Generator_Spring 2023_Final

BOARD OF DIRECTORS
Steve Heesacker
Chairman
Bob Cerv
First Vice Chairman
Jim Donoghue
Second Vice Chairman
Mike Fleming
Secretary
Dick Tooley
Treasurer
Rich Aerni
Alan Drozd
Chris Langemeier
Larry Zach
EXECUTIVE STAFF
Neal Suess
President/CEO
Walt Williams
Vice President,
Accounting & Finance/CFO
Todd Duren
Vice President,
Corporate Services
Korey Hobza
Vice President, Engineering
Dan Hellbusch
Vice President, Operations
The Loup Generator is
published quarterly
as a service for Loup
employees, families,
friends, and associates.
For feedback, story ideas
and submissions, contact:
Stacy Wemhoff
Communications Coordinator
402-562-5711
swemhoff@loup.com
Counties receive $2.1 million
Loup Power District recently delivered its
inside revenue payments and the second
half of the in-lieu-of-tax payments to the
counties it serves. This is a benefit of being
served by a locally controlled, not-forprofit
utility.
Like other businesses, Loup Power District
pays sales tax, gasoline taxes, motor
vehicle license fees, and permit fees. The
in-lieu-of-tax payments are made to
service area counties in lieu of occupation,
personal property, and real estate taxes.
County treasurers will distribute the
funds to the various taxing bodies in each
county.
Total in-lieu-of-tax payments for 2022:
Platte — $ 9,713.77
Boone — $5,078.34
Loup pays communities $1.3 million
Loup Power District recently
delivered lease payment
checks totaling more
than $1.3 million to area
communities.
Each of these communities
owns their electric
distribution systems.
These payments
compensate them for the
use of those systems for the
fourth quarter of 2022.
Loup Power District renewed its
membership in Community Clubs
and Chambers of Commerce in towns
throughout its service area.
Checks totaling $31,462 were presented
to communities in Boone, Colfax, Nance,
Platte, and Madison counties. Payment
amounts are based on the 2022 gross
revenues in each community.
“Membership renewal demonstrates
Loup Power District’s commitment to
community involvement in all of our area
towns,” said Todd Duren, Vice President of
Corporate Services for Loup Power District.
Nance — $ 6,445.84
Colfax — $240.48
Madison — $359.27
Total — $ 21,837.70
Communities use the funds
for a variety of public
projects.
The payments were:
Columbus—$985,653.03
Platte Center—$8,916.75
Monroe—$12,242.23
Tarnov—$1,249.05
Creston—$5,082.66
Humphrey—$23,554.52
Lindsay—$51,123.29
Cornlea—$1,626.79
Newman Grove—$17,302.55
The District is also required to make
additional payments to the counties to
guarantee they receive 5 percent of the
inside revenues from the various towns in
their areas subject to the in-lieu-of-tax
payments.
Additional payments to the counties for
2022:
Madison — $35,417.07
Platte — $1,641,628.92
Nance — $123,549.88
Colfax — $108,337.06
Boone — $185,799.17
Total — $2,094,732.10
Duncan —$15,800.89
Fullerton—$29,582.02
Genoa—$21,471.24
Belgrade—$3,257.44
Richland—$2,699.98
Howells—$17,546.50
Leigh—$15,013.18
Clarkson—$16,654.46
Albion—$43,240.94
Cedar Rapids—$19,478.51
Primrose—$1,441.62
Petersburg—$9,781.35
St. Edward—$18,390.12
Total — $1,321,109.12
Loup renews community memberships
Towns and their payments include:
Columbus Area Chamber —$22,309
Albion Chamber of Commerce—$1,583
Lindsay Community Club—$1,403
Fullerton Chamber of Commerce—$1,104
Genoa Chamber of Commerce—$744
Humphrey Community Club—$727
Howells Community Club—$593
Clarkson Community Club—$584
Newman Grove Community Club—$550
St. Edward Community Club—$556
Cedar Rapids Community Club—$496
Petersburg Community Club—$288
Leigh Community Club—$425
Primrose Community Club—$100
2 | GENERATOR