Indianapolis, Ind. – The National Renewables Cooperative organization (NRCO) — a new organization formed last April by power supply cooperatives across the U.S. — signed a service agreement to establish ACES Power Marketing (APM) as its energy management Company (EMC).
This was one of several actions taken by NRCO’s directors Nov. 14 at its annual meeting held in Indianapolis. In other actions, NRCO established a Web site at www.renewable.coop, selected a chief executive officer; formally established the governance of directors and re-elected officers.
Under the EMC service agreement, the NRCO Board selected Amadou Fall, APM’s current Vice President of Transmission, as its General Manager and CEO. Fall has more than 18 years of experience in the energy business and holds degrees in Electrical Engineering and Engineering Management from New York Institute of Technology and Drexel University, respectively.
“Because of the possibility of a national renewables portfolio standard (RPS) or carbon restriction legislation, it is vital for cooperatives across the country to band together and expand the amount of renewable energy in their portfolios,” said Gary Smith, PowerSouth President and CEO. “NRCO’s member-owners believe ACES Power Marketing and Amadou Fall will be great leaders in this effort.”
Officers elected for the NRCO Board of Directors include:
“I consider it a privilege that I was chosen to lead NRCO, because I know the NRCO Board looked at several highly qualified candidates,” said Fall. “I think that NRCO can provide a number of benefits to its cooperative owners, most importantly allowing them to incorporate cost-effective and economically viable renewable resources into their power supply mix. Also, because wind is a home-grown resource, I see NRCO as contributing to this country’s goal of energy security and energy independence.”
Smith said NRCO is true to the cooperative principle of banding together to achieve a common goal that will benefit all members.
NRCO has three main purposes: 1) to facilitate the cost-effective, joint development of renewable resources nationwide for its cooperative owners; 2) to help its owners meet the requirements of RPS and Renewable Energy Standards (RES), whether those standards are mandatory or voluntary; and 3) to facilitate the renewable initiatives of the National Rural Electric Cooperative Association (NRECA).
“APM is honored to have been selected by the NRCO Board because we understand the importance of the NRCO to its owners and to the entire cooperative program,” said David J. Tudor, APM President and CEO. “We realize that we have a lot of hard work ahead of us, and we are eager to roll up our sleeves to get NRCO established as a national renewables developer.”
With the selection of APM and Fall, NRCO will now be headquartered in Carmel, Ind.
To qualify for NRCO membership, entities must be generation and transmission cooperatives, unaffiliated distribution cooperatives, or partial-requirements cooperatives that have the legal right to participate in wholesale electric markets. Members located in areas that may not have renewable resources can acquire renewable energy credits through renewable projects developed by NRCO – all of which will be new. For example, Harper said a third-party vendor can come to NRCO with an alternative energy project. The NRCO Board will review it and, if approved on its merits, open it up to participation by co-op members.
“It’s also a great way to extend co-op participation into new alternative energy markets,” Harper said.
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PowerSouth serves the wholesale energy needs of 16 electric cooperatives and four municipal electric systems in Alabama and northwest Florida, with more than a million consumers in 39 Alabama and 10 Florida counties. PowerSouth is dedicated to providing reliable energy at the lowest possible cost to its members.
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Mark Ingram, Corporate Communication Manager
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