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Corn Belt Power Holds Annual Meeting  

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CONTACT: Kathy D. Taylor
Corn Belt Power Cooperative
P.O. Box 508
Humboldt, Iowa 50548
515-332-7726
kathy.taylor@cbpower.coop

FOR IMMEDIATE RELEASE

CORN BELT POWER COOPERATIVE FOCUSES ON RELIABILITY, AFFORDABILITY

HUMBOLDT – “The Cooperative Way – Keeping the Lights on Affordably” headlines the 2008 Corn Belt Power Cooperative Annual Meeting April 8 at the Best Western Starlite Village, Fort Dodge. The theme centers on Corn Belt Power’s mission to provide reliable and affordable power to its member cooperatives.

Corn Belt Power sold more electricity in 2008 than in any previous year. Total sales in 2008 to member cooperatives, North Iowa Municipal Electric Cooperative Association, Webster City Municipal Utilities and others increased to 1,914 million kilowatt-hours, surpassing the record of 1,863 million kilowatt-hours set in 2007. The increase in sales was primarily due to the addition of new commercial and industrial loads, especially those in the renewable fuels industry. In 2008, Corn Belt Power experienced an all-time-high system peak on a day with high crop drying loads in November, reaching 340 megawatts. This new record peak was 15 percent higher than the previous record.

Corn Belt Power, headquartered at Humboldt, is a generation and transmission electric cooperative providing power to 11 rural electric cooperatives and one municipal electric cooperative serving farms, rural residences, small towns and commercial/industrial members in 41 northern Iowa counties.

The member cooperatives served by Corn Belt Power are Boone Valley Electric Cooperative, Renwick; Butler County REC, Allison; Calhoun County REC, Rockwell City; Franklin REC, Hampton; Glidden REC, Glidden; Grundy County REC, Grundy Center; Humboldt County REC, Humboldt; Iowa Lakes Electric Cooperative, Estherville; Midland Power Cooperative, Jefferson; North Iowa Municipal Electric Cooperative, Humboldt; Prairie Energy Cooperative, Clarion; and Sac County REC, Sac City.

In his address during the business meeting, Donald Feldman, president of the Corn Belt Power Cooperative Board of Directors, reviewed the challenges of keeping electricity affordable in times of rising costs and potential climate change legislation. He commented, “I can’t state strongly enough how important it is for everyone who is committed to keeping rates affordable to contact their federal legislators. We will make sure our legislators hear our voice, so we can maintain the quality of life rural Iowans enjoy.”

Kenneth Kuyper, executive vice president and general manager, detailed the importance of working with Basin Electric Power Cooperative, Bismarck, North Dakota, to achieve Corn Belt Power’s goals. “For Corn Belt Power, the partnership will help reduce risk and buffer market volatility. It will reduce Corn Belt Power’s future financial obligation and will enhance long-term rate control through an alliance with a larger entity,” he said. “Most importantly, the partnership will position Corn Belt Power to meet long-term needs of its co-ops and their members at the end of the line.”

Elections were held for representatives to the Corn Belt Power board of directors from the following cooperatives: Grundy County REC, Donald McLean; Midland Power Cooperative, Charles Gilbert; North Iowa Municipal Electric Cooperative, Ronald Deiber, all three-year terms; and Franklin REC, Dale Schaefer, a one-year unexpired term.

Following the business meeting, keynote speaker Charlie Wittmack, the first Iowan to climb Mount Everest, gave his presentation, “The Peak and Pond: Stories of Adventure from Everest to the English Channel.”

During the business meeting, the Iowa Area Development Group presented system awards to the following cooperatives: Butler County REC, Glidden REC and Iowa Lakes Electric Cooperative, project development; and Grundy County REC and Midland Power Cooperative, community development. ###

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