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Energy Efficiency Continues to Pay Big1997-1998 In 1998, we set out to capture the essence of what our utility stands for and to incorporate this meaning into our daily activities and the duties we perform. To do this, we had to identify what drives our efforts. It is you. Our customers drive our mission. Simply put, we must keep the public in public power. As the founding fathers of Waverly recognized early on, local control and local ownership would provide a powerful partnership. We have the ability to tailor our operations to best suit our community. Over the past year, our unique, Powerful Partnership has allowed us to take proactive steps to promote efficient energy use through the appliance rebates, the “Good Cents Program”, and the “Energy Star™” transformer replacement program. Through our monthly mailings and promotion of the “Storm Trapper™” surge protection program, we continue to stress the importance of wise, safe and enhanced customer use of energy. We are well along our way with Y2K preparedness. With customer support, our wind turbines, soy-based transformer oil development and other nationally-awarded efforts are pioneering even greater environmentally friendly means of providing energy. We’re also continually striving to strengthen our partnerships through association with neighboring communities, like Denver, Iowa, for the overall betterment of reliable, cost-efficient energy. And, in our role as a supportive corporate citizen, we’ve helped spearhead, in coalition with the City of Waverly, Waverly Chamber-Main Street and the Waverly Economic Development Company, a Waverly website presence which will serve as both an information resource and community development tool. 1998 Expenses
| Purchased Power | 22.73% | | Capital | 18.71% | | Distribution | 15.15% | | Louisa | 12.42% | | City Transfer | 9.00% | | Waverly Generation | 8.13% | | G&A | 8.13% | | Customer Accounts | 2.71% | | Conservation | 1.76% | | Transmission | 1.26% |
1998 Revenues
| Industrial | 44.78% | | Residential | 29.90% | | Commercial | 14.22% | | Municipal | 4.86% | | Interest | 2.31% | | Capacity & Energy | 1.57% | | Good Cents | 1.08% | | Electric Heat | 0.83% | | Security Lights | 0.40% | | Time of Day | 0.06% |
1998 Energy | Industrial | 55.74% | | Residential | 24.35% | | Commercial | 12.90% | | Municipal | 4.77% | | Good Cents | 1.08% | | Electric Heat | 0.86% | | Security Lights | 0.25% | | Time of Day | 0.05% |
At Waverly Light and Power, we not only strive for excellence with our customers, but for the earth as well. As a member of the EPA-affiliated Energy Star Program, our new highly efficient Energy Star Transformers reap benefits for both our community and our planet.
In the United States, over 2% of the total annual electricity produced is lost because of transformer inefficiencies. These losses result in eight days per year that are needed just to produce lost power. By replacing these transformers with Energy Star Transformers, we can lessen costs for our customers and reduce harmful emissions produced by existing transformers. Energy Conservation Programs
This year, Waverly Light and Power encouraged our customers to take energy-conservative steps by offering several major rebate programs.
Those who traded in refrigerators, freezers or air conditioners exceeding federal energy standards by 10% to 15% cashed in on rebates of $50 to $100 off the purchase of new appliances.
Also in 1998, customers interested in making their homes more energy efficient by installing new insulation, heat pump systems, central heating, or air conditioning systems were offered incentives from Waverly Light and Power. Our Powerful Partnership of energy conservation seems to be working. The 1998 peak 60-minute demand was 24,042 kilowatts on July 13, 1998, at 3:00 p.m. Our historical peak was 25,896 kilowatts during 1995. The new demand was lower despite an 11.8% growth in energy sales during that same period.
Our customers have encouraged us to become an environmentally friendly company. According to Renew America, a national association representing many groups and companies such as 3M, National Geographic Society, The Nature Conservancy, Smithsonian Institution, and Ford Motor Company, we have succeeded.
On Earth Day, 1998, Renew America honored Waverly Light and Power with the National Award for Environmental Sustainability in the category of Renewable Energy at the Smithsonian Institution’s National Museum of American History in Washington, D.C. New Ideas
In May, Waverly Light and Power, in partnership with University of Northern Iowa’s Ag-based Industrial Lubricants Program, filed an application with the United States Patent Office to patent a biodegradable soy-based transformer oil. If the patent is approved, it will mark a giant step for the City of Waverly, soybean farmers, and utility companies across the nation.
Mineral oil, which is the standard oil used by most transformers, is a toxic substance that comes from the world’s limited supply of petroleum. This new soy-based transformer oil is an environmentally friendly, biodegradable product that originates from a renewable source. If the product is approved for use, it has great potential for use not only in our area, but in coastal areas as well, where transformers lie close to water sources. It can also add value to soybean products and become a safer alternative to current oils, which harm the environment when spilled or leaked.
Storm Trapper®
At Waverly Light and Power, we know it takes only one bolt of lightning to destroy valuable electronic equipment. Unfortunately, most homeowners’ insurance doesn’t cover costs incurred from power surge damage. Even if it does, damage is difficult to prove since it may appear long after the initial surge. To safeguard the property and wallets of our customers, Waverly Light and Power offers a unique power surge protection product called Storm Trapper®.
www.waverlyia.com
In 1998, Waverly Light and Power partnered with the City of Waverly, Waverly Chamber-Main Street, and WEDCO Economic Development to put the Waverly community on the World Wide Web.
With additional funding from U S WEST Communications and Prairie Meadows, a website was created to bring Waverly residents and other Internet surfers information and education about Waverly and other topics of interest.
Energy Production
Waverly Light and Power provides electricity for over 4,100 customers. During the past year, we distributed over ten million kilowatt hours of electricity. By using a variety of production resources, we were able to efficiently and effectively fulfill your energy needs. 49% of the energy we provided came from our ownership in the Louisa Generation Station, located near Muscatine, Iowa. Contractual economy purchases through MidAmerican Energy accounted for another 48% of our energy delivery, while the remaining 3% was generated from wind, hydro and diesel generators. Generator type and capacity | Year Installed | Where | Fuel Type | Kilowatt Capacity | | 1983 | Louisa | coal | 7,700 | | 1938 | Waverly | diesel | 720 | | 1938 | Waverly | diesel | 720 | | 1942 | Waverly | diesel | 1,160 | | 1948 | Waverly | dual fuel | 1,245 | | 1952 | Waverly | dual fuel | 1,350 | | 1957 | Waverly | dual fuel | 3,500 | | 1967 | Waverly | dual fuel | 3,750 | | 1967 | Waverly | dual fuel | 3,750 | | 1993 | Waverly | diesel | 7,000 | | 1921 | Waverly | hydro | 120 | | 1923 | Waverly | hydro | 200 | | 1925 | Waverly | hydro | 175 | | 1993 | Waverly | wind | 80 | | TOTAL | | | 31,470 |
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