PEC’s Board of Directors on Monday, July 21, learned of steps Co-op management is taking to achieve the renewable resource goal set by the Board in 2008.
“These are exciting times as we look toward the renewable energy area,” said Chief Executive Officer John D. Hewa. “Pricing is advantageous, and PEC is pursuing cost-effective ways to bring affordable, clean, renewable energy to its members.”
PEC currently maintains about 22 percent renewable generation capacity and is working toward a Board goal of achieving 30 percent renewable generation capacity by 2020.
A presentation by PEC’s Renewable Energy Manager Blake Beavers provided details on four avenues the Cooperative is considering: additional renewable purchased power agreements utilizing large-scale solar arrays, utility-scale solar installations, community solar partnerships and an enhanced member solar program. PEC is also actively pursuing additional wind generation opportunities through its contract with the Lower Colorado River Authority, from which the Co-op purchases most of its wholesale power.
In pursuing this plan, management is seeking cost-effective methods and analyzing how recent, more competitive pricing in both wind and solar production could be passed along to members.
“We should be able to get pricing information in the next two months,” Beavers said. “That will allow us to come back to the Board and show how competitive the pricing really is.”
PEC is pursuing its renewable energy goals in balance with other corporate goals that include maintaining outstanding reliability and member service and becoming the lowest cost cooperative that purchases power from the LCRA.