This past year seems to have gone by in a blur. Families and businesses have been faced with many challenges here in the U.S. — primarily from much higher costs for many of the things we need most in our daily lives but also from the challenges of simply getting what we need, when we need it because of supply chain snarls that stretch around the world.
Our mission to provide you with a reliable, affordable, and environmentally responsible supply of electricity is an ever-evolving job. For example, our investment in environmental control equipment at Cardinal Plant over the years has made our waste streams cleaner than ever. It also has allowed us to beneficially re-use the combustion byproducts from our coal-fired generation facilities in a variety of useful ways.
More so than ever, public policies — more specifically, government policies — are driving energy prices, choices, and availability. We have experienced a dramatic run-up in the price of every form of energy in less than a year’s time. We continue to witness both actual blackouts and near misses on a more regular basis. Electric cooperatives across the United States and here in Ohio represent less than 10% of the electric industry, but we continue to be among the strongest advocates for reliable, affordable, always-available electricity systems.
Buckeye Power has been the generation and transmission supplier to Ohio’s electric cooperatives since 1968, producing electricity from power plants and delivering it across the high-voltage transmission network (or “grid”) to each of those 24 electric cooperatives. Throughout this long history, American Electric Power (AEP) has been a partner to Buckeye Power in the generation of electricity — first only at Cardinal Power Plant, but adding more facilities as time went on.
Cooperation among cooperatives is a principle ingrained in the cooperative business model and lived out by cooperative employees when we face challenges. This summer, we have already seen powerful storms tearing through much of Ohio — uprooting trees, breaking utility poles, disrupting electric service, blocking roads, and generally making a mess of things.
The Fourth of July provides us an opportunity to celebrate our independence as the United States of America. Our national holiday also provides an opportunity to reflect on the courage and strength of will demonstrated by the colonial leaders who drafted and signed our famous Declaration of Independence.
While the first few lines are more famous, the closing sentence provides a clear view of their understanding of what it takes to be truly independent.
After a damp and chilly spring, most of us were more than ready for the arrival of bright days filled with warmth and sunshine. Your electric cooperative is ready for summer, too.
We are becoming all too familiar with the unpleasant reality of high inflation rates for nearly everything we buy. A significant factor in the higher cost of goods and services is the runaway price of most forms of energy — the price of crude oil, gasoline, natural gas, coal, and propane have all increased, by 30, 40, even 50% over the past year.
The recent invasion of Ukraine by Russia is a stark reminder of what a cold, harsh place the world can be. I have no idea how bad this invasion will turn out to be. Most of us can only wait for news and pray for the safety of the Ukrainian people enduring this brutal attack.
Ohio’s 24 electric cooperatives have been through a lot together over the past 80 years. Each has had periods of celebration and success and times of trial and challenge. Each has experienced both growth and loss, and, like everyone, adapted to changes in technology, work practices, attitudes, and expectations. Through the last 80 years, Ohio’s electric cooperatives have remained united in their support for and participation in their statewide association.
