At Cloverland Electric Cooperative, our mission has always been to provide safe, reliable and affordable power to the communities we serve. Reliability is something many of us take for granted – until the lights go out. Behind the scenes, it takes careful planning, skilled crews and significant investment in infrastructure to keep power flowing in every season and in all conditions.
As your cooperative, we take our responsibility to maintain and improve this essential service seriously. That’s why we have developed a four-year, $75 million capital work plan focused on strengthening our system for the future. These projects include upgrading aging poles and lines, replacing outdated equipment, and modernizing technology that helps us respond more quickly when outages occur. Each improvement we make reduces the likelihood of interruptions and shortens restoration times when they do happen. Simply put, without ongoing capital investment, reliability will suffer.
Along with capital work, another major driver of costs is power supply. For example, power supply costs estimated to be $55 million in 2025 are projected to rise to $59 million in 2026. Together, these two factors – capital work and power supply – represent the largest portion of your cooperative’s expenses and the key drivers behind a proposed rate adjustment the board will review in the weeks ahead.
Our strategic plan, guided by the FORGING framework, keeps us focused on financial stability, organizational excellence, reliability, growth, innovation and nurturing our employees and community. As we continue forward, Cloverland’s board has emphasized the importance of reinvesting in our system – much of which has not seen significant improvements for years. These investments are critical to delivering on our cooperative values and ensuring long-term reliability for all members.
When you flip a switch or plug in a device, you count on electricity to be there. That’s why we are investing today – to ensure that your cooperative is ready not only to meet today’s needs but to power the future of our communities.