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Louisiana Public Service Commission Approves Washington St Tammany Electric Cooperative’s Power Supply Contract Extension with Louisiana Generating
Washington St Tammany Electric, Cooperative has approval from Louisiana Public Service Commission to extend its power supply contract with Louisiana Generating through 2025. The approval granted on October 25, 2012 ensures members of the cooperative continued low-cost, clean and reliable power.
"Louisiana Generating is an independent power generation company that competes in the marketplace. Through efficiencies and a strong customer focus, Louisiana Generating provides the electric distribution cooperatives with cost competitive and reliable power allowing them to offer their customers with some of the lowest residential rates in the state," said Jennifer Vosburg, President of Louisiana Generating. "We are proud to continue our relationship with Washington-St Tammany Electric and Claiborne Electric helping them to attract members to their areas. We can meet their power needs today with diverse generation and will be able to meet their load growth needs for years to come."
Together, the two cooperatives have contracted for more than 450 megawatts of peak electrical power for their customers.
"Providing our members with affordable power with price certainty is of the utmost importance to us and continuing our relationship with Louisiana Generating gives us that benefit," said Charles Hill, General Manager of Washington-St. Tammany. "By partnering with Louisiana Generating for the last ten years, we have had the lowest rates in the tri-parish area of Washington, St. Tammany, and Tangipahoa parishes. Through the approval of this contract extension, we can continue to do that for years to come."
What does this power supply extension mean to you as a member? Assuming the same fuel pricing as today and the same retail markup, WSTE’s members rate would increase from approximately $80 to approximately $90 per 1000-Kilowatt hours at the 2014 negotiated rate and $95 per 1000-kilowatt hours at the 2025 negotiated rate both well below our competitor’s current $113.81 per 1000-kilowatt hours billed in October 2012.
No matter what the future brings, one thing is certain. Washington St Tammany Electric, Cooperative is “Looking Out for You”.
Cooperative customers extending contracts with Louisiana Generating preserve historic transmission rights invaluable to ensuring reliable electricity supply. "As the second largest user of transmission in the Entergy footprint, our long term use and knowledge of Entergy's transmission system translates into benefits for our customers, both now and for the future," said Vosburg.
Louisiana Generating is a wholly owned subsidiary of NRG Energy. Together, they serve the full requirements needs for 10 Louisiana electric cooperatives with a peak demand of over 2,300 megawatts. In Louisiana and East Texas, they own more than 3,600 megawatts of coal and gas-fired generation including the ultra efficient, natural gas-fueled Cottonwood combined cycle plant sets the bar in the region for low cost fossil-fueled generation and the Big Cajun II plant that uses low sulfur coal to reduce sulfur dioxide, advanced burners to reduce nitrogen oxides and electrostatic precipitators to reduce particulate matter.. NRG Energy is a Fortune 500 and S&P 500 Index company, owns and operates one of the country's largest and most diverse power generation portfolios with more than 25,000 megawatts of generation capacity-enough to supply nearly 20 million homes. Louisiana Generating recently announced new steps to make the Big Cajun II units even cleaner and able to produce affordable power in an environmentally responsible fashion.
WST Power Supply Contract News
Seeks Approval of Power Supply Contract with Louisiana Generating
I have good news to report. Many of you already know that WSTE’s power requirements contract is approaching the eighth year of its ten year term. On January 20th, 2012 I signed an agreement, approved by your Board of Directors, which with approval of the Louisiana Public Service Commission will allow your Cooperative to continue providing low cost electric service to you our members for many years to come.
On February 2nd 2012, Washington-St.Tammany Electric Cooperative, Inc. (WSTE) filed application with the Louisiana Public Service Commission seeking approval of an agreement with Louisiana Generating, a subsidiary of NRG Energy, securing a long term power supply for its members. This filing when approved will continue WSTE’s long standing relationship with Louisiana Generating through March 2025.
What does this mean to you as a member? Assuming the same fuel pricing as today and the same retail markup, WSTE’s members rate would increase from approximately $80 to approximately $90 per 1000 Kilowatt hours at the 2014 negotiated rate and $95 per 1000 kilowatt hours at the 2025 negotiated rate both well below our competitor’s current $111 per 1000 kilowatt hours billed in January 2012.
Charles Hill P.E.
General Manager / CEO
Washington-St.Tammany Electric Cooperative, Inc.
950 Pearl Street
Franklinton, LA 70438