CornBelt PowerCooperative
POWER CO-OP CORN BELT
Corn Belt Power Cooperative Corn Belt Power Cooperative Corn Belt Power Cooperative
Corn Belt Power Cooperative electric cooperative (Generation & Transmission)
Headquartered in Humboldt , Iowa with additional facilities near Spencer, Emmetsburg & Hampton 89 employees
Member co-ops serve farms, rural residences, small towns & commercial/industrial members in 41 northern Iowa counties
CORN BELT POWER
@
corn belt power provides power to
& 1 municipal electric cooperative
& governed co-ops are by the people they serve
Corn Belt Power and its member cooperatives are part of the national Touchstone Energy brand, committed to providing superior services at affordable rates.
Touchstone Energy Values:
owned
9
RURAL ELECTRIC COOPERATIVES
Integrity A ccountability Innovation Commitment to
community
Cor n Belt Power Cooperative c o m m i t m e n t t e a m w o r k integrity accountability commitment teamwork
to enhance the quality of life
a b i l i t y
i n t e g r
Values: Corn Belt Power Coo erative
Purpose
Corn Belt Power Cooperative enhances the quality of life for members, employees and communities.
Corn PowerBeltCooperative
Mission
– Responsibly provide reliable, safe and affordable electricity
– Support member cooperatives’ success
– Enhance employees’ effectiveness – Improve communities’ vitality
Directors Board of
David Onken
President
Raccoon Valley
Electric
Cooperative
Dale Schaefer
Vice President Franklin REC
Jerry Beck
Secretary Iowa Lakes Electric
Cooperative, Basin Electric
Larry Rohach
Treasurer Grundy County REC
Steve Boedecker
Calhoun County ECA
Gary Poppe
Asst. Secretary/ Treasurer
Butler County REC
Brad Honold NIMECA
Rick Thompson Midland Power Cooperative
Ted Hall Prairie Energy Cooperative
1,797
Miles
161
336 MW Peak
Belt Power Highlights POWER CO-OP CORN BELT CornBelt PowerCooperative
of Transmission Line
Substations
Load Corn
1
3
6 7 8 2 9
2
4 5
Territory Power Cooperative Corn Belt Iowa Lakes Electric Cooperative Midland Power Cooperative Boone Valley Electric Cooperative Prairie Energy Cooperative Franklin REC Butler County REC Raccoon Valley Electric Cooperative Calhoun County REC Grundy County REC North Iowa Municipal Electric Cooperative Association (NIMECA) Serving municipal utilities of Algona, Alta, Bancroft, Coon Rapids, Graettinger, Grundy Center, Laurens, Milford, New Hampton, Spencer, Sumner, Webster City and West Bend 1 6 2 7 3 8 4 9 5
Electric Power Cooperative Basin Territory
Corn Belt Power Cooperative is a Class A member of Basin Electric Power Cooperative, Bismarck, N.D.
Through this membership, Corn Belt Power sells all of its generation output to Basin Electric and buys all of its power needs above its hydropower contract from Basin Electric.
Fuel Oil 9 73 Neal #4 Crosswind 11 5 7 8 10 2 3 4 21 27 WAPA 6 26 Walter Scott #3 45 Walter Scott #4 Superior 10.5 10.5 Lakota Coal Natural gas / Fuel oil Hydro Wind 22 Webster City 40 Wisdom Unit 2 38 Wisdom Unit 1 2.3 1 Solar Corn Belt Power capacity supplied to Basin Electric in megawatts
* Corn Belt Power supplies 2.1 megawatts of solar capacity to Basin Electric through member-owned solar generation scattered throughout the service territory and from its own Wisdom Station 150 kilowatt array.
6 2
7 10
Council Bluffs Missouri River Sioux City Spencer Ayrshire Superior Lakota Webster City 1*
3 11 5 8 4
9
2022 Generation Mix
and purchased
This information does not allow any cooperative member to claim environmental attributes of power supply since some renewable energy certificates are sold to improve the economics of the renewable generation.
