Guzman Power will proceed to ship wholesale energy financial savings to KCEC; financial savings estimated between $150-170 million
DENVER & TAOS, NM, January 09, 2023–(BUSINESS WIRE)–Guzman Power and Equipment Carson Electrical Cooperative (KCEC) introduced right this moment the extension of their wholesale energy provide settlement that may proceed till June 30, 2041. Established in 2016, the Guzman Power partnership with KCEC gives KCEC with fastened wholesale electrical energy charges that ship financial savings and member charge stability. The present contract additionally permits native decision-making for KCEC to develop native solar energy era and storage operations as they attain their purpose of producing 100% summer season daytime photo voltaic power.
This press launch accommodates multimedia. See the total launch right here: https://www.businesswire.com/information/house/20230109005312/en/
Pictured: Jeffrey Heit, Principal, Managing Director, Guzman Power and Luis A Reyes Jr., Chief Government Officer, Equipment Carson Electrical Cooperative, Inc (Picture: Enterprise Wire)
Key facets of contract extension embrace:
15-year extension of the unique wholesale energy supplier contract
Further wholesale energy financial savings: together with projected contract extension financial savings, the Guzman Power – KCEC wholesale energy partnership is predicted to avoid wasting KCEC $150 million to $170 million over the whole lifetime of the contract
Mounted wholesale energy charges that present energy price stability for cooperative members
Flexibility to extend native, renewable energy era assets, together with a dedication to the exploration of joint inexperienced hydrogen improvement within the KCEC service territory
Continued purpose to extend KCEC’s entry to renewable power; for the contract extension interval, roughly 60% of the KCEC retail load might be serviced by renewable assets. Consequently, KCEC is predicted to exceed the Power Transition Act (ETA) New Mexico statewide renewable power customary of fifty % by 2030 goal.
Guzman Power continues to spend money on the KCEC Neighborhood Fund
“The worth that Guzman Power gives to our membership goes past price financial savings. They’re constant supporters of our group and share the imaginative and prescient of the KCEC Board to advertise fashionable, sustainable and native administration of renewable power. property,” mentioned Luis A. Reyes, Jr., CEO of KCEC. “Guzman Power is a real companion for power transition technique and implementation, serving to KCEC grow to be one in all America’s cleanest, most effective electrical distribution cooperatives.”
With the extension of the contract, the Guzman Power – KCEC wholesale energy partnership is predicted to offer further financial savings of $150 million to $170 million over the whole lifetime of the contract. Entry to and possession of transmission strains is a crucial variable in estimating price financial savings. Along with financial savings, the Guzman Power – KCEC partnership has supplied KCEC with fastened wholesale energy charge stability in addition to a collection of native renewable energy era tasks together with the event of 41 MW of distributed photo voltaic with 15 MW of related storage. .
“The KCEC Board and management staff are totally dedicated to serving the wants of their native member homeowners,” mentioned Jeffrey M. Heit, Principal and Managing Director, Guzman Power. “The Guzman Power staff seems ahead to constructing on the success of the KCEC power transition up to now. It is a partnership with nice concepts and a observe file of supply.”
About Guzman Power
Guzman Power is a wholesale energy supplier devoted to communities seeking inexpensive and dependable power. We work with cooperatives, municipalities, corporations and tribes throughout North America to tailor power portfolios that make financial and environmental sense for right this moment and tomorrow. Collectively, we mild the way in which ahead. To study extra, go to www.GuzmanEnergy.com.
About Equipment Carson Electrical Cooperative
Shaped in 1944, Equipment Carson is a member-owned electrical distribution cooperative in northern New Mexico and is the second largest cooperative within the state. Equipment Carson is one in all 16 electrical cooperatives serving New Mexico’s rural communities, serving almost 30,000 members in Taos, Colfax and Rio Arriba counties. To study extra about Equipment Carson, go to www.kitcarson.com.
See the unique model on businesswire.com: https://www.businesswire.com/information/house/20230109005312/en/
Contacts
Guzman Power
Amy Messenger
amessenger@guzmanenergy.com
