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Eastern Iowa Light & Power Cooperave Annual Report 2018
Transcript

Eastern Iowa Light & Power Cooperative

Annual Report 2018

Mission StatementEastern Iowa REC is committed

to providing safe, reliable and affordable offerings to our members to enhance

their quality of life.

For 83 years, Eastern Iowa REC has been working for and with rural consumers to provide quality electric service and enhance the standard of life within our service territory. Eastern Iowa REC serves a diverse membership that includes traditional farm operations, rural housing areas, industrial and commercial developments, and recreational facilities. The Eastern Iowa REC rural service area covers all or portions of 12 counties, stretching along the Mississippi River, from Sabula in the north to Burlington in the south and west to Iowa City. Eastern Iowa REC has service centers in DeWitt, Lone Tree and Wapello. The headquarters office complex is located in Wilton.

InsidePage 2Page 4Page 5Page 7Page 10

President & CEO ReportWholesale Power ReportWhat is grid resiliency?2018 Year in ReviewFinancial Reports

It is our privilege to pres-ent the 2018 Eastern Iowa Light and Power Coopera-tive Annual Report to the membership. Looking back on 2018, we believe the or-ganization enjoyed anoth-er successful year and has once again fulfilled its obli-gation of providing safe, re-liable and affordable service to the Cooperative member-ship. This observation is based on the organization’s financial performance in 2018 and its performance as measured against our self-imposed goals. The Cooperative remains on solid economic footing and continues to meet all of its financial responsibil-ities. The organization is positioned to maintain this positive financial stance as we move forward. During 2018, the trend of relatively flat growth in membership that we have seen for several years con-tinued. Weather condi-tions, however, remain the main element that affects sales. For the year 2018 we saw an overall increase in sales, much of which can be attributed to warm-er summer temperatures and cooler winter weather. While we experienced a warmer summer and cooler winter in 2018, Mother Na-ture was kind to us in re-gards to storms. This led to another positive for the Cooperative in fewer power outages in 2018. For the year, the organization re-

corded just 1.88 hours of outage time per member. Any time this figure is be-low two hours it is a posi-tive statistic for the Cooper-ative. This statistic is also very much tied to weather conditions. Total operating reve-nues were $63.9 million in 2018. Operating ex-penses were $61.3 mil-lion resulting in operating margins of $2.6 million.

Combined with non-oper-ating margins and capital credits of $2,877,168, the net margins for 2018 were $6,481,784. We also returned $3.1 million in patronage cap-ital to members as autho-rized by the board of direc-tors. This brings our total patronage capital returned to the membership to more than $47.6 million and serves as evidence that the Cooperative truly is being operated with the member needs in mind and on a co-operative basis. Eastern Iowa REC con-tinues to support the de-velopment of reliable and cost-effective renewable energy. Currently, there are more than 170 renew-able systems interconnect-ed through the service ter-ritory. The vast majority of these are solar systems. The Cooperative has also been monitoring the per-formance of its own wind turbine and solar panel, lo-cated at the DeWitt service center, since 2010. The Eastern Iowa Solar Acres facility continues to produce power for our pow-er supplier, Central Iowa Power Cooperative. The utility-scale solar array feeds electricity into the Co-operative’s Wilton substa-tion, which is just across the highway from the ar-ray. The Eastern Iowa ar-ray is the largest of the five in CIPCO’s project. It con-tains 7,236 panels on 201

President and CEO’s Report

Joel R. CarstensenPresident

2 Eastern Iowa Light & Power Cooperative

Kirk W. TredeCEO

to the membershipracking tables. In 2018, it produced 3,000,726 kWh of electricity, enough to power more than 300 homes for a year. Power generation was highlighted in 2018 with the announcement of the closing of the Duane Arnold Energy Center (DAEC) and CIPCO’s announcement regarding the development of a large solar project in southeast Iowa. DAEC is a nuclear gen-erating facility near Palo, IA. It was first commis-sioned in 1975. Originally, Alliant Energy owned 70% of the plant and our pow-er supplier, CIPCO, owned 20% with Corn Belt Power Cooperative, a generation and transmission cooper-ative in northwest Iowa, owning the remaining 10%. In 2006, Alliant sold their ownership share to Florida Power and Light, known now as NextEra En-ergy. At the time of the sale, Alliant agreed to a purchase power agreement (PPA) for the output of the plant from the 70% ownership of Next- Era. Since then, the plant license has been extended to 2034. However, the PPA between Alliant and Next- Era expires in 2025. A few years ago, Alliant indicated they were un-likely to extend their con-tract. This would effectively result in the end of oper-ations at DAEC in 2025. Eastern Iowa REC, along with CIPCO and their oth-

