Skip to main content

The Lost Creek Guide May 15, 2024

Page 1

Volume 17 • Edition 10

May 15, 2024

Delivering to over 17,500 homes & businesses including all of Morgan County.

“Truth will ultimately prevail where there is pains taken to bring it to light” George Washington “If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed” Thomas Jefferson

United Power Signs 25 Year 150 MW Power Purchase Agreement with NextEra Energy Sourced from its South Platte Solar Project in Morgan County

Brighton, CO—United Power, Inc. (United Power), an electric cooperative serving Colorado’s northern Front Range, and a subsidiary of NextEra Energy Resources, LLC, the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage, announce the signing of a power purchase agreement on April 9. Under the 25-year agreement, United Power will receive output from NextEra Energy Resources’ South Platte Solar project, which is scheduled to begin operations in December 2027. “United Power continues to build on our growing portfolio of local, renewable resources under this agreement,” stated Mark A. Gabriel, President and CEO of United Power. “Our strategy is to continue to add resources to our power mix that complement our growth. This new resource is scheduled to come online at the end of 2027 to offset the ongoing territory growth that we expect to see.” NextEra Energy Resources, the owner and operator of the South Platte Solar project, is building the 150 MW facility in Morgan County. The solar installation is expected to generate more than 350,000 MWh annually. “We are thrilled to work with United Power to deliver clean, sustainable energy to its members through our South Platte Solar project,” said Jim Shandalov, VP of Power Origination at NextEra Energy Resources. “Adding 150 MW of solar energy to its supply mix will enable United Power to deliver cost-effective, clean energy in response to its growing power demand.” United Power serves more than 110,000 meters and maintains and operates over 6,500 miles of distribution line. The 900-square mile service territory wraps around the north and west borders of the Denver International Airport. It includes the north and northeast metropolitan development corridors along Interstate 25, Interstate 76, State Highway 85, and E-470 and the Golden Gate and Coal Creek canyons, two of Colorado’s most iconic and historic mountain canyons. As a result of its geographic location, United Power’s system is experiencing significant demand and energy growth, averaging approximately 6% annually. United Power is building an energy portfolio ahead of leaving its current wholesale power supplier on May 1. Since July 2023, the cooperative has announced multiple agreements with providers and generation sources for portfolio assets related to this exit. To learn more about these contracts and United Power’s power supply transition, visit www.unitedpower.com/powersupply.

Common Sense Institute Analysis: SB24-233 Provides No Relief for Taxpayers

Caufield: The bottom line, under SB24-233, Coloradans will still see an increase in property taxes from what is being paid today by Chris Brown & Kelly Caufield, Common Sense Institute Denver, CO - Today, CSI released a new analysis, Does SB24-233 Provide Taxpayer Relief and Predictability? The paper examines the impact of a proposed property tax measure currently making its way through the last hours of the legislative session. “The bottom line, under SB24-233, Coloradans will still see an increase in property taxes from what is being paid today,” said Kelly Caufield, CSI Executive Director. According to the analysis, next year, Colorado homeowners will pay the same elevated amounts from the spike in 2023. In 2025, the same year as the next reassessment period, property tax rates will increase, setting Coloradans up for another increase in their property tax bills. “Unfortunately, the rise in property taxes comes at a time when the average Colorado household is spending $1,230 more per month due to inflation compared to what was spent in 2020,” said Chris Brown, CSI Vice President of Policy and Research. Among the key findings: • There is no relief for taxpayers. Coloradans will not have property tax relief from recent spikes. As reported by CSI, residential property assessment values increased over 27% in 2023. Under SB24-233, Coloradans are locked into these recent elevated property tax payments, resulting in no tax relief for this year or next. • Property taxes will continue to increase. Tax rates increase from what Coloradans are paying today under SB24-233. Even if the value of a home does not increase in 2025, property tax bills will still increase given the growth in underlying rates. For a household with a home valued at $400,000 in 2022, that just saw a spike in their tax bill this year, their effective property tax rate is set to increase from 5.14% under current rates, to 5.71% by 2026. Therefore, even if the value of their home does not change in 2025, they will see an 11%, or $318 increase in their bill. A $700,000 home would face a $403, or 8% increase through 2026. This is driven by an increase in the assessment rate from 6.7% today, to a combination of a 7.15% assessment rate for school districts and a 6.95% assessment rate for all other property tax districts. • This is not a long-term fix. True property tax reform should provide more predictability to homeowners. The proposed 5.5% cap has true limitations. If the state sees another spike in home values, then Colorado is right back at the same place it was several years ago. The re-imposition of the 5.5% district revenue limit includes several carve outs including school districts (which represent over 50% of the tax base) home rule governments, and multiple other revenue sources including oil and gas operations and new construction.

SHOW THEM YOU COUNT! VOTE IN THE JUNE PRIMARY AND THE GENERAL ELECTION IN NOVEMBER Vote for the candidate you believe best meets the needs of you, your family, and your country

WHAT’S IN THIS ISSUE

Page 2: Way of the World Page 2: CDOT Motorcycle Safety Page 2: Richard Holtorf Stresses COGOP Neutrality Page 3: Letters to the Editor Page 4: Wiggins School District Newsletter & Calendar Pages 5 – 7: Brush High School Graduates 2024 Pages 8 – 14: Fort Morgan High School Graduates 2024


Turn static files into dynamic content formats.

Create a flipbook
The Lost Creek Guide May 15, 2024 by Lost Creek Guide - Issuu