CARMEL,
Ind., May 3, 2024 /PRNewswire/ -- ACES announced
today that 1803 Electric Cooperative Inc. (1803), located in
Baton Rouge, Louisiana, became its
newest Member effective May 1, 2024.
As a Member of ACES, 1803 owns an equity share in the company and
holds two seats on the ACES Board of Directors, allowing them to
have input into the operations and strategic direction of the
company, among other benefits.
"ACES has been involved from the beginning in the development of
1803," stated Brian Hobbs, CEO of
1803. "ACES has provided invaluable support in accessing the power
supply marketplace and providing analysis and modeling to support
1803 decision making. As 1803 continues in its maturation as a
generation and transmission cooperative, the continued relationship
with ACES, now strengthened through Membership, will help ensure
the success of 1803 for our Member Cooperatives and their
respective end-use member consumers."
Mike Steffes, President and CEO
of ACES, commented, "ACES and 1803 have developed a strong
relationship over the past several years since 1803 became a
Customer. ACES supported 1803 through the process of becoming a
G&T, including providing expert witness testimony related to
their future power supply portfolio. We are excited that 1803
recognizes the benefits of becoming a Member and we look forward to
continuing to support them in their commitment to provide safe,
reliable, and affordable electricity to their five member
cooperatives. ACES and its Board of Directors are pleased to
welcome 1803."
About ACES
ACES is owned by 24 generation and
transmission cooperatives and one independent distribution
cooperative. ACES assists its Members and Customers manage their
energy risk. The Members and Customers ACES serves operate in all
major electricity markets in the United
States and have a collective portfolio of more than 55,000
MW of load and resources. Because ACES does not buy or sell energy
on its own behalf, it avoids conflicts of interest and ensures
alignment with the best interests of the organizations it
serves.
About 1803 Electric Cooperative Inc.
1803 was created
to supply and deliver electric power to five Louisiana electric cooperatives, including
Beauregard Electric Cooperative, Claiborne Electric Cooperative,
Northeast Electric Power Cooperative, South Louisiana Electric
Cooperative Association, and Washington-St. Tammany Electric
Cooperative. 1803's members strive to provide safe, reliable,
affordable electricity to their approximately 120,000
customers.
Media Contact:
Leah Smith
ACES
lsmith@acespower.com
317-344-7050
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SOURCE ACES