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Positioning you for the future

I’ve talked a lot about
Tipmont’s mission
of empowering the
communities we
serve. To empower
is a recognition that
you, our customers,
are the engine of success. Our role is
to simply provide the necessary raw
materials like electric energy and very
soon, broadband. When you have
better tools at your disposal, more
options with your local power supply,
or integrated energy management
systems in your home, you will have
the capabilities to be more efficient and
productive. We believe you shouldn’t be
limited in how you utilize those tools.

To fulfill this commitment to you,
Tipmont must evaluate the terms of our
power supply contract and carefully
review any amendments proposed.
Over the last year, Tipmont’s board and
management have been discussing the
terms of our wholesale power supply
contract with our power supplier,
Wabash Valley Power. Today, there
are several provisions within Wabash
Valley’s proposed contract that we
don’t believe are in the best interest of
Tipmont and our customers.

In our current contract, customers are
limited in how much energy they can
generate and at what rate they can sell
excess generation back to the utility,
a process known as net metering.
Tipmont is also limited in how much
renewable energy we can purchase
as part of our energy portfolio. We
don’t believe this positions us well for
the future as the energy distribution
business model evolves.

As a result, we began exploring
wholesale power market alternatives.
We found that purchasing power from
one of many reliable alternatives is the
best way to provide the flexibility you
deserve, while positioning Tipmont to
meet your future energy needs and to
manage wholesale power supply costs.
Therefore, we are evaluating where we
purchase our power to give you the
flexibility we believe is needed for the
future.

There are many emerging technologies
on the horizon that will offer a range
of solutions to manage your energy
consumption without forfeiting
comfort. Renewable energy and battery
storage are the first examples that
come to mind. As these technologies
materialize, you need the flexibility to
adopt them as best fits your needs.
We recognize that change is often a
necessity when it comes to adapting
to our customers’ energy needs.
Our business model must have the
flexibility to adapt to changes in the
market, while continuing to add value
for you.

We are committed to delivering a
reliable, affordable and sustainable
power supply. Taking control of our
power supply future is simply another
step on our journey together as we lay
the foundation today for our customers’
needs tomorrow. We’ll share more
information with you as we move along
in the process. I encourage you to
write me at ceo@tipmont.org with your
questions and opinions.

Ron Holcomb

Ron Holcomb

Ron is a 30-year veteran of the electric utility industry with extensive experience in power supply, advanced grid technologies, essential service operations, economic development and value-driven growth initiatives for combined electric and telecommunication utilities. During his career, he has led three utilities as President/CEO and provided management consulting to utilities across the country. Ron joined Tipmont as CEO in summer 2013. He holds a B.S. in Physics from Austin Peay State University and an MBA from Murray State University.

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April 2, 2024
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