ABOUT UAMPS

Utah Associated Municipal Power Systems (UAMPS) is a political subdivision of the State of Utah that provides comprehensive wholesale electric-energy, transmission, and other energy services, on a nonprofit basis, to community-owned power systems throughout the Intermountain West. UAMPS members are located Utah, California, Idaho, Nevada, New Mexico and Wyoming.

BOARD OF DIRECTORS

MEMBERS

STAFF

AUDITED FINANCIALS

ANNUAL REPORT

IRMA REPORT

November 2016
November 2016
November 2016
November 2016
September 2016
September 2016
September 2016
August 2016
February 2016
February 2016
April 2015
March 2015
July 2014
January 2014
March 2013
April 2012
March 2012
February 2012
January 2012
November 2011
May 2011
March 2011
November 2010
April 2010
July 2009
April 2009
March 2009
January 2009
December 2008
November 2008
November 2008
November 2008
November 2008
November 2008
November 2008
June 2008
March 2008
March 2008
March 2008
November 2007
July 2007
February 2007
May 2006
October 2005
March 2005
March 2005
February 2005
August 2004
June 2004
May 2004
December 2003
June 2003
March 2003
April 2002
December 2001
February 2001
January 2001
October 2000
August 2000
July 2000
April 2000
January 2000
December 1999
December 1999
August 1999
August 1999
June 1999
April 1999
January 1999
October 1998
June 1998
March 1998
December 1997
September 1997
June 1997
March 1997
February 1997
August 1996
June 1996
October 1995
May 1995
February 1995
January 1995
September 1994
July 1994
February 2016
October 1993
June 1993
February 1993
December 1992
December 1992
October 1992
August 1992
June 1992
April 1992
January 1992
March 1991
June 1990
February 1990
December 1989
October 1989
September 1989
May 1989
August 1988
May 1988
March 1988
January 1988
November 1987
November 1987
October 1987
February 1986
December 1985
November 1985
June 1985
April 1985
March 1985
January 1985
January 1985
June 1983
November 1982
September 1982
July 1981
January 1981
September 1980

REVENUE BONDS ISSUANCE

Authorized the issuance of revenue bonds to purchase the undivided ownership interest of the San Juan Power Project in the amount of $34,495,000 with the rating of MBIA.

ISSUANCE OF REVENUE BONDS

Authorized the issuance of revenue bonds for the Payson Power Project in the amount of $2,025,000 with a rating of nr/nr/nr.

REFUNDING BONDS AUTHORIZATION

Authorized Revenue Refunding Bonds for Hurricane City, Utah in the amount of $2,009,000 with a rating of nr/nr/nr.

AUTHORIZED REVENUE REFUNDING

Authorized Revenue Refunding Generating Bonds for the cities of Santa Clara, Utah and Washington City, Utah in the amount of $1,968,000 with a rating of nr/nr/nr.

Ticaboo Utility Improvement District, UT Joins UAMPS

Salmon River Electric Cooperative, INC., ID Joins UAMPS

Authorized Revenue refunding

Authorized Revenue Funding on the Central-St. George Transmission Project in the amount of $28,880,000 with a rating of nr/nr/nr.

Helper City, UT Joins UAMPS

Veyo waste heat recovery system

The Veyo Waste Heat Recovery System commenced commercial operation in June 2016.

Fredonia, AZ

Town of Fredonia, AZ left the UAMPS Organization

County of Los Alamos, NM Joins UAMPS

Eagle Mountain city, UT

Eagle Mountain City sold their system to Rocky Mountain Power making them unable to participate in the UAMPS organization.

Revenue Bonds authorization

Authorized the issuance of revenue bonds for the Veyo Heat Recovery Project in teh amount of $21,390,000 with a rating of A/nr/A-.

Credit authorization

Authorized a line of credit in the amount of $35,000,000 with a rating of nr/nr/nr.

