BNET Industries
Last Fiscal Year Sales:$59.0M
- Private
- US
Dow Jones Description
After a two-year period of canvassing, educating, planning, and organizing, the La Plata Electric Association, Inc. (LPEA) was incorporated on August 5, 1939. A loan was obtained from the Rural Electrification Administration (REA), and 188 miles of line were constructed to serve 350 people. Each member was required to purchase a share of stock in the cooperative for $5.00, which was the total cost of receiving service to each member. Compare this cost with the deposits demanded by the private utility, which ranged from $300 to $2,000 per consumer. LPEA lines were energized on February 1, 1941; 157 customers received electric power at that time. The first annual meeting of the members was held September 2, 1941. In 1942, La Plata Electric borrowed funds from REA to purchase the Pine River Power Company facilities and to build 65 miles of extensions to 85 members. In order to obtain these funds the War Production Board and REA required that no new lines or construction would be attempted for the duration of the war. Due to scarcities of supplies and appliances, consumption of electricity was also limited. It was to be expected that the cooperative would not be able to operate in such a manner and to pay its own way. It was not until 1945 that La Plata Electric was able to show a margin of profit.
Chief Executive Officer
Greg W. MunroNumber of Employees 100
Peer Companies
NAICS Code Other Electric Power Generation: 221119
Recent Events
-
Nancy Andrews named LPEA Energy Management AdvisorLong-time sustainability professional brings expertise to electric co-op
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Greg W. Munro | Chief Executive Officer |
| Dan Hammond | Chief Financial Officer |
| Dennis Svanes | Chief Financial Officer |
| Linda Looman | Human Resources Director |
| Mark Schwantes | Director of Corporate Services & Planning |
| Ben Cordova | Line & Services Manager |
| Betsy Lovelace | Assistant Manager of Billing and Customer Service |
| Casey Kirkpatrick | Manager, Geospatial Data Services |
| Cindy Straight | Manager of Billing and Customer Service |
| Dave Gebhardt | Manager, Sys Operations & Maintenance |
| Drew Timmerman | Manager of Information Systems |
| John Stepehson | Manager, Safety, Regulation & Compliance |
| Ron Meier | Manager of Engineering |
| Steve Gregg | Manager of Operations |
| Jeff Wadsworth | Controller |
| Keith Brant | Controller |
| Krista Vandiver | Assistant Controller |
| Dan Harms | Systems Engineer, Rates |
| David Waller | Marketing Executive |
| Debbie Bass | Energy Management Adviser, Electric Thermal Storage Heater Sales, Marathon Water Heaters |
| Dennis Baxter | Engineering Secretary, New Electric Service Construction |
| Herbert C Brodsky | |
| Jeannie Bennett | Coordinator of Lpea's Scholarship Process |
| Jerome Doane | Network Administrator |
| John Stephenson | Regulatory Compliance & Operations Superintendent |
| Larry Day | |
| Larry Redman | Purchasing Agent |
| Linda Wilsey | Executive Secretary |
| Mike Alley | Line Superintendent, Pagosa Springs |
| Ray Pierotti | Project Specialist |
| Richard Archuleta | Energy Management Adviser |
| Roland Pack | Line Superintendent, Tree Trimming |
| Suzy Bynum | Energy Management Adviser, Electric Thermal Storage Heater Sales, Marathon Water Heaters |
| Tracy Graybeal | Network Administrator |
| Bob Formwalt | Director |
| Joseph Wheeling | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Pam Patton | President, Lpea Board of Directors |
| Jeff Berman | Chairman of the System's Operations & Planning Committee |
| Davin Montoya | Board of Directors |
| Ed Zink | Board of Directors |
| Harry M Cole | Board of Directors |
| Herb Brodsky | Board of Directors |
| Jerry McCaw | Board of Directors |
| John R Gardella | Board of Directors |
| Terry Alley | Board of Directors |
| Tom Compton | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Chief Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | President, Lpea Board of Directors | Current |
| Calvary Presbyterian Church | Board of Directors | Current |
| Fasttrack Communications | Board of Directors | Current |
| Calvary Presbyterian Church | Member | Current |
| U.S. Navy | intelligence specialist | Former |
| Fort Lewis College | bachelor's degree | Former |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Human Resources Director | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Director of Corporate Services & Planning | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Line & Services Manager | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Assistant Manager of Billing and Customer Service | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Manager, Geospatial Data Services | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Manager of Billing and Customer Service | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Manager, Sys Operations & Maintenance | Current |
| La Plata Electric Association | Operations Technical Engineer | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Manager of Information Systems | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Manager, Safety, Regulation & Compliance | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Manager of Engineering | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Manager of Operations | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Assistant Controller | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Systems Engineer, Rates | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Marketing Executive | Current |
