CORE Electric Cooperative - Experts & Thought Leaders

CORE Electric Cooperative announced that Jeff Baudier, CEO of CORE, has resigned his position at the cooperative to pursue a new opportunity in his home state of Louisiana, USA. “It has been an honor to serve CORE’s members these last three years,” said Jeff Baudier, adding “I am extremely proud of CORE’s dedicated employees, who I know will lead this organization into its exciting future as the premier electric utility in Colorado.” premier electric utility CORE Electric Cooperative thanks Mr. Baudier for his efforts guiding the company’s employees “CORE has been met with significant challenges over the last three years, and Jeff was the leader we needed to meet those challenges,” said Tim White, President of CORE’s Board of Directors, adding “We, as a board, feel he has set the organization up for success, and we wish him well.” CORE Electric Cooperative thanks Mr. Baudier for his efforts guiding the company’s employees on a variety of projects, including: Formation of a state-renowned clean energy and transition plan to position CORE as an independent electric utility, by forging new power supply agreements with partners, such as Invenergy. CORE’s first-time Long-Term Issuer Default Rating (IDR) of “AA-” with a Stable outlook from Fitch Ratings. “AA-” is in the highest public rating tier achieved for electric distribution cooperatives rated by Fitch Ratings. Their nationally recognized wildfire mitigation program, which protects members, employees and the distribution system in CORE’s service area. New member programs like COREV and CLEAN Power Choice, and the build out of 11 public electric vehicle chargers throughout their service area. CORE Board appoints Pam Feuerstein as Interim CEO The Board has appointed Chief Operating Officer (COO) Pam Feuerstein as Interim CEO. Pam has been with CORE for 13 years and has held her position as COO for more than nine years. She is a star leader within the organization and industry. Extensive Industry experience Pam has over 25 years of experience in power delivery for electric utilities and has been instrumental to develop CORE’s power supply transition and securing resources for CORE’s clean energy future. Pam currently serves as Board Chair and Executive Committee member of the Foundation for Douglas County Schools. In 2022, Pam also joined the board of RESPEC, a global major in geoscience, engineering, data and integrated technology solutions for major industry sectors. Pam also is a past honoree of the Denver Business Journal C-Suite Awards, which recognizes C-suite level executives who demonstrate vital leadership and business savvy while guiding their companies to success.

Rural electric cooperatives - CORE Electric Cooperative and Holy Cross Energy (HCE) have partnered on a new solar array on Colorado’s Eastern Plains. The Hunter Solar project is a 75-megawatt solar array in Arapahoe County, Colorado. CORE will buy 45 MW and HCE will purchase 30 MW of power output. CORE and Holy Cross Energy partnership CORE and HCE both have committed to carbon-neutral and greenhouse gas reduction goals CORE and HCE both have committed to carbon-neutral, renewable energy and greenhouse gas reduction goals supporting statewide goals. “Hunter Solar adds to CORE’s growing portfolio of renewable energy sources powering the path to energy independence and clean energy solutions for our members,” said Chris Hildred, CORE’s Power Supply Director, adding “We are proud to work alongside HCE in meeting our collective cooperative goals.” The Hunter Solar project “This project represents one more step on HCE’s journey to provide our members with 100% clean energy by 2030,” said Bryan Hannegan, President and CEO of Holy Cross Energy (HCE). He adds, “Projects such as this represent the power of collaboration amongst cooperatives, and we look forward to sharing this clean energy resource with CORE for years to come.” Long-term power purchase contracts Long-term power purchase contracts will serve both utilities throughout the region southeast of Denver and in the mountain communities in Eagle, Garfield, and Pitkin counties. In total, Hunter Solar is anticipated to power the equivalent of approximately 15,500 homes annually. Solar arrays mounted on a tracking system The solar arrays are mounted on a tracking system, allowing them to follow the sun throughout the day as it moves from east to west, capturing maximum output from the sun.

CORE is prepared for significant snowfall and adverse weather forecast for Wednesday, March 13, through Friday, March 15, across their service area. Line crews in their Sedalia, Bennett, Conifer and Woodland Park districts are on standby, with additional contractors ready to assist, if needed. They also have replacement equipment on hand, and fleet vehicles are fueled up and ready to roll into even the roughest terrain in their 5,000-square-mile service area. CORE encourages members to prepare for spring storm CORE encourages members to also prepare for the expected weather. Some key tips: Keep an easily accessible ‘outage kit’ that includes a battery-powered radio or TV, flashlights or headlamps, and fresh batteries. Add enough water, blankets and non-perishable food to supply the whole family. Turn faucets on slightly during an extended outage. The slow drip will help prevent water from freezing in the pipes. Have alternate plans for refrigerating medicines or using power-dependent medical devices. Keep refrigerators and freezers closed to preserve cold food. If using a generator, follow the manufacturer’s safety guidelines, such as operating it outdoors and away from windows and doors. CORE’s online Outage Center If the electric service is interrupted, use CORE’s online Outage Center to report and monitor outages, or call (833) 267-3349. To report a downed line or pole, or any other safety concern or issue beyond interruption of service, please contact them as soon as possible through any of the channels on the company’s contact page.