er member cooperatives, have been working on the assumption that we would need to replace the 20% DAEC capacity and energy as of 2025. Late in the summer of 2018, Alliant and NextEra announced the PPA would be ending in 2020 and Al-liant would be paying a fee for the early termination. While this was a surprise to us, it does make sense for Alliant to do this. They have enough capacity and ener-gy in their portfolio to cover their needs, so it will save them money in the long run. While the CIPCO family of cooperatives will be short of capacity in 2020, the en-ergy market prices are low-er than average and there is time for us to put gener-ation assets in place. These could be via con-tract or owned assets. Co-operative members should take comfort in knowing that we are working diligent-ly to find the best solution. One step toward adding generation assets was the announcement of the solar project near Wapello. CIPCO will partner with Clēnera LLC to develop the largest solar project in Iowa, and one of the larg-est in the Midwest. CIPCO will purchase 100% of the energy and capacity output for 25 years from Wapello Solar, a 100-megawatt so-lar facility to be located on approximately 800 acres in Louisa County. This area

is served by Eastern Iowa REC, a CIPCO member co-operative. The project will incorpo-rate the latest in solar ar-ray technology to provide cost-effective, clean electric energy. Cutting-edge solar panel technology will be paired with efficient solar inverters and a single-axis tracking system to max-imize energy generation. Clēnera, based in Boise, ID, will develop and operate Wapello Solar with the fa-cility retaining all associat-ed renewable energy cred-its. The completion date for Wapello Solar is expected to be December of 2020. In Eastern Iowa REC’s eight-plus decade history, the one common thread is the Cooperative’s ability to adapt to change. This has allowed the organization to become stronger and more aware of the needs of our members. Times of change cause us to keep in focus what truly matters, and to focus on our common ob-jective--much like our ru-ral electric cooperative pio-neers did over 83 years ago in order to bring electricity to this area. We are focused on powering the lives of our members and empowering the communities we serve.

Joel R. Carstensen President

Kirk W. TredeCEO2018 Annual Report 3

Wholesale Power ReportBy: Gary Kester

(Kester represents Eastern Iowa REC on the Central Iowa Power Cooperative board of directors. CIPCO is the elec-tric power supplier for Eastern Iowa REC and 13 other mem-ber-owned electric cooperatives and associations in Iowa.) 2018 was a year of break-ing new ground for CIPCO. The dynamic level of change taking place for the organiza-tion was unheard of; yet I’m proud of how we handled the challenges and opportunities. I believe CIPCO is well-posi-tioned to serve its members now and well into the future. CIPCO began the year with the unplanned announcement of Duane Arnold Energy Cen-ter’s early closure. This car-bon-free resource currently provides 33% of our energy portfolio and will take time to replace. However, forward planning by CIPCO led to the launch of Heartland Divide Wind, a 104.5 MW wind farm from which CIPCO is purchas-ing 100% of the output. It is now our largest wind project. CIPCO’s continued goal of providing a diverse, 24/7 en-ergy portfolio led to two addi-tional generation announce-ments in 2018. We will be working with Clēnera LLC as they develop Wapello Solar, a 100 MW facility on 800 acres in Louisa County. The new project incorporates the latest solar technologies and will be the largest solar site in Iowa. Finally, the existing Sum-mit Lake Generating Station in Creston is undergoing an $85 million repowering proj-ect. The modernization project for the 70-year old plant will add 55 MW of efficient natural gas-fired reciprocating engines into CIPCO’s portfolio, while retiring the steam engines. Eastern Iowa REC and CIP-CO are committed to providing safe, affordable and reliable electricity to our members

across the system. Ensuring the quality of our transmis-sion lines is an important part of the commitment, which is why CIPCO implemented the New-To-Replace-Old program in 1986 with a goal to recon-struct the original 34.5 kV subtransmission system. This work is nearly complete. In 1995, the program was expanded to include the 69 kV system. To date, more than 650 miles of 34.5 kV line and 180 miles of 69 kV line has been replaced. Together with new technology and sound operating and maintenance programs, NTRO helps ensure that our power supply system achieves the high degree of re-liability our consumer-mem-bers expect. Financial strength is inte-gral to our success. CIPCO’s financial strength has led to strong credit ratings, rates that are stable and also the lowest among G&Ts in the Midwest, and access to borrowing cap-ital to complete system up-grades and enhancements cost effectively. The unexpected early clo-sure of DAEC highlights ac-tions taken over many years to manage risk and position

