L&P Session July 21 Reevaluating Strategic Plan
7/16/2010

For Immediate Release                                                           

 

Contact:  Ed Rice, Executive Director, Traverse City Light & Power

    Phone: (231) 932-4559 or E-mail: erice@tclp.org         

Contact:  Phil Callighan, Sr. Account Executive, Knorr Marketing

    Phone: (231) 947-9707, ext. 207; Mobile: (231) 342-7590

                or E-mail: philc@knorrmarketing.com

 

L&P Session July 21 Reevaluating Strategic Plan

   

(Traverse City, Michigan) —Traverse City Light & Power’s (L&P) strategic plan has included the goal of achieving 30% of its electric power requirements from local renewable energy resources by 2020 for the last two years. This Wednesday (July 21, 2010) the L&P board will meet to discuss the future of its current strategic plan and the 30BY20 goalThe meeting will start at 5:30 p.m. at L&P’s Service Center on Hastings Street. The public is invited to attend.

 

            At the June 22, 2010 meeting, the L&P board discussed concerns raised by some citizens regarding local biomass generation and decided to make the investigation of natural gas electrical power generation a priority. “L&P had held three public forums earlier this year and heard apprehension about biomass generation from many of the attendees” said Mike Coco, chairman of L&P board.

 

            L&P will be losing 50% of its baseload electrical power at the end of this year due to an expiring contract with the Michigan Public Power Agency. A new, short-term power supply contract is expected to replace the generation which is being lost, but the new contract will be from old downstate coal-based generation plants and will only be available for a few years. “We will reevaluate our options for a long term replacement of the 50% of our baseload power generation.” said Ed Rice, Executive Director of L&P. “The electrical generation plants in the State of Michigan are the second oldest in the country, so there are not many options in our state to purchase power. We can go out of state, but that doesn’t help our local economy. The L&P board and community will need to make some difficult decisions regarding our electric generation; whether it’s local or from out-of- state and whether it’s from renewable sources or fossil fuels.”

 

More information on L&P’s complete strategic plan can be found at www.tclp.org.

 

Traverse City Light & Power (www.tclp.org) is a community-owned, community-focused municipal utility that offers energy at low rates in the region to over 11,000 customers in Traverse City, and parts of Blair, East Bay, Elmwood, Garfield, Peninsula andParadise townships.

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