natural Resources and federal regulators.
Central Iowa Power Cooperative is Iowa's largest cooperative energy provider that generates and transmits power to its member owners - 12 rural electric cooperatives (RECs) and one municipal electric cooperative - all located within the state of Iowa.
"The new plant would be an attribute to the CIPCO system and help support the increased need for more energy to bolster the robust economic growth throughout our member cooperative service areas," said CIPCO executive vice president and chief executive officer Dennis Murdock. "The production facility, which is located in the heart of our members' 58-county service territory, would provide a dependable energy source positioning CIPCO to meet the around-the-clock needs of our member-owners."
Currently, forty-four percent of the power CIPCO delivers to its members is produced with carbon-free and emission-free generation facilities. CIPCO continues to pursue viable alternative energy resources and the implementation of energy efficiency programs to meet future member needs in a cost effective, reliable and environmentally responsible manner.
CIPCO is headquartered in Cedar Rapids, Iowa with locations in Wilton, Montpelier, Creston and Des Moines. CIPCO's member owners include: Clarke Electric Cooperative, Osceola; Consumers Energy, Marshalltown; East-Central Iowa REC, Urbana; Eastern Iowa Light and Power, Wilton; Farmers Electric Cooperative, Greenfield; Guthrie County REC, Guthrie Center; Linn County REC, Marion; Maquoketa Valley Electric Cooperative, Anamosa; Midland Power Cooperative, Jefferson; Pella Cooperative Electric, Pella; Southwest Iowa REC, Corning; T.I.P. REC, Brooklyn; South Iowa Municipal Electric Cooperative Association (SIMECA). SIMECA is comprised of municipal utilities located in Bellevue, Brooklyn, Cascade, Corning, Earleville, Fontanelle, Gowrie, Greenfield, Lamoni, Lenox, Orient, Stuart, Villisca and Winterset.
About Central Iowa Power Cooperative
Central Iowa Power Cooperative (CIPCO) is a member-owned, not-for-profit electric cooperative. CIPCO's members collectively serve a population of more than 260,000 rural and urban Iowans located in 58 of Iowa's 99 counties. This service territory stretches 300 miles diagonally across Iowa and includes or adjoins 12 of Iowa's 17 cities with populations greater than 25,000. For additional information, visit their web site at www.cipco.net.
# # #
Corn Belt Power Cooperative this week announced it has signed a letter of intent with Interstate Power and Light Co. (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), to enter into joint ownership of IPL's announced 600-megawatt supercritical coal-fired power plant to be built at the site of IPL's existing Sutherland Generating Station at Marshalltown, Iowa.
Along with participating in IPL's Marshalltown plant, Corn Belt Power also plans to purchase an additional 50 megawatts of Iowa-based wind energy to add to its generation portfolio, which currently includes nearly
15 percent renewable wind energy and hydropower.
Humboldt-based Corn Belt Power Cooperative is a generation and transmission cooperative that provides electricity to 11 rural electric cooperatives (RECs) and one municipal electric cooperative. These utilities provide power to farms, rural residences, small towns and commercial/industrial customers in 41 northern Iowa counties.
Corn Belt Power expressed its intent to participate in the planned unit at the Sutherland Generating Station because of the plant's efficiency as a supercritical unit; its potential to burn biomass as fuel; its Iowa location that enables efficient delivery of power; and the opportunity to partner with companies that Corn Belt Power has done business with for many years, including IPL and Central Iowa Power Cooperative, which have also been Corn Belt Power's partners in the Duane Arnold Energy Center nuclear plant located near Palo, Iowa.
The growing rural Iowa economy, driven by the renewable fuels industries, has resulted in increased demand for power. Corn Belt Power's member cooperatives have recorded double-digit increases in electricity sales with the addition of ethanol production facilities and biodiesel plants to their lines.
Corn Belt Power and its member systems are expanding their energy efficiency efforts, encouraging member/owners of electric cooperatives to install efficient appliances, insulate their homes and incorporate new technologies such as compact fluorescent light bulbs and geothermal heating systems. Several technical services programs assist commercial and industrial co-op members to incorporate energy efficiency into their production and operations.
The expanding renewable power supplies and energy efficiency programs will partially offset the increasing demand for electricity from the growing rural economy. The addition of power from IPL's highly efficient coal-fired plant will allow Corn Belt Power and its member systems to fill the remaining needs of the expanding rural industries
Design work on the new plant continues and permitting and regulatory approval efforts are underway. IPL expects to file the regulatory applications with the Iowa Utilities Board in mid 2007. With necessary regulatory approvals, groundbreaking could begin in late 2008 or early 2009. IPL projects commercial operation of the plant in 2013 or 2014.
"A jointly owned power plant allows a company of our size to benefit from the economies of scale achieved by working with others, similar to how we have partnered to build and operate other power plants," says Kenneth Kuyper, executive vice president and general manager, Corn Belt Power. "The timing of this project, along with our announced addition of more wind energy, helps us to serve the growing rural economy as the commercial operation date matches our member systems' needs."
Corn Belt Power and its member cooperatives are part of the Touchstone Energy national brand. Member cooperatives and their headquarters locations are: Boone Valley Electric Cooperative, Renwick; Butler County REC, Allison; Calhoun County REC, Rockwell City; Franklin REC, Hampton; Glidden REC, Glidden; Grundy County REC, Grundy Center; Humboldt County REC, Humboldt; Iowa Lakes Electric Cooperative, Estherville; Midland Power Cooperative, Jefferson; Prairie Energy Cooperative, Clarion; Sac County REC, Sac City; and the North Iowa Municipal Electric Cooperative Association (NIMECA), Humboldt.
Owned by the people they serve, Touchstone Energy Cooperatives are governed by locally elected boards of directors. The not-for-profit cooperatives operate at cost and return any additional margins to their members. Corn Belt Power Cooperative is owned by its member distribution cooperatives.
See all of "What's New"