CIPCO to withstand the loss of such an important gener-ation resource. Because of these actions, CIPCO was able to absorb the impairment loss caused by the planned early closure and keep rates stable. CIPCO’s 2018 average system rate was the lowest in more than 10 years. Returning patronage cap-ital is a fundamental compo-nent of the cooperative busi-ness model. CIPCO remains committed to sound financial practices that allow margins to be returned to its members in the form of patronage. During 2018, CIPCO returned patron-age totaling $2,550,094.09 to Eastern Iowa REC. In today’s energy conscious world, CIPCO and Eastern Iowa Light & Power Coopera-tive are committed to ensur-ing members are using energy wisely and utilizing available options to reduce excess ener-gy consumption. As a result of these efforts, CIPCO and its member sys-tems issued energy-efficiency rebates that saved approx-imately 12,764,812 million kWh of energy. In comparison, the average house uses nearly 11,000 kWh a year according to the U.S. Energy Information Administration. That includes 1,471,938 kWh savings for Eastern Iowa REC members.

Gary Kester

4 Eastern Iowa Light & Power Cooperative

2018 Annual Report 5

What is grid resiliency? Resiliency of the grid is one of the most popular con-cepts being talked about in the electric industry today. This concept made head-lines in the wake of Hur-ricanes Irma and Maria in 2017, which caused extraor-dinary damage to Puerto Ri-co’s electric grid resulting in the longest sustained outage in U.S. history. Lack of resilience became the go-to phrase to describe Puerto Rico’s grid. Hurri-cane Michael caused cat-astrophic damage in 2018 when it roared through Mexico Beach, FL. Here in Iowa, what does grid resil-iency mean for you? Hurricanes obviously are- n’t a threat to eastern Iowa, but Mother Nature can send devastating ice storms, tor-nadoes and other severe weather our way. Resiliency is many things--

it’s reliability in your electric service, it’s our ability to ef-ficiently restore your power, it’s being able to meet the de-mands of new technology and it’s how we serve you with various generation sources without skipping a beat. Ul-timately, resilience is how we deliver on our promise to im-prove the quality of life for our members. When it comes to having a resilient electric grid, it begins with a system that is designed and built to with-stand high winds, power-ful storms, cybersecurity threats and other disrup-tions that could result in outages. A resilient grid is also flexible and adaptable by allowing different types of generation--such as wind, solar, gas, coal and hydro--to seamlessly work together to provide you with safe and reliable pow-er. The way our systems react to advancements in

technology--from demand response investments to serving the needs of electric vehicles--all factor into the resilience of our grid. Resiliency is a 24/7, 365- days-a-year task. Whether it’s the power lines, substa-tions or generation facilities on our grid, it takes proac-tive maintenance and invest-ment to keep them running smoothly. With thousands of consumers without power for months, the lack of resil-iency in Puerto Rico’s pow-er grid wasn’t solely caused by hurricane damage; it was the result of years of ne-glect in taking care of their system and preparing for a worst-case scenario. In a similar way to how we maintain our vehicles with regular oil changes, in-spections and tire rotations, a grid must also be properly maintained. Throughout the year, we regularly conduct pole and line inspections.

Hurricanes aren’t a threat in Iowa, but ice storms certainly are. This scene, along a rural Cedar County road, was typical of much of the Eastern Iowa REC service territory following the devastating ice storm that struck February 24, 2007.

Following the 2007 ice storm, 235 miles of overhead line was rebuilt with shorter spans between poles. This strengthens the sys-tem and will help mitigate the damage caused by future storms.