Natural Gas 7% 22.7% 0.8% 19.5% 0.6%
Coal 49.4%
Federal Hydro Wind Waste Heat Market Owned
Members line per mile of Grundy County REC 2.4 Butler County REC Franklin REC Calhoun County REC Midland Power Cooperative Iowa Lakes Electric Cooperative Prairie Energy Cooperative Raccoon Valley Electric Cooperative 3.7 2.6 2.2 3.0 2.4 2.5 1.8 Boone Valley Electric Cooperative Investor-owned Utility Average Municipal Utility Average 1.6 27 54
Corn Belt Power Cooperative is a transmission owner, operating facilities under the Southwest Power Pool’s functional control. Corn Belt Power joined the Southwest Power Pool on Oct. 1, 2015.
Minnesota Nor th Da kota South Dakota Iowa Nebraska Kansas Oklahoma Missouri Arkansas Texas New Mexico W yoming Montana Louisiana Colorado
Financial Ratings
Financial rating agencies listed these factors as contributing to Corn Belt Power receiving an “A” rating:
Ability of Corn Belt Power and its members to set their own rates
Firm service territory boundaries set by Iowa law
Contract with Basin Electric Power Cooperative
Strong operating performance of the assets Corn Belt Power and Basin Electric own
Contracts with its member cooperatives through 2075
Member cooperatives’ good financial metrics
Stable and healthy economy in the territory the cooperatives serve
High reliability of power delivered
Fund POWER
Corn Belt Power has a Revolving Loan Fund also known as the Providing Opportunity Within our Economic Region (POWER) fund. The POWER Fund totals $9 million and consists of USDA Rural Economic Development Loan & Grant (REDL&G) funds and Intermediary Relending Program (IRP) funds. The fund provides low-interest loans to local economic and community development
projects within 25 counties in north central Iowa. The fund’s priorities include job creation and retention, diversification of the local economy, and public infrastructure upgrades to improve health, safety and/or medical care of rural residents.
Industrial Parks in Corn Belt Power’s service area:
Butler County Logistics Park, Shell Rock
Calhoun County Business Park
Clarion Industrial Park, Gates Subdivision
East Lake Industrial Park, Spirit Lake
Ellsworth Industrial Park
Emmetsburg Industrial Park
Estherville Industrial Park
Fredericksburg East Side Industrial Park
Greene Westside Industrial Park
Grundy Center Development Park
Grundy County Industrial Park
Hampton Air Industrial Park
Humboldt Business Park
Lakes Business Park, Spirit Lake
Latimer Industrial & Commercial Park
New Hampton Industrial Park South
Northwest Industrial Park, Humboldt
Southview Industrial Park, Iowa Falls
Spencer Technical Park
Spencer Technical Park South
Storm Lake Industrial Park B
Sumner Industrial Park
Touchstone Energy Park, Garner
Webster City – several development sites
Wright County Industrial Park
Member Load Segmentation
Poultry Swine Manufacturing Ethanol/Diesel Residential&Other26.8% 22.9% 7.6% 11.2% 7.3% 23.9% Municipals
Based on estimated kilowatt-hour sales
Energy Efficiency
Corn Belt Power Cooperative’s energy efficiency programs work to help delay future construction of power plants, reduce power plant emissions, conserve energy resources and control rising energy costs. Incentives and rebates encourage members to save energy and money.
Programs educate members about geothermal and air source heat pumps, energy-efficient lighting, water heating, appliances, insulation and weatherization.
Corn Belt Power’s load management system seeks to reduce peak demand in order to use power supply resources more economically.
Corn Belt Power offers technical support to help commercial, industrial and large agricultural customers reduce operating costs, improve reliability and become more energy efficient.
