ElectriCities of North Carolina on May 20 announced that the North Carolina Municipal Power Agency Number 1 (NCMPA1) extended its power supply contracts through 2043, preserving reliable, affordable power supply for the 19 public power communities and customers that make up NCMPA1.
Extension of the two contracts -- the Project Power Sales Agreement and the Supplemental Power Sales Agreement -- was subject to approval by all 19 NCMPA1 public power city and town councils.
The extensions mean customers in NCMPA1 communities will continue to benefit from electric power that’s more reliable than other power providers in the state and less expensive than nearby competitors, ElectriCities of North Carolina noted.
“At a time when energy reliability and affordability are daily news headlines, these extensions bring positive news for public power customers,” said Roy Jones, CEO of ElectriCities. “Now more than ever, the 19 public power communities that make up NCMPA1 are well positioned to meet customer and community needs that lie ahead.”
NCMPA1 is made up of 19 public power communities—cities and towns that own and operate their local electric utility—in piedmont and western North Carolina. NCMPA1 provides wholesale power to those communities.
A division of local government, public power utilities are owned by the community and run by boards of local officials who are accountable to the citizens.
With all 19 city and town councils voting to approve the contracts, both agreements are now in alignment with the current license expiration for Catawba Nuclear Station of 2043. Catawba Nuclear Station, the generating asset at the heart of the Project Power Sales Agreement, provides NCMPA1 communities with a power supply that is more than 93% nuclear energy, a carbon emissions-free generation source. As a majority owner of the Catawba Nuclear Station, NCMPA1 has benefitted from the asset since the 1980s.
About NCMPA1
NCMPA1 is made up of 19 participating cities and towns in piedmont and western North Carolina and provides wholesale power to those participants. The 19 NCMPA1 participants are Albemarle, Bostic, Cherryville, Cornelius, Drexel, Gastonia, Granite Falls, High Point, Huntersville, Landis, Lexington, Lincolnton, Maiden, Monroe, Morganton, Newton, Pineville, Shelby, and Statesville.
About ElectriCities of North Carolina
ElectriCities of North Carolina, Inc., is the membership organization that provides power supply and related critical services to over 90 community-owned electric systems in North Carolina, South Carolina, and Virginia—collectively known as public power. ElectriCities manages the power supply for two power agencies in North Carolina and provides technical services to assist members in operating their electric distribution systems. ElectriCities also helps these locally owned and operated public power providers thrive today and in the future by delivering innovative services, including legislative, technical, communications, and economic development expertise.