6 Eastern Iowa Light & Power Cooperative

Our goal is to find a prob-lem before it becomes one. For example, if we find a weak pole that has damage from termites, we replace that pole. Doing so ensures that pole is as strong--or as resilient--as it can be. The Cooperative respond-ed to the severe ice storm in 2007 by taking steps to help prevent or limit the damage of future storms. In 2011, a $20.8 million FEMA mitigation grant was approved which provided funds to rebuild 235 miles of line in eight counties within the Cooperative’s service territory. This re-build strengthened the dis-tribution system against possible future storms. Sections of overhead line were rebuilt with short-er spans between the poles and stronger line was used. Spans are now built with 225-feet between poles, 50 feet less than previous con-struction. The Cooperative is also working to increase the frequency of its tree trim-ming program so that there are fewer limbs that could come in contact with lines when weighed down by a coating of ice. A new tracked dig-ger-derrick vehicle has been added to the Cooperative’s fleet. This vehicle allows crews to access sections of line in mud, snow or sand that regular trucks could not. The newer basket and digger-derrick trucks the Cooperative operates also have longer booms which

also aid in power resto-ration efforts. On the technology side, the Outage Management System (OMS) is especially valuable during large scale outages. Outage informa-tion received from incom-ing phone calls is routed through the OMS. It can then analyze and correlate the data and help Coopera-tive personnel direct power restoration efforts. Using the OMS, all out-ages are displayed on a digital map, along with the locations of Cooperative crews. This provides a vi-sual key to help guide pow-er restoration plans. The OMS can also help person-nel diagnose the extent of an outage and help pin-point possible causes. Cooperative members can access some of this data by viewing the pow-er outage map found by

scrolling to the bottom of the Eastern Iowa REC website, www.easterniowa.com. This map will show the general areas and num-ber of members affected by power outages. Living in Iowa, we know that significant power out-ages can occur, especially when severe weather hits. Whether we’re at the mer-cy of a winter ice storm or summer tornado, we have confidence in the resilien-cy of our system to recover from the situation with as little disruption as possible. In the dictionary, re-silience is defined as “the ability to bounce back, re-cover quickly and go back into shape or position af-ter being stretched.” When it comes to providing our member-owners with re-silient service, this is what we work toward--day in and day out!

Building for a stronger future

The Cooperative’s tracked digger-derrick vehicle allows crews to access sections of line in mud, snow or sand that regular trucks could not.

2018 Annual Report 7

2018 Year In Review Eastern Iowa REC’s orig-inal mission was to bring reliable electric service to the rural areas of our ser-vice territory. The task, started in 1935, enhanced the standard of living for the rural residents the Cooperative serves. Today, the mission to enhance and support the rural commu-nity within the Cooperative service territory continues. One of the ways Eastern Iowa REC does this is through economic develop-ment. In 2018, the Coop-erative partnered with WTC Communications, the tele-communications provider for the town of Wilton, to help fund a housing study for the city. Wilton pur-chases its electrical power from the Cooperative. WTC facilitated a $2,500 Ripple Effect planning grant and contributed $1,250 toward the project. The Cooperative also contribut-ed $1,250 to make a total of $5,000 available for the con-sultant planning services. The Ripple Effect pro-gram, a partnership alli-ance between Aureon and Iowa Area Development Group, is designed to advance the business and community development vitality of rural Iowa by join-ing local independent tele-communications compa-nies and partnering munic-ipalities in their economic development initiatives. The program provides financial and technical assistance to business and industry and communities,

Cooperative mourns loss of director

David Timmerman

David Timmerman, 65, Bennett, passed away July 28, at his home sur-rounded by his family. Timmerman served as vice president of the Eastern Iowa REC board of directors and had served as a director since 2011. The Eastern Iowa REC board and employees shared their condolences with the Timmerman family on the passing of their husband, father, grandfather and brother.

The city of Wilton accepted a $2,500 Ripple Effect planning grant for the planning of a housing development in Wilton. Shown, from the left, are Chris Ball, Wilton City Administrator; Sue Cosner, IADG vice president of community initiatives; Mark Peterson, WTC general manager; and Dave Mohr, Eastern Iowa REC division manager of business develop-ment.

through local telecommu-nication providers, to stim-ulate growth and develop-ment in rural Iowa. The program makes available low-interest loans to business applicants and planning grants to commu-nities and their economic development partners for various types of communi-ty development projects. The Cooperative also sup-ports area young people through a pair of scholar-ship programs, one admin-istered locally and a second one administered through the Northwest Iowa Com-munity College (NWICC) Powerline Program. To help support the NWICC Powerline Program, the Cooperative donates $10,000 a year to a schol-arship program for stu-dents from the eastern Iowa area. Since 1987, the Coop-erative has rewarded some of the area’s finest young adults from more than 50 different communities with a total of $293,500 in schol-arship funds. The Cooperative awards $1,000 scholarships to 15 students planning to attend four-year colleges or univer-sities and $500 scholarships to five students planning to pursue a trade-related degree at a community college, tech-nical school or line school. In 2019, the trade-related scholarship amount was raised to $1,000. Funding for these schol-arships is drawn from funds from unclaimed patronage

