At its monthly meeting today, the Omaha Public Power District Board of Directors heard a presentation on the preliminary 2018 Corporate Operating Plan (COP). In keeping with OPPD’s commitment to competitive rates, the proposed plan contains no general rate increase for the second consecutive year.
Key factors considered in the preliminary $1.1 billion budget include the construction of transmission facilities, changing customer usage trends, compliance with changing regulations, the decommissioning of Fort Calhoun Station, and low load growth as a result of improved energy efficiencies. Due in part to agreements for increased fuel and wind energy purchases, the plan includes a minor increase in the Fuel and Purchased Power Adjustment (FPPA) in 2018. The FPPA helps OPPD offset costs out of its control, including increases in fuel and purchased power prices. The proposed 2018 plan addresses these topics while maintaining safe and reliable service, as well as affordable rates.
The preliminary plan will be available for review and comment on oppd.com. Directors will vote on the proposed plan at the Dec. 14 board meeting.
At today’s meeting the board also accepted the monitoring reports for Board Policy: Strategic Directive-4 relating to reliability and Board Policy: Strategic Directive-13 relating to stakeholder outreach and communication. Additionally, the board accepted revisions to Board Policy: Strategic Directive-2, relating to competitive rates and Board Policy: Strategic Directive-5, relating to customer satisfaction.
The board also heard a presentation on a new addition to OPPD’s demand side management efforts with smart thermostats. A partnership with smart thermostat maker Nest, an Alphabet, Inc. company, Rush Hour Rewards will help eligible OPPD customers with Nest thermostats use less electricity during peak energy hours and earn bill credits on their OPPD statements. Customers participating in Rush Hour Rewards will receive a one-time $100 bill credit, as well as a $20 credit each year they participate. The new Thermostat Program is an alternative to the successful Cool Smart program, which remains an option for customer-owners. The program formally launches in early December, and more information is available at oppd.com/thermostat.
In other business, the board:
- Welcomed new board member Mark Treinen, representing District 1.
- Awarded a contract to Siemens Energy, Inc. for the upgrade of the Cass County Units 1 & 2 control system in the amount of $787,184.52.
- Awarded a contract to Watts Electric Company for construction services related to transmission and substation upgrades in a Sarpy County substation in the amount of $800,319.47.
- Approved retirement plan and supplemental retirement plan revisions.
- Approved the board’s 2018 meeting calendar. Regular meetings of the Board shall be held at the general offices of the District in Energy Plaza, Omaha, Nebraska, on the first Thursday after the tenth day of each month. That schedule will be posted in the near future at oppd.com/boardmeeting.
- Received its monthly President’s report. Once posted, you can view that report by visiting oppd.com/boardmeeting.
Next month’s board committee meetings will start at 8:30 a.m. Tuesday, Dec. 12. The monthly board meeting will be Thursday, Dec. 14 at 4 p.m. Both meetings will take place at OPPD’s Energy Plaza, 444 S. 16th St., Omaha.
The meetings are livestreamed at oppd.com as part of the district’s commitment to transparency, while making public meetings accessible and convenient for our customer-owners.