Loup Generator — Winter 2022

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No change to 2022 retail rates Retail rates for Loup Power District’s retail customers will remain the same in 2022 for the fifth consecutive year. The Loup Power District Board of Directors reviewed current rate levels as well as budgeted revenue and expenses at the November and December board meetings. This also included a review of a retail cost of service study performed by management. As part of this review, the board analyzed the purchased power costs from Nebraska Public Power District (NPPD), the District’s wholesale power supplier. NPPD’s overall costs to Loup are not expected to change for 2022, even though some wholesale rates did change between the summer and winter season. Therefore, the District’s Board of Directors felt there was no need to change retail rates at this time. “Prior to the recent run of consistent retail rates, the District has reacted to changes in wholesale power and operational costs by making changes to the retail rates,” said Jim Donoghue, chairman of Loup’s Rates Committee. “However, the District Board has worked with management to keep retail rate levels steady, even given the effects of the damages from the 2019 storm to the District’s hydroelectric system and the impact of the COVID-19 pandemic on District customers in 2020 and 2021.” Donoghue added that Loup’s board has implemented a long-term strategy to maintain its reserve margin at reasonable levels and keep retail rates competitive. Loup Power District’s overall rates are 24.8 percent below the national average and 8.1 percent below the Nebraska average based on data from a 2020 American Public Power Association survey. “Loup’s rates remain among the lowest in Nebraska and the nation,” said Loup Board Chairman Ross Knott. Average Prices for Residential Electricity 2020 figures, in cents per kWh CA 20.5¢ WA 9.9¢ OR 11.2¢ NV 11.3¢ AK 22.6¢ ID 10¢ UT 10.4¢ AZ 12.3¢ MT 11.2¢ WY 11.1¢ CO 12.4¢ NM 12.9¢ HI 30.3¢ Overall, Loup Power District’s rates are in the lowest tenth percentile both statewide and nationally. Energy or kilowatt-hour (kWh) usage is always the determining factor in a customer’s bill. Customers in all rate classifications continue to have opportunities to reduce their costs by taking advantage of numerous programs offered by the District. These programs include energy incentives and home energy audits. For more information on rates and the Energy- Wise program, visit loup.com. ND 10.4¢ SD 11.8¢ NE 10.8¢ KS 12.9¢ TX 11.7¢ OK 10.1¢ MN 13.2¢ IA 12.5¢ MO 11.2¢ AR 10.4¢ WI 14.3¢ LA 9.7¢ IL 13¢ MS 11.2¢ U.S. Average: 13.2¢ per kWh MI 16.3¢ IN OH 12.8¢ 12.3¢ KY 10.9¢ TN 10.8¢ AL 12.6¢ VT: 19.5¢ NH: 19¢ MA: 22¢ RI: 22¢ CT: 22.7¢ WV 11.8¢ Under 10 ¢ 10¢ to 12.5¢ PA 13.6¢ 12.8¢ GA 12¢ FL 11.3¢ NY 18.4¢ VA 12¢ NC 11.4¢ SC Residential Average Price (cents per kilowatt-hour) Over 12.5¢ Source: U.S. Energy Information Administration Numbers rounded to nearest tenth of a cent Loup’s retail rates are 24.8% below the national average and 8.1% below Nebraska’s average. ME 16.8¢ NJ: 16¢ DE: 12.6¢ MD: 13¢ DC: 12.6¢ For more information on the District’s retail rates and energy-saving programs, visit the District’s website at www.loup.com. 12 | GENERATOR
WINTER 2022 | 13
Page 1 and 2: GENERA OR a publication of Loup Pow
Page 3 and 4: president’s message Loup working
Page 5 and 6: High Efficiency Heat Pumps Option 1
Page 7 and 8: A new aquatic invasive — creeping
Page 9 and 10: PURPLE LOOSESTRIFE Lythrum salicari
Page 11: BENEFTS OF A MINI-SPLIT HEAT PUMP
Page 15 and 16: DAN STRONG Maintenance Technician D

Loup Generator — Winter 2022

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