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Guzman Energy Secures 15-Year Contract Extension with Kit Carson Electric Cooperative


Guzman Power will proceed to ship wholesale energy financial savings to KCEC; financial savings estimated between $150-170 million

DENVER & TAOS, NM, January 09, 2023–(BUSINESS WIRE)–Guzman Power and Package Carson Electrical Cooperative (KCEC) introduced right this moment the extension of their wholesale energy provide settlement that can proceed till June 30, 2041. Established in 2016, the Guzman Power partnership with KCEC gives KCEC with mounted wholesale electrical energy charges that ship financial savings and member price stability. The present contract additionally allows native decision-making for KCEC to broaden native solar energy technology and storage operations as they attain their objective of producing 100% summer time daytime photo voltaic power.

This press launch accommodates multimedia. See the total launch right here: https://www.businesswire.com/information/house/20230109005312/en/

Pictured: Jeffrey Heit, Principal, Managing Director, Guzman Power and Luis A Reyes Jr., Chief Government Officer, Package Carson Electrical Cooperative, Inc (Picture: Enterprise Wire)

Key elements of contract extension embrace:

  • 15-year extension of the unique wholesale energy supplier contract

  • Further wholesale energy financial savings: together with projected contract extension financial savings, the Guzman Power – KCEC wholesale energy partnership is predicted to avoid wasting KCEC $150 million to $170 million over all the lifetime of the contract

  • Fastened wholesale energy charges that present energy value stability for cooperative members

  • Flexibility to extend native, renewable energy technology assets, together with a dedication to the exploration of joint inexperienced hydrogen growth within the KCEC service territory

  • Repeatedly intention to extend KCEC’s entry to renewable power; for the contract extension interval, roughly 60% of the KCEC retail load will probably be served by renewable assets. In consequence, KCEC is predicted to exceed the Power Transition Act (ETA) New Mexico statewide renewable power normal of fifty % by 2030 goal.

  • Guzman Power continues to spend money on the KCEC Neighborhood Fund

“The worth that Guzman Power gives to our membership goes past value financial savings. They’re constant supporters of our neighborhood and share the imaginative and prescient of the KCEC Board to advertise trendy, sustainable and native administration of renewable power. property,” mentioned Luis A. Reyes, Jr., CEO of KCEC. “Guzman Power is a real accomplice for power transition technique and implementation, serving to KCEC change into one among America’s cleanest, best electrical distribution cooperatives.”

With the extension of the contract, the Guzman Power – KCEC wholesale energy partnership is predicted to offer further financial savings of $150 million to $170 million over all the lifetime of the contract. Entry to and possession of transmission traces is a crucial variable in estimating value financial savings. Along with financial savings, the Guzman Power – KCEC partnership has supplied KCEC with mounted wholesale energy price stability in addition to a sequence of native renewable energy technology initiatives together with the event of 41 MW of distributed photo voltaic with 15 MW of related storage. .

“The KCEC Board and management workforce are totally dedicated to serving the wants of their native member homeowners,” mentioned Jeffrey M. Heit, Principal and Managing Director, Guzman Power. “The Guzman Power workforce appears to be like ahead to constructing on the success of the KCEC power transition thus far. This can be a partnership with nice concepts and a observe report of supply.”

About Guzman Power

Guzman Power is a wholesale energy supplier devoted to communities in quest of inexpensive and dependable power. We work with cooperatives, municipalities, corporations and tribes throughout North America to tailor power portfolios that make financial and environmental sense for right this moment and tomorrow. Collectively, we mild the way in which ahead. To study extra, go to www.GuzmanEnergy.com.

About Package Carson Electrical Cooperative

Fashioned in 1944, Package Carson is a member-owned electrical distribution cooperative in northern New Mexico and is the second largest cooperative within the state. Package Carson is one among 16 electrical cooperatives serving New Mexico’s rural communities, serving practically 30,000 members in Taos, Colfax and Rio Arriba counties. To study extra about Package Carson, go to www.kitcarson.com.

See the unique model on businesswire.com: https://www.businesswire.com/information/house/20230109005312/en/


Guzman Power
Amy Messenger
[email protected]

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