Refunding bonds authorization

Authorized Revenue Refunding Bonds for Washington City in the amount of $996,000 with a rating of nr/nr/nr.

issuance of revenue bonds

Authorized the issuance of revenue bonds (B) (variable) for the Horse Butte Wind Project in the amount of $23,970,000.

issuance of revenue bonds

Authorized issuance of revenue bonds (A) for the Horse Butte Wind Project in the amount of $67,860,000 with a rating of A-/nr/A-.

wind project

The Horse Butte Wind Project commenced commercial operation in August 2012.

Authorized revenue funding

Authorized Revenue Refunding on the Payson Power Project in the amount of $74,885,000 with a rating of A-/nr/A.

Authorized revenue refunding

Authorized Revenue Refunding on the Central-St. George Transmission Project in the amount of $23,995,000 with a rating of nr/Aaa/AAA (AMBAC).

Authorized revenue refunding

Authorized Revenue Refunding for the San Juan Project in the amount of $22,165,000 with a rating of nr/A3/A-.

Termination of the intermountain power project unit 3

With the termination of the Intermountain Power Project Unit 3, the following members left the UAMPS Organization Boulder City, NV, City of Burley, ID, Overton Power District #5, NV, Raft River Rural Electric Cooperative, Inc. ID, United Electric Cooperative, Inc., ID, Valley Electric Association, Inc., NV

LINCOLN COUNTY POWER DISTRICT #1, NV

Lincoln County Power District #1, NV left the UAMPS organization.

UAMPS began an investigation into developing a waste heat project.

HILDALE CITY, UT

Hildale City, UT sold their system to Rocky Mountain Power making them unable to participate in the UAMPS organization.

wind project

UAMPS undertook the development, acquisition and construction of the Horse Butte Wind project located outside of Idaho Falls, Idaho.

NORTHERN WASCO COUNTY PEOPLE’S UTILITY DISTRICT, OR JOINS 2009

REVENUE AND REFUNDING AUTHORIZATION

uthorized Revenue and Refunding on the Central-St. George Transmission Project in the amount of $24,835,000 with a rating of nr/A1/A+.

LASSEN MUNICIPAL UTILITY DISTRICT, CA JOINS UAMPS

UNITED ELECTRIC COOPERATIVE, INC., ID JOINS UAMPS

PRICE CITY, UT JOINS UAMPS

PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE, CA JOINS UAMPS

LOWER VALLEY ENERGY, WY JOINS UAMPS

LINCOLN COUNTY POWER DISTRICT #1 JOINS UAMPS

NATURAL GAS PROJECT

UAMPS established the Natural Gas project was formed to acquire economical supplies of natural gas as fuel for electric generation.

ISSUANCE OF REVENUE BONDS

Authorized the issuance of revenue bonds for the San Juan Power Project in the amount of $2,345,000 with the rating of nr/Aaa/AAA;nr/A2/A- (AGC)

RAFT RIVER RURAL ELECTRIC COOPERATIVE, INC., ID JOINS UAMPS

CITY OF BURLEY, ID JOINS UAMPS

REVENUE GENERATING BONDS AUTHORIZATION

Authorized Revenue Generating Bonds for Washington City, Utah in the amount of $2,698,000 with a rating of nr/nr/nr.

page, az

Page, AZ sold their system to Rocky Mountain Power making them unable to participate in the UAMPS organization.

SPECIAL OBLIGATION BOND AUTHORIZATION

Authorized Revenue Special Obligation Bond for the City of Page, Arizona in the amount of $2,751,000 with the rating of nr/nr/nr.

REVENUE GENERATING BONDS AUTHORIZATION

Authorized Revenue Generating Bonds for the cities of Washington City, Utah and Hurricane City, Utah in the amount of $3,725,000 with a rating of nr/nr/nr.

BOND ANTICIPATION AUTHORIZATION

Authorized Bond Anticipation for the Central-St. George Transmission Project in the amount of $1,250,000 with a rating of nr/nr/nr.

