New Relationship with Guzman Energy to Power YVEA Forward
YVEA has signed a 15-year agreement with Guzman Energy to provide wholesale power to the cooperative. This agreement is expected to save YVEA members tens of millions of dollars over the 15-year term. To honor existing contracts, the transition from current wholesale provider Xcel Energy will take approximately five years.
Why We Are Doing This
Our decision to transition to Guzman Energy to provide wholesale power was guided by the ‘Four Rs’ – Rates, Reliability, Renewables and Relationships. We have listened to our members, and this agreement powers us forward to deliver reliable and affordable electricity that incorporates more renewable sources and helps us stabilize rates.
What Won’t Change
While Guzman Energy will be the wholesale provider of electricity, YVEA will continue to partner with Xcel Energy to deliver this power to YVEA members through the Xcel transmission system. That means YVEA’s service will remain just as reliable as it is today. Transitioning from Xcel Energy to Guzman Energy will be a straightforward and hassle-free process. You won’t notice any difference except the rate stabilization on your monthly bill, and financial stability for YVEA.