Attorney At Law
No Restrictions on Annexation
Xcel Energy
Xcel Energy
Southeastern
Electric Cooperative
Southeastern Electric
2019 SD Legislative Interim Study Committee Cooperative 15
Community Partner
RDLG Grant
Program
Rural Development Loan & Rural Electric Economic
Development (REED) Fund Operation Round Up
Grant Program
1
Codington-Clark
Electric
City of
Watertown
2
Density Comparisons
Britton
Electric Cooperatives:
Milbank
13,827
• Codington-Clark: 3,330 meters
meters
Clark • H-D Electric: 3,632 meters
Clear Lake • Lake Region: 3,470 meters 6,230
• Whetstone: 3,395 meters total sq.
Bryant
miles
3
Blue Area: Watertown city
limits
4
Blue Area: Watertown city
limits
Annexed
road
7
Borns and Kak
Additions
8
Borns and Kak Removed Codington-
Additions Clark power line
10
Lake City
Dairy Addition
11
Territory boundary
between Northern Electric
and Codington-Clark
Electric
Clark
Territory boundary
between Northwestern
and Codington-Clark
Electric
12
Long Term Planning
• Codington-Clark borrows about $2 million each
year for infrastructure.
• Most of our loans are amortized over 30+ years to
spread out costs and keep rates low.
• We also borrow in the form of retained capital
credits.
13
Community Partners
• $948,000 in loans to several businesses
14
Community Partners
• $300,000, 0% interest
loan to Watertown
Development Company
15
We have provided $1.68 million to
promote Watertown.
16
The current law allows the
government to shift costs to the
member-owners of electric
cooperatives.
17
Dave Eide
Codington-Clark Electric Cooperative General Manger
18
Chris Larson
Clay-Union Electric CEO/General Manager
2
GOED Top Projects
2018 2017 2016
• Agropur – Lake Norden • Hendrix Genetics – Beresford • Royal Canin – North Sioux City
• Terex – Watertown • Vantage Point Solutions – Mitchell • GCC Dacotah – Rapid City
• Graco – Sioux Falls • Gage Brothers – Sioux Falls • Farmers Business Network – Sioux
• Max Pro – Woonsocket • Otter Tail Power – Deuel County Falls
• Dakota Seafood – Rapid City • SAB Biotherapeutics – Lincoln • Interstates Control Systems – Sioux
County Falls
• Geronimo Energy – Clark County
• VRC Metal Systems – Rapid City • South Dakota Partners – Clear Lake
• Intrinsic Materials – Rapid City
• Red’s All-Natural Burritos – North • Synchrony Financial – Rapid City
• Prairie AquaTech - Volga
Sioux City • Vermillion Technology Center -
Vermillion
• Performance Pet Products –
Mitchell
• Balcon Enterprises – Elk Point
• Great Plains Processing – Yankton
• Century Custom Molding – *Highlighted Projects Located in Investor-
Beresford Owned or Co-op Service Territory
45000
40000
35000
30000
25000
20000
15000
10000
5000
$51.8 million
$33.2 million
$15.3 million
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
Compensation
$0
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99
00
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Spearfish
Sturgis
Huron
Rapid City
Mitchell
Chamberlain Sioux Falls
Yankton