1963 1973 1983 1993 2003 2013 2023 0 500 1000 1500 2000 2500 Million kWh Corn Belt Power Total Sales
Boone Valley Electric Cooperative Renwick, Iowa
515-825-3998
www.boonevalleyrec.com
Butler County REC
Allison, Iowa
888-267-2726
www.butlerrec.coop
Calhoun County ECA
Rockwell City, Iowa
800-821-4879
www.calhounrec.coop
Franklin REC Hampton, Iowa
800-750-3557
www.franklinrec.coop
Grundy County REC Grundy Center, Iowa
800-390-7605
www.grundycountyrecia.com
Iowa Lakes Electric Cooperative Estherville, Iowa 800-225-4532
www.ilec.coop
Midland Power Cooperative Boone, Iowa
800-833-8876
www.midlandpower.coop
Prairie Energy Cooperative Clarion, Iowa 800-728-0013
www.prairieenergy.coop
Raccoon Valley Electric Cooperative Glidden, Iowa 800-253-6211
www.rvec.coop
Member systems
Corn Belt Power Cooperative
April –Corn Belt Power establishes its headquarters in Humboldt
February – Federated Cooperative Power Association and Central Electric Federated Cooperative Association incorporate; REA grants first loans in nation to these G&Ts to build two diesel plants
August –Federated and Central merge to create Corn Belt Power Cooperative
June –Construction begins on Humboldt Generating Station
1947 1948
1937
October – First
69 kV transmission line energized; first distribution substation energized
Ground broken for Wisdom
Generating Station, Spencer
Employees move into new headquarters building, Humboldt
1958
1949
1959 June –
January –
Microwave communications system installed
Corn Belt Power receives hydropower allocation from Bureau of Reclamation $$$
Corn Belt Power makes first allocation of patronage dividends April –
1960 1963 1965
October –
Neal #4 is dedicated
1967 1974 1979
Spencer Industrial Park has first occupants
June –
Duane Arnold Energy Center, Iowa’s only nuclear power plant, goes into commercial operation
June –
Council Bluffs #3 is dedicated, later named Walter Scott #3
July –
Wind generation installed at Answer Farm, Fort Dodge, for research
Water heater marketing program initiated; heating and cooling programs follow
December –
Corn Belt Power helps establish Iowa Area Development Group
1984
1981
1985
1991 1994 1997
Humboldt headquarters building renovated December –Corn Belt Power and its member systems become charter members of Touchstone Energy brand October –Halloween ice storm knocks out more than 30 substations and breaks more than 250 transmission poles
2000 2002 2004
Humboldt Generating Station dismantled Wisdom Unit 2, Spencer, comes online Purchase of wind power from Hancock County Wind Energy Center
Purchase of wind power from Iowa Lakes Electric Co-op, Superior and Lakota
2007
Purchase of wind power from Crosswind Energy, Palo Alto County
2009
Corn Belt Power becomes Class A member of Basin Electric Power Cooperative; participates in Western Area Power Administration’s integrated transmission system
2014
Wisdom Unit 1 re-establishes natural gas with fuel oil backup
October –Corn Belt Power joins the Southwest Power Pool
June – Tesla® Megapack battery installed, Hampton
August – Duane Arnold Energy Center sustained derecho storm damage and ceased operations ahead of its scheduled Oct.
2020 shutdown. Corn Belt Power owned 10 percent of DAEC.
August – Corn Belt Power opens new transmission building north of the G&T’s Humboldt headquarters
2015
Minnesota No th Dakota South Da ota Iowa Neb aska Kansas Oklahoma Missouri Arkansas Texas New Mexico Wyoming Montana Louisiana Colorado
2023 2020
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1300 13th Street North, Humboldt, Iowa 50548 515-332-2571 • www.cbpower.coop @ CornBeltPower 2024©Corn Belt Power Cooperative Corn Belt Power Cooperative Corn Belt Power Cooperative Corn Belt Power Cooperative
