Decorah Power invites residents of the greater Decorah area to a special presentation of the Municipal Electric Utility feasibility study at the Christian Life Center in Freeport, Thursday, February 8th, at 6pm.
Dave Berg, project leader for the NewGen Strategies and Solutions consulting team that conducted the study, will be the principal presenter. He will walk through the study assumptions and business model conclusions, and explain the potential service territory. Dave Berg has been in the electric utility business for over three decades, and worked with dozens of municipal electric utilities during that time. He regularly consults with public power agencies on energy market access and operations.
The feasibility study conclusions suggest the greater Decorah area could realize a roughly 30% cost savings through operating its own electric utility, representing roughly $5 million annually, with the same or improved reliability. A future municipal utility board would determine how to allocate those savings between stable or lower rates, infrastructure investment such as undergrounding, locally-owned clean energy generation, or other priorities.
The study consultants recommended that a municipal utility should encompass the greater Decorah area currently served by Alliant, for the most efficient use of grid resources. A previous Iowa Utilities Board (IUB) ruling made it clear such a territory was an option, but also that ultimately the IUB itself would determine what the appropriate territory should be, if a municipal utility were approved.
You can read the full and detailed NewGen study report right here. Bring your questions and – if they’re also out-of-town Alliant customers – your neighbors!