OVERTON POWER DISTRICT #5, NV JOINS UAMPS

IPP UNIT 3 PROJECT

The IPP Unit 3 Project was created to investigate acquisition of a third unit at the Intermountain Power generation station.

SOUTHERN NEVADA WATER AUTHORITY, NV

Southern Nevada Water Authority, NV left the UAMPS organization.

VALLEY ELECTRIC ASSOCIATION, INC., NV JOINS UAMPS

CITY OF KANAB, UT

City of Kanab, UT sold their system to Rocky Mountain Power making them unable to participate in the UAMPS organization.

NEBO POWER STATION

The Nebo Power station began operating in June. It represents the first power plant wholly owned by the UAMPS Organization.

REVENUE REFUNDING AUTHORIZATION

Authorized Revenue Refunding on the Hunter Power Project in the amount of $17,425,000 with a rating of nr/Aaa/nr;nr/A2/nr (AMBAC).

BOULDER CITY, NV JOINS UAMPS

REVENUE REFUNDING AUTHORIZATION

Authorized Revenue Refunding for the Central-St. George Transmission Project in the amount of $19,945,000 with a rating of nr/AAAunderA1/nr (AMBAC).

REVENUE BONDS ISSUANCE

Authorized the issuance of revenue bonds for the Payson Power Project in the amount of $100,850,000 with a rating of nr/Aaa/AAA;nr/A3/nr(FSA).

THE PAYSON PROJECT

The Payson project was formed to construct and operate a 140 MW combined cycle gas-fired generating unit.

SOUTHERN NEVADA WATER AUTHORITY, NV JOINS UAMPS

LINE OF CREDIT AUTHORIZATION

Authorized a line of credit for the Pooling Project in the amount of $10,000,000 with a rating of nr/nr/nr.

HILDALE CITY, UT JOINS UAMPS

REED GARNER PLANT

UAMPS investigated the purchase of the Reed Garner plant located in Nevada from Sierra Pacific.

TRUCKEE DONNER PUBLIC UTILITY DISTRICT, CA JOINS UAMPS

IDAHO ENERGY AUTHORITY, ID JOINS UAMPS

RESOURCE PROJECT

UAMPS establish the Resource Project to conduct analyses and studies of new power and transmission projects.

REVENUE BONDS

Authorized the issuance of revenue bonds for the Central-St. George Transmission Project in the amount of $7,025,000 with a rating of nr/AAA/nr (AMBAC).

 

CITY OF FALLON, NV JOINS UAMPS

IDAHO POWER PROJECT

Incorporated the Idaho Power Project into a Firm Power Supply Project.

CITY OF GALLUP, NM JOINS UAMPS

EAGLE MOUNTAIN CITY, UT JOINS UAMPS

JOINT ACTION AGREEMENT

Revised the joint action agreement to expand membership opportunities to improve our competitive position.

POWER BILLING CHANGE

Changed the power billing from actual expenses to rates.

CENTRAL UTAH WATER CONSERVANCY DISTRICT, UT JOINS UAMPS

POWER EXCHANGE

UAMPS established the Power Exchange as an avenue for members to purchase power on an hourly basis.

REVENUE REFUNDING AUTHORIZATION

Authorized Revenue Refunding on the San Juan Power Project in the amount of $3,500,000 with a rating of nr/Aaa/AAA (AMBAC).

REVENUE REFUNDING AUTHORIZATION

Authorized Revenue Refunding on the Hunter Power Project in the amount of $6,455,000 with a rating of nr/Aaa/AAA (AMBAC).

REVENUE BONDS ISSUANCE

Authorized the issuance of revenue bonds for the Central-St. George Transmission Project in the amount of $4,155,000 with a rating of nr/nr/AAA (AMBAC).

REVENUE BONDS ISSUANCE

Authorized the issuance of revenue bonds for a loan project for the Central-St. George Transmission Project in the amount of $3,300,000.

