OMAHA PUBLIC POWER DISTRICT

Thirteen's the lucky number for Omaha Public Power District (OPPD). A subdivision of the Nebraska state government, OPPD generates and distributes electricity to residents and businesses in 13 counties in southeastern Nebraska. It operates and maintains its facilities without tax revenues and raises money for major construction through bonds. OPPD serves more than 352,000 customers in an area covering 5,000 sq. mi. The utility has a generating capacity of more than 3,208 MW, which is powered by primarily nuclear, coal, oil, and natural gas sources. It sells wholesale power to other utilities and offers energy consulting and management services.

Operations

OPPD is the 12th-largest publicly owned electric system in the US in terms of numbers of customers served. The power district provides retail service to about 50 towns and wholesale to five. OPPD operates more than 15,500 miles of electric line.

Financial Performance

In 2012 the company's revenues grew by 1% primarily due to higher retail energy sales, retail energy prices, and insurance recoveries, partially offset by lower revenues from off-system sales. Retail sales improved thanks to increased energy sales and higher energy prices. Other electric revenues increased as the result of outage insurance recoveries.

OPPD's net income increased by 1% in 2012 thanks to higher net sales and lower operating costs.

Strategy

Like other utilities, OPPD is pushing conservation and green energy initiates to reduce carbon emissions with its customers as a service to help them control costs. It 2011 the utility announced that it was studying how to support both the auto industry and customers regarding the larger numbers of electrical cars being introduced into its service region.

The company is pursuing a goal of getting 30% of its retail energy from renewable sources. In 2013 it announced a wind farm deal (located northeast of O'Neill, Nebraska). The 20-year agreement, the largest wind power purchase to date for OPPD, will increase its renewable energy generation capacity to 817 MW.

Ownership

OPPD is a self-supporting subdivision of Nebraska's state government.

Company Background

OPPD was organized as a political subdivision of the State of Nebraska in 1946, although state power operations date back to 1917.

 

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OMAHA PUBLIC POWER DISTRICT


444 S 16th Street Mall
Omaha, NE 68102-2247
Phone: 1 (402) 636-2000
Fax: 1 (402) 636-3229
www.oppd.com

STATS


  • Employer Type: Government Owned
  • President and CEO: W. Gary Gates
  • Vice Chair: Anne L. McGuire
  • Chairman: Fred J. Ulrich

Major Office Locations

  • Omaha, NE

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