Evolving Fuel Mix
Hendricks Power’s power supplier, Wabash Valley Power Alliance, has made a commitment over the past decade to dramatically change how electricity is generated for its 21 member electric cooperatives and the 39,000 member-owners of our co-op. Advances in technology have made sustainable energy sources, such as wind and solar power, more environmentally friendly and more affordable.
“Through Wabash Valley Power, we are increasingly using more electricity generated from renewable energy sources, but still depend on a diverse energy mix to ensure reliable power that is available to our members whenever they need it, at an affordable price,” said Greg Ternet, CEO of Hendricks Power.
That’s why Wabash Valley Power has taken a different approach to energy generation: a more balanced approach incorporating various fuel sources. “Hendricks Power strongly supports an all-of-the-above energy strategy that ensures an affordable, reliable, and safe supply of electricity,” stated Greg Ternet.
*Data provided by Wabash Valley Power Alliance. *We invest in the development of renewable projects in a variety of ways. We have constructed several smaller solar arrays near the communities we serve, and we contract with energy producers for the electricity output from wind farms and large-scale solar arrays. Finally, we capture the methane gas that escapes from landfills and turn that gas into electricity. However, because we sell the majority of the renewable attributes associated with the electricity produced by these renewable power sources to third parties, we cannot "claim" those kilowatts that are generated as renewable within our supply portfolio. By selling these attributes, commonly referred to as "RECS", we not only enable other organizations to meet their renewable energy goals, but also the revenues generated from these sales help us to lower wholesale power costs to our 21 member distribution cooperatives.
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