September 27, 2016 4:30 AM ET

Electric Utilities

Company Overview of Omaha Public Power District

Company Overview

Omaha Public Power District, an electric utility, engages in the generation, transmission, and distribution of electric power, and energy and other related activities. It operates two coal-fired plants, North Omaha Station and Nebraska City Station; Fort Calhoun Station, a nuclear power plant; and three peaking plants and renewable energy resources, including a landfill-gas plant, and wind turbines. The company offers its products and services primarily to residential, commercial, and industrial customers. It serves approximately 352,000 customers in various parts of 13 counties in east and southeast Nebraska. The company was founded in 1917 and is headquartered in Omaha, Nebraska.

Energy Plaza

444 South 16th Street Mall

Omaha, NE 68102-2247

United States

Founded in 1917

2,039 Employees

Phone:

402-636-2000

Fax:

402-636-3955

Key Executives for Omaha Public Power District

Chief Executive Officer and President
Age: 56
Chief Financial Officer, Vice President of Financial Services, Assistant Secretary and Assistant Treasurer
Chief Compliance Officer, Vice President of Energy Delivery and Assistant Secretary
Vice President of Energy Production & Marketing and Assistant Secretary
Chief Nuclear Officer and Site Vice President
Compensation as of Fiscal Year 2016.

Omaha Public Power District Key Developments

The Omaha Public Power District to Permanently Shut Down Nuclear Plant at Fort Calhoun on Oct. 24, 2016

The Omaha Public Power District will permanently shut down its nuclear plant at Fort Calhoun on Oct. 24, 2016. The OPPD board unanimously approved a recommended shutdown at Fort Calhoun in June, but officials until now have been able to provide only a rough estimate of when the plant would cease operations. With the shutdown date set, the plant's decommissioning will kick into gear. That process includes the removal and transfer of nuclear fuel from the reactor into the spent fuel pool. That's where the fuel rods will be placed for about 18 months while they burn off energy and cool to a level that permits transfer into a more permanent storage facility. In all, the decommissioning process could take up to 60 years and will cost OPPD as much as $1.5 billion. Once all the nuclear fuel is removed from the reactor, the utility must then certify in writing that it has permanently ceased operations at the plant and that it is surrendering authority to operate the reactor there.

Omaha Public Power District to Close the Fort Calhoun Nuclear Power Plant by the End of 2016

The board of directors of Omaha Public Power District announced that due to economic considerations it has decided to close the Fort Calhoun nuclear power plant by the end of 2016. Located near Omaha, Nebraska, the 479-megawatt plant began commercial production of electricity in 1973. It accounts for 34% of OPPDs total electricity generation and 9% of Nebraskas electricity.

Omaha Public Power District Announces Executive Appointments

The Omaha Public Power District has appointed Mick Mines as chairperson, Tim Gay as vice chairperson, John Green as treasurer and Rich Hurley as secretary to lead the board in 2016. Chair Mines represents customers in Subdivision 7, which includes western Douglas County, Washington County, and parts of Sarpy, Saunders, Dodge, Burt and Colfax counties. Treasurer John Green represents customers in Subdivision 5, which covers central Douglas County. He is an attorney at law with the Omaha firm, Pickens & Green, LLP. He also served in Washington, D.C., as chief of staff to the former Nebraska Congressman John Cavanaugh. Secretary Rich Hurley represents customers in Subdivision 1, which covers northwest Douglas County. He is serving his first term on the board, elected in 2014. Hurley is currently an associate broker at Berkshire Hathaway HomeServices Ambassador Real Estate. Hurley is also a member of the West Omaha Rotary Club.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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