dollars. In the past, these unclaimed dollars were returned to the State of Iowa coffers, but the Cooperative is now allowed to use these funds to sup-port specific programs to promote education or eco-nomic development. In March 2018, Eastern Iowa REC launched a new portal for members to access and pay their monthly energy bills. SmartHub® can help Cooperative members take control of their Eastern Iowa REC account like

never before. Smart- Hub® has several features that can make managing your account as easy as possi-ble. Using a computer, smart phone or tablet, Cooperative members are able to:• Pay bills.• View, print or download current and previous bill-ing statements.• Access accounts 24/7.• Review electricity use.• Set accounts up for auto-matic payment.• Receive e-mail and/or text notifications regarding bills.• Report power outages. Access SmartHub® by vis-iting the Eastern Iowa REC website, www.east erniowa.com, or by downloading the app on your mobile device through the Apple App Store (iPhone or iPad) or Google Play Marketplace (Android phone or tablet).

8 Eastern Iowa Light & Power Cooperative

2018 Year In Review

F.E. Fair, his wife, Betty (left) and daughter, Betsy admire the bronze plaque that was given to Fair at the 1970 Eastern Iowa REC annual meeting in acknowledgment of his long career in the electric utility industry and his 27 years of service to the Cooperative.

2018 Year In Review

2018 Annual Report 9

While always looking to the future, the Cooperative also remembers its past. In February, 2018, Cooper-ative personnel re-hung a plaque in the lobby of the Wilton service center that was removed from the lobby of the old office in Wilton. The plaque recognized the contri-butions of former Eastern Iowa REC general manager F.E. Fair. Fair served the Coop-erative from 1948-1971. The Fair plaque was unveiled and presented to him at the 1970 Cooperative annual meeting. The Cooperative’s board of directors gave the plaque to Fair and it was presented to him by Clyde T. Ellis, the general manager of the National Rural Electric Cooperative Association at the time. In his remarks, Ellis said, “This is not an occasion celebrating your imminent retirement after a quarter century as general manager of this Cooperative. It is rather an occasion cel-ebrating your great leader-ship in Iowa and the nation.” The plaque was signed by President Harry S. Truman, President Lyndon B. Johnson, Vice President Spiro T. Agnew, Vice Pres-ident Hubert H. Hum-phrey, Iowa Governor Robert D. Ray, U.S. Senator from Iowa Harold E. Hughes and several other industry leaders. When the Cooperative moved its headquarters to a new facility in Wilton, the communications tower at

the old facility was no longer needed. The tower, owned by Central Iowa Power Cooperative, was removed a year ago. The 180-foot tower has served as a landmark in

Wilton since it was erected in 1973. The Cooperative now uses the communications tower at the CIPCO facility north of Wilton along Interstate 80.

The communications tower at the Cooperative’s old headquarters facility was removed a year ago. The 180-foot tower was taken down in four sections.

Financial ReportsComparative Balance Sheet

Eastern Iowa Light & Power Cooperative Statistics

wMiles of linewNumber of metersw Number of memberswMeters per mile of line wKilowatt hours purchased wAnnual Meeting

20184,855

25,40318,271

5.23675,065,304

20174,848

26,22918,223

5.41654,590,144

Thursday, September 5, 2019

ASSETS Utility Plant: Total Electric Plant Less Accumulated Depreciation and Amort. Net Electric Plant

Investments: Investments in Associated Organizations Other Investments Total Investments Current Assets: Cash and Cash Equivalents Accounts Receivable Inventories Other Current and Accrued Assets Total Current Assets

Other Assets: Deferred Debits

TOTAL ASSETS

EQUITIES AND LIABILITIES Members’ Equity: Membership Fees Patronage Capital Other Equities Total Members’ Equity Long-Term Debt

Current Liabilities: Current Maturities of Long-Term Debt Notes Payable Accounts Payable Other Accrued Liabilities Total Current Liabilities

Other Liabilities: Deferred Credits

TOTAL LIABILITIES

2018

$182,469,837(61,091,513)

