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.
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.
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.
As it does every year, the flip of the calendar brings both opportunities and challenges, and while our challenges for the coming year are significant, the prospects for 2022 seem exciting. The importance of Ohio’s electric cooperatives getting it right — meeting our challenges and seizing those opportunities — is as important as it’s ever been.
This past year was one of transition. COVID-19 began to have less effect on our lives through the year as vaccines became available, and many businesses returned to more normal operations. The federal government underwent a shift in power between the parties and adjusted its focus to different priorities. The recovery in economic activity was hampered by shortages of materials and labor as businesses tried to recover production capacity and supply chains struggled to supply needed goods.
There is a lot of discussion taking place on what to do about carbon emissions. In fact, Congress is actively considering proposals that would require dramatic reductions from the electric power sector over the next 10 years.
Since 2005, carbon emissions from U.S. electricity production have been reduced by more than 30%, while other sources of emissions in the U.S. have remained relatively unchanged — and global emissions have continued to increase. That dramatic reduction has been the result of increased use of high-efficiency natural gas power plants and increasing contributions from renewable sources like wind and solar. Electricity production will continue to get cleaner and greener over the next several years.
