Your KPUB, Your Power
This is an exciting time for KPUB as we embark on the lengthy process of exploring the possibility of owning power generation. This strategic move has been a long-term consideration for several decades.
One of our power supply contracts, which provides a significant portion of our energy needs, expires in the next few years. With power demand rising and the Texas energy market becoming increasingly volatile, we believe owning generation would better position KPUB to maintain long-term, stable rates.
We are applying for funding from the Texas Energy Fund, which offers low-interest loans for constructing or upgrading dispatchable electric generating facilities within the ERCOT region. Our proposed project is a highly efficient natural gas-fired generation plant capable of operating at full capacity during extreme weather conditions.
KPUB already has some of the lowest rates in our region, and this project should help us ensure they remain competitive. Initial indications suggest that owning this generation facility would support lower rates for our customers versus continuing to purchase wholesale power.
We are committed to engaging with our community as we explore our utility’s future power sources. KPUB will host two Power Hour presentations to provide an overview of this potential project on Thursday, 8/1, 9-10 a.m., or Thursday, 8/8, 5:30-6:30 p.m. in the KPUB Boardroom. Due to space limitations, RSVP is required. RSVP to [email protected] or 830.257.3050.
Please visit kpub.com/power to take the survey and learn more about project plans.
As a public power utility company, KPUB makes decisions based on the best interests of our customers. We highly value your input because this organization is community-owned—we are your KPUB and your power.