30 Stott Avenue Norwich, CT 06360-1526 Phone: 860.889.4088 Fax: 860.889.8158 HOME ABOUT US MEMBERS SERVICES RESOURCES PROJECTS CONTACT undefined History Formation: CMEEC was established in 1976 as a publicly directed joint action supply agency. Our mission and operating principles are founded on state statutes, CMEEC bylaws and a long-standing commitment to serve community utilities Legislative actions by Connecticut’s General Assembly, dating back to the early 1900s, defined the franchise areas of each municipal utility and limited electric service to the municipality itself, an adjacent municipality and/or portions therein. In 1975, the municipals obtained passage of legislation to form their own power supply company: State statutes “permit municipal electric utilities in Connecticut to join together and form cooperative public corporations for the financing of the construction and acquisition of facilities for the purpose of furnishing efficient, low cost and reliable electric power in their areas of operation.” For additional information, refer to Chapter 101 of the Connecticut General Statutes. As a result, the Connecticut Municipal Electric Energy Cooperative (CMEEC) was created as the electric power supplier for the state’s municipal utilities. CMEEC became fully operational in 1978 as a not for profit, joint action power supply agency. Today CMEEC manages power supply contracts, financing, acquisition, construction and operation of generating resources. CMEEC supplies power to its members and wholesale customers through various sources, including fossil-fueled generators, nuclear plants, hydroelectric stations in Connecticut and massive power dams in Canada and New York. In 2013, CMEEC began expanding its market areas and currently serves customers and communities beyond Connecticut. All-requirements: CMEEC’s all-requirements model requires member utilities to commit to purchase essentially all electric power requirements from CMEEC. This commitment results in a joint action agency with cooperative strengths vital to CMEEC’s dealings with other utilities, the investment community and other energy industry stakeholders. Tax-exempt: A basic statutory power given to CMEEC is legal authority to issue long-term tax-exempt electric power supply revenue bonds. CMEEC has the ability under law to borrow money at relatively low interest rates to pay for obtaining electric generating and transmission facilities. Repayment of interest received by bond-holders – the lender of money to CMEEC – is tax-exempt because the money borrowed is used for not for profit essential municipal utility purposes. CMEEC bonds are secured by power sales contracts between the agency and its Member or Participant utilities. Customer-driven: The municipal utilities do not conduct their electric operations for shareholder profit. In fact, there are no shareholders of either CMEEC or the municipal utilities. The customers and citizens of the municipality are the only “shareholders” for municipal utilities. Cost-based: Under the contracts, money paid to CMEEC for community electricity goes to pay the real costs of obtaining the power, such as direct power production costs, basic staffing costs, power plant financing costs, and costs of entering into more beneficial power supply contracts with regional suppliers. Importantly, money collected by CMEEC under rates for electricity supplied to municipals includes no so-called profit or shareholder dividends. Municipals are charged a rate based on the actual cost of obtaining power with an additional percentage capped by state statute. Read our 3-Point Pledge The Connecticut Municipal Electric Energy Cooperative or CMEEC (pronounced “SEE-mek”) is a public power entity that provides electric services to several municipal utilities and participating wholesale customers. CONTACT US CMEEC 30 Stott Avenue Norwich, CT 06360-1526 Phone: 860.889.4088 Fax: 860.889.8158 UPCOMING MEETINGS Regular Meeting of the Joint Legislative & Governmental Affairs Committee December 2 @ 10:00 am - 12:00 pm Regular Meeting of the Joint Strategic Planning Committee December 2 @ 1:00 pm - 3:00 pm Regular Meeting of the Joint Risk Management Committee December 9 @ 10:00 am - 12:00 pm QUICK LINKS Public Utilities Regulatory Authority Connecticut Department of Energy and Environmental Protection American Public Power Association Northeast Public Power Association National Rural Electric Cooperative Association ISO – New England All Rights Reserved. Web Development by Innovast Digital Marketing.