CMMPA Annual Report: The Highlights
At CMMPA, we are committed to providing energy management and consulting services to our electric utility members and affiliates. In order to continue doing that, we work to find success in every facet of our company.
We are happy to report that 2016 was a great year for us. Here are just a few of the highlights from last year:
CMMPA Cash Position
CMMPA reached its unrestricted working cash goal and increased our cash position by $3 million by utilizing multiple non-traditional revenue sources that include:
- Excess energy sales that are the result of exercising rights from our contract with Xcel Energy
- MISO recovery from our CAPX Brookings Regulatory Asset for recovery of pre- commercial, transmission, and related Administrative & General (A&G) costs and overhead
- Utilities Plus Energy Services management fees.
Maintaining Our Competitive Edge
Although we are one of the smallest municipal power agencies in the five-state area, our A&G costs remain competitive when compared to other regional municipal power agencies. We have remained a competitive force by partially offsetting a portion of our current year A & G costs using non-traditional revenue streams, including:
- Non-member scheduling fees and services
- MISO current year recovery of transmission related A & G
We are always looking for ways to increase efficiency and save energy costs for homeowners and utilities. Members who participated in our Conservation and Energy Efficiency program helped commercial and residential retail customers achieve 1.18 percent in energy savings (3,736,871 kWh). In addition, participating members saved an additional .54 percent in energy savings (1,717,113 kWh) through improvements on the utility side of the meter.
In total, participating members achieved 1.72 percent in energy savings (5,453,984 kWh).
Minimizing Environmental Impact
We are in constant search of new technologies that reduce environmental impact while increasing efficiency. Twenty percent of our members’ energy needs were provided by either agency-sponsored renewable resources or member locally-sourced renewables. In addition, another 17 percent of members’ energy needs were provided from Western Area Power Administration hydropower contracts.
Smart Financial Decisions
We sold our 50 percent ownership interest in Utilities Plus Energy Services for $2 million. Over 16 years, our company and its members received $2.6 million in management fees and member rebates. In total, CMMPA received $4.6 million in return for the $400 thousand start-up loan we invested in the partnership.
A New Solar Program
We were happy to announce the creation of a sustainable community solar program, R4 Solar, that allows residential and commercial utility customers to purchase subscriptions to a shared, community-based solar resource. Six CMPAS members will participate in the initial roll-out of the program:
- Blue Earth
- Granite Falls
- Sleepy Eye
The bulk of the energy purchased to fulfill subscriptions for the R4 Solar program comes from a community solar project developed in collaboration with SMMPA (Southern Minnesota Municipal Power Agency). The program allows subscribers to gain access to a price-competitive and hassle-free alternative to rooftop solar panels.
Click on the cover of the 2016 CMMPA/CMPAS Annual Report to learn more: