Welcome Cobb EMC Member Owners & Friends 190,000+ Member Owners - PowerPoint PPT Presentation

Welcome Cobb EMC Member Owners & Friends • 190,000+ Member Owners • Largest group of members among the 42 Electric Coops in Georgia • One of the largest EMCs in the country • History of member action

Mission Statement for Coops

Where our energy comes from… Energy Source Coal & Nat Gas Nuclear Hydro & Solar

Energy Efficiency Improvements Help at Home • Control over living environment • Lower monthly utility bills • Less power consumption • Economic development • Builds local workforce roles • Reinforces community values • Improved housing with lower maintenance costs • Improved health • Better air & water quality • Lower healthcare costs • Lower health insurance rates • Lower carbon emissions!

Why Inclusive Financing? • An energy efficient home lowers bills and helps the environment • Most people won’t prioritize efficiency on their own • Inclusive Financing removes barriers - no loan, no FICO, no lien, and no debt associated with this transaction • Energy efficiency should be looked at as part of the energy portfolio • Board members currently evaluating business case for Inclusive Financing • Members should tell EMC they want and need inclusive financing

How Inclusive Financing Works • Energy saving upgrades installed in your home or building, Member pays nothing upfront. • The Co-op pays for the installed energy solution using a vetted coop partner energy contractor(s). • To recover its costs, the Co- op puts a fixed charge on Member’s electric bill that is less than the estimated energy savings from upgrades. • Member needs no loan, no FICO score check, no lien, and no debt associated with this transaction; just lower energy bills and a more comfortable home. • When the utility recovers its costs, fixed charge ends. • If you leave move, fixed charge stays with the meter

Inclusive Financing for Building Owners, Landlords, Renters • Lower Energy Costs • Lower Rents • Improved Property Marketability • Benefits Stay with the Unit as tenants move • Healthier Buildings • Lower Maintenance Costs • Potential for Energy Tax Credits

Benefits for the Co-op • Provides high degree of service to members • Delivers greater equity • reaches all members • works for renters, condo owners • works for all income levels • works for small business • Energy choice & independence • Lowers reliance on fossil fuels • Reduces energy use and exposure to volatile energy pricing • Lowers energy costs for all members • Improves member energy use & transformation versus low adoption rates of programs with loans & credit score barriers

How to Contact your r Cobb EMC Board to Su Support rt In Inclu lusiv ive Fin inancin ing • David Tennant - District: 6 • Edward Crowell, vice chairman - District: 1 • 770-429-2176, david.tennant@cobbemc.com • 770-429-2171, edward.crowell@cobbemc.com • Malcolm Swanson - District: 7 • Rudy Underwood, secretary-treasurer - District: 2 • 770-429-2177, malcolm.swanson@cobbemc.com • 770-429-2172, rudy.underwood@cobbemc.com • Bryan Boyd - District: 8 • Kelly Bodner - District: 3 • 770-429-2178, bryan.boyd@cobbemc.com • 770-429-2173, kelly.bodner@cobbemc.com • Eric Broadwell - District: 9 • David McClellan, chairman - District: 4 • 678-520-7337, eric.broadwell@cobbemc.com • 770-429-2174, david.mcclellan@cobbemc.com • Tripper Sharp - District: 5 • 770-429-2175, tripper.sharp@cobbemc.com

Importance of Energy Choice • Cobb EMC did not opt-in for the Plant Vogtle Traditional Solar nuclear plant Investment • Cobb EMC is closing on a campus solar solution to run its own operations • Solarize Crowdfunding is an option for our communities ($2.60/kW res, $1.43/kW commercial) • Other EMCs are exploring PAYS & following Cobb EMC’s lead Solarize Cities • Georgia Power Integrated Resource Plan (IRP) Atlanta Decatur-Dekalb • included more solar into its IRP Carrollton • included a PAYS test Roswell Savannah Athens Norcross Central Georgia

Cobb EMC Rates Plans Peak (1-9pm) Off Peak (6a-1p), Super Off Peak Service Fee/ (9p-noon) (noon – 6a) Month 8.25/kWh/1 st 1000kWh, winter 8.95>1000kWh, summer STANDARD $25 12.40>1000kWh Nite Flex for EVs 13.5/kWh 7.181/kWh 4.5/kWh > 400 $28 free Smart Choice 7.181/kWh + 7.181/kWh 7.181/kWh $28 $5.55 > 3 kWh/hr Fixed Rate 8/kWh 8/kWh 8/kWh $39 Even Bill Avg most recent 12 mo of bills + 8% risk premium (used to cover environmental factors such as weather or lifestyle changes). Prepay Like a prepay phone card, can include disconnect charges