| La Plata Electric Association | Member Communications, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Energy Management Adviser, Electric Thermal Storage Heater Sales, Marathon Water Heaters | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Engineering Secretary, New Electric Service Construction | Current |
| La Plata Electric Association | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Current | |
| Durango Natural Foods | Former | |
| Purdue University | B.S. in mechanical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Coordinator of Lpea's Scholarship Process | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Network Administrator | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Regulatory Compliance & Operations Superintendent | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Purchasing Agent | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Executive Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Line Superintendent, Pagosa Springs | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Project Specialist | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Energy Management Adviser | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Line Superintendent, Tree Trimming | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Energy Management Adviser, Electric Thermal Storage Heater Sales, Marathon Water Heaters | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Network Administrator | Current |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Chairman of the System's Operations & Planning Committee | Current |
Bob Formwalt of 201 Paul Hood Pl, Pagosa Springs, has been on the LPEA Board since 2000. He was born in Artesia, New Mexico. A graduate of Pagosa Springs High School and of the business school at Fort Lewis College, Formwalt is a self-employed rancher and former bank loan officer. Bob is the Board's Western United representative. He serves on the Systems' Operation & Planning Committee and is chairman of the External Organizations & Issues Committee. Bob served 12 years as an Archuleta County Commissioner as well as serving on the Archuleta County Planning Commission, Airport Board and Housing Authority. He also served on the Region 9 Workforce Development and Economic Development Boards, the Colorado Job Training Private Industry Council, the Colorado Mine Reclamation Board and Abandoned Mined Land Council, the San Juan Basin Health Board, the San Juan Basin RC & D Council and the Colorado State Soil Conservation Board.
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Director | Current |
| Economic Development | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Board of Directors | Current |
| La Plata Electric Association | President | Former |
| New Mexico State University | Former | |
| Fort Lewis College | Former |
| Organization | Position | Status |
|---|---|---|
| Fasttrack | Board of Directors | Current |
| La Plata Electric Association | Board of Directors | Current |
| Fort Lewis College | Bachelor's Degree In Business Management | Former |
| Handlebar Cycle | Former | |
| Fort Lewis College | Bachelor's Degree In Business Management | Former |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Board of Directors | Current |
| Citizens State Bank | Vice President | Former |
Herbert C. Brodsky resides at 1824 County Road 204, Durango. He was born in Chicago, Illinois. He has a B.S. in mechanical engineering from Purdue University and a master of automotive engineering from Chrysler Institute of Engineering. Brodsky is a management consultant, advising businesses on organizational and financial planning, and designing systems and procedures for his clients. His professional experience includes: vice president, directory of property management, Melvin Simons and Associates, Indianapolis; product manager for the Carborundum Company, Commercial Filters Division, Lebanon, Indiana and the Air Maze Division of Rockwell Standard Corporation Cleveland, Ohio. He also served as a staff engineer for Chrysler Corporation, Detroit. He is a past president of the La Plata County Unit of the American Cancer Society, Durango Natural Foods and the Durango Repertory Theatre Company. Brodsky served as president of the LPEA board for three years. He serves on the Administration and Budget Finance & Audit Committees as well as serving on the FastTrack Board the La Plata Electric Round Up Foundation board.
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Board of Directors | Current |
| Purdue University | B.S. In Mechanical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Board of Directors | Current |
| U.S. Department of Agriculture | engineer | Former |
| Fort Lewis College | Former | |
| Colorado State University | Former |
John R. Gardella of 8 Delwood Circle, Durango, was born in Detroit, Michigan on June 22, 1943. He holds a Bachelor of Science degree from Florida State University. Gardella is an Elder of the First Presbyterian Church of Durango. He is the owner of General Business Services which offers business and tax counseling to small businesses and individuals. He is also a real estate investor. Elected to the LPEA board in 1994, Gardella is Board Treasurer, a member of the FastTrack board and chairman of the board's Budget Finance & Audit Committee. He has received the Credentialed Cooperative Director certificate.
| Organization | Position | Status |
|---|---|---|
| Gen Business Services | Owner | Current |
| General Business Services, Inc. | Owner | Current |
| Fasttrack | Board of Directors | Current |
| La Plata Electric Association | Board of Directors | Current |
| The Board, Inc. | Treasurer | Current |
| Florida State University | Bachelor of Science Degree | Former |
| Fasttrack | member | Former |
| Organization | Position | Status |
|---|---|---|
| Accor Economy Lodging | President, CEO, Red Roof Inns | Current |
| Red Roof Inn | Coo | Current |