CUSTOMER CHOICE TASK FORCE

Utah’s Legislature created the Deregulation and Customer Choice Task Force to study the issues surrounding consumer choice

DWORSHAK DAM

UAMPS began investigation on the development of a fourth generating unit at the Dworshak Dam site located in Idaho.

SCHEDULING AGENT AUTHORITY

UAMPS began acting as a scheduling agent for those members with call-back capacity and energy from the Intermountain Power Project.

IDAHO FALLS POWER, ID JOINS UAMPS

LOAN PROJECT

Established the loan project to provide a mechanism for monies to be obtained for project improvements and operation enhancements.

LEASE PURCHASE BOND

Authorized a Lease Purchase Bond to purchase a mobile generator in the amount of $498,286.

MOBILE GENERATOR PURCHASE

Project members entered into agreements to purchase the mobile generator.

PROJECT CREATION

Created projects for Member Services, Government & Public Affairs and the Colorado River Storage Project.

ADMINISTRATIVE FUNCTIONS RESPONSIBILITY

Administrative functions of Intermountain Consumer Power Association assigned to UAMPS.

POOL PRICING CHANGE

Pool pricing changed market rates for unplanned pool purchases.

WEBER BASIN WATER CONSERVANCY DISTRICT, UT JOINS UAMPS

REVENUE REFUNDING AUTHORIZATION

Authorized Revenue Refunding on the Hunter Power Project in the amount of $26,660,000.

POWER SUPPLY AGREEMENT

Project members entered into the San Juan power supply agreement.

REVENUE REFUNDING AUTHORIZATION

Authorized Revenue Refunding for the Craig-Mona Transmission Project in the amount of $8,315,000.

 

REVENUE AND REFUNDING AUTHORIZATION

Authorized Revenue and Refunding on the Central-St. George Transmission Project in the amount of $23,995,000 with a rating of nr/Aaa/AAA (AMBAC).

PAGE ELECTRIC UTILITY, AZ

TOWN OF FREDONIA, AZ JOINS UAMPS

ORGANIZATIONAL AGREEMENTS

Changed organizational agreements to allow for out-of-state membership in the UAMPS organization.

HOURLY BILLING METHOD

UAMPS Board approved hourly billing method that matched the members’ resource use and costs with project participation.

ENERGY POLICY ACT

Energy Policy Act passed.

AUTHORIZED REVENUE REFUNDING

Authorized Revenue Refunding on the Hunter Power Project in the amount of $32,011,128.

CITY OF KANAB, UT JOINS UAMPS

POWER SCHEDULING OPERATION

UAMPS officially established its own power scheduling operation.

JOINT AND COOPERATIVE ACTION

Agreements for joint and cooperative action amended to establish separate project boards to enhance the direction and operation of each individual project.

ISSUANCE OF REVENUE BONDS

Authorized the issuance of revenue bonds for the Craig-Mona Transmission Project in the amount of $10,800,000 with a rating of nr/nr/A-.

TOWN OF PARAGONAH, UT JOINS UAMPS

TRANSMISSION NETWORK ACCESS

UAMPS gained transmission network access through the merger of Pacific Light & Power and Utah Power & Light.

REVENUE BONDS ISSUANCE

Authorized the issuance of revenue bonds for the Central-St. George Transmission Project in the amount of $16,800,000 with a rating of nr/Aaa/AAA (AMBAC).

TRANSMISSION PROJECTS

Project members entered into agreements for the Central-St. George and Craig-Mona Transmission Projects.

SOUTH UTAH VALLEY ELECTRIC SERVICE DISTRICT, UT JOINS UAMPS

ENTERED INTO CONTRACT

Entered into a power supply contract with Idaho Power Company.