$121,378,324

$30,775,715376,941

$31,152,656

$9,223,5586,568,8081,863,051

240,085$17,895,502

$1,574,755

$172,001,237

$182,71039,021,42047,321,833

$86,525,963

$61,146,978

$1,392,42015,350,000

3,684,6011,749,058

$22,176,079

$2,152,217

$172,001,237

2017

$173,799,482(56,551,864)

$117,247,618

$30,711,339462,684

$31,174,023

$9,676,8006,590,9772,098,257

250,899$18,616,933

$1,976,584

$169,015,158

$182,23037,844,92045,112,681

$83,139,831

$76,372,074

$1,343,0204,278,241

01,736,534

$7,357,795

$2,145,458

$169,015,158

10 Eastern Iowa Light & Power Cooperative

Financial ReportsComparative Statement of Operations

Your Energy Dollar 2018A. Cost of Power B. Depreciation & Amortization C. Consumer ExpenseD. Operations & Maintenance E. Administrative & General F. Margins G. Interest/Other

64¢9¢2¢

11¢5¢ 4¢5¢

INCOME Sale of Electric Energy: Residential Small Commercial Large Commercial Public Streets and Buildings Resale Total Sales of Electric Energy

Other Revenue: Consumers’ Forfeited Discounts and Other Electric Revenue

TOTAL OPERATING REVENUE

EXPENSES Cost of Power Operations and Maintenance Consumer Accounts and Service Administrative and General Depreciation and Amortization Interest Other Deductions

TOTAL EXPENSES

EARNINGS Operating Margins Non-Operating Margins Capital Credits

NET MARGINS

2018

$39,643,1905,619,774

16,394,974376,384

1,613,528$63,647,850

$274,219

$63,922,069

$41,045,5296,974,5411,416,3383,275,5235,485,5513,088,365

14,468

$61,300,315

$2,621,754982,862

2,877,168

$6,481,784

2017

$38,205,5755,612,702

16,669,194375,408

1,615,351$62,478,230

$280,029

$62,758,259

$40,637,5706,633,5141,398,1163,325,7595,293,8212,948,251

13,474

$60,250,505

$2,507,754636,232

3,273,562

$6,417,548

2018 Annual Report 11

A

B C

D

EF

G

Board of Directors and Staff

The Eastern Iowa REC board of directors include seated from left: Glenn McCulloh, Secretary Tom Hotz, Treasurer Kathy Wunderlich, President Joel Carstensen, Vice President Gary Kester, Assistant Secretary Ken Purdy, and Nancy Varner. Standing, from left: Michael Moes, Jim Roling, Les Paarmann, Terry Philips, Bill Petersen, Robert Crew, Allan Duffe, and Mike Shuger.

The Eastern Iowa REC executive staff includes, seated from left: Al Kroeger, division manager of operations; Dave Mohr, division manager of business develop-ment; Michelle Walker, division manager of administrative ser-vices; and Tim Iossi, manager of operation technology. Standing, from left, are: Lance Kephart, manager of information technol-ogy; Don Roth, division manager of member service; Bob Wiemer-slage, division manager of ac-counting, and Dennis Hill, divi-sion manager of engineering.

12 Eastern Iowa Light & Power Cooperative

Eastern Iowa RECCorporate Goals & Objectives

1. To provide an adequate, dependable supply of electrical energy.

2. To price electricity at the lowest practical cost consistent with prudent financial management principles.

3. To foster moderate, sustained growth in energy sales and promote economic development within our general service area.

4. To maintain a flexible, fluid organization responsive to the needs of the Cooperative members.

5. To perform our duties and responsibilities in a safe and efficient manner through the development of programs, policies and procedures which ensure that our members, employees and the general public are properly protected.

6. To supplement the efforts of our local communities and be recognized as a good corporate citizen.

HEADQUARTERS1705 W. 3rd St.Wilton, Iowa 52778(563) 732-2211 SERVICE CENTERS500 South Fifth St.DeWitt, Iowa 52742(563) 659-3146 309 West Commercial St.Lone Tree, Iowa 52755(319) 629-4221 829 Washington St.Wapello, Iowa 52653(319) 523-2411

DeWitt

WiltonLone Tree

Wapello

Clinton

Davenport

Burlington

Iowa City

Eastern Iowa Light & Power Cooperative

PHONE (563) 732-2211TOLL FREE (800) 728-1242FAX (563) 732-2219E-MAIL [email protected] SITE www.easterniowa.com

Printed on Recycled Paper.


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