Central Enters into Power Contract with MEAN

A new power agreement went into effect on January 1, 2024 for the power generated at the Johnson No. 1 and Johnson No. 2 hydroplants with the Municipal Energy Agency of Nebraska (MEAN).  The contract runs through December 31, 2033.

Also on Jan. 1, the power generated at the Jeffrey hydroplant began selling on the Southwest Power Pool (SPP) market.

All generated power at J1 and J2 is being delivered to MEAN for their customers in Nebraska, Iowa, Colorado and Wyoming.  Together, the two plants have the accredited capacity to produce about 42 megawatts of carbon free energy.

MEAN is one of four organizations that make up the Nebraska Municipal Power Pool (NMPP) energy coalition.  MEAN is a not-for-profit organization that provides wholesale electricity supply and services to 69 participating communities in four states.  The agreement with Central aligns with MEAN’s Carbon Neutral 2050 Vision which was approved by their board in 2020.

The Jeffrey hydroplant was not initially included in the agreement with MEAN.  Since Jan. 1, Central has sold the 20 MW of power generated by that plant in the SPP market.

At the May board meeting, Central directors approved adding the Jeffrey hydroplant to the MEAN contract for the period of July 1, 2024 through Dec. 31, 2024.  This partially aligns the Jeffrey contract with that of J1 and J2 while the board continues to investigate ways to improve realized value.

J2 Hydroplant

Power from the J2 Hydroplant, located south of Lexington, is now under contract with MEAN