CITY OF SANTA CLARA, UT JOINS UAMPS

BLANDING CITY, UT JOINS UAMPS

INTEGRATION OF MEMBER-OWNERSHIP

Initiated the integration of member-owned generation into the Pool for the benefit of the UAMPS members.

BRIGHAM CITY, UT JOINS UAMPS

WASHINGTON CITY, UT JOINS UAMPS

AUTHORIZED REVENUE REFUNDING

Authorized Revenue Refunding on the Hunter Power Project in the amount of $41,515,000 with a rating of nr/nr/AAA (AMBAC).

PAYSON CITY, UT JOINS UAMPS

AUTHORIZED REVENUE REFUNDING

Authorized Revenue Refunding on the Hunter Power Project in the amount of $77,028,268 with a rating of nr/nr/AAA (AMBAC).

ENTERED INTO CONTRACT

Entered into a 30 MW contract with Deseret Generation & Transmission Co-operative.

CITY OF BOUNTIFUL JOINS UAMPS

ORGANIZATIONAL AMENDMENT

Changes made in the organization agreements allowed four more Utah entities to join the UAMPS organization.

CITY OF ST. GEORGE, UT JOINS UAMPS

SPRINGVILLE CITY, UT JOINS UAMPS

AUTHORIZED REVENUE REFUNDING

ADOPTIVE MEASURES

Adopted pooling principles to create a mechanism for the sale and purchase of capacity and energy between the members.

HUNTER PURCHASE

Authorized the issuance of revenue bonds to purchase the undivided ownership interest of Hunter from Deseret Generation & Transmission Co-operative in the amount of $66,000,000.

CONTRACT FOR HUNTER PROJECT

Twenty-one members enter into Power Sales Contract for the Hunter Project.

ORIGINAL UAMPS MEMBERS

21 Original UAMPS Members entered into Power Sales Contract to Form UAMPS they were:

Beaver City, UT, City of Enterprise, UT, Ephraim City, UT, Fairview City, UT, Fillmore City, UT, Heber Light & Power, UT, Holden Town, UT, Hurricane City, UT, Hyrum City, UT, Kanosh City, UT, Kaysville City, UT, Lehi City, UT, City of Logan, UT, Meadow Town, UT, Monroe City, UT, Morgan City, UT, Mt. Pleasant City, UT, Murray City, UT, Town of Oak City, UT, Parowan City, UT, Spring City, UT

UAMPS IS ORGANIZED

UAMPS, a political subdivision of the State of Utah, is organized under the Interlocal Cooperative Act to plan, finance and operate electric power project.

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Carbon Free Power Project

The electrical utility industry is in the midst of transformation due to the proliferation of new technologies, changing lifestyles, and new regulations targeting fossil fuels. UAMPS’ Carbon Free Power Project (CFPP) encompasses three interconnected parts designed to help members cope with these changes and ensure that UAMPS’ future energy supply is safe, clean, secure, stable and adequate for an energy-hungry, growing population.

The CFPP encourages and provides tools for Energy Efficiency, embraces Distributed Generation (like rooftop solar) with wise rate structures, and is investigating Small Modular Nuclear Reactor technology to provide future baseload supply.

UAMPS MEMBERSHIP AND PROJECTS

UAMPS serves 46 members, mostly municipalities, in six states, including Utah, California, Idaho, Nevada, New Mexico, and Wyoming. UAMPS provides comprehensive energy services to its members, including planning, financing, developing, acquiring, constructing, operating and maintaining varied projects and transmission for the benefit of members.

UAMPS currently operates 16 separate projects that provide power supply, transmission, and other services to the members who participate in them. Members choose which projects they participate in, based on their unique needs.

SMART ENERGY INITIATIVE

UAMPS’ SmartEnergy Initiative helps members and their customers find “smart” ways to save energy, save money, and help the environment. The Initiative also helps members cope with changes in technology and the regulatory climate by constantly assessing and forecasting future energy needs of member utilities, and by carefully analyzing all possible energy sources and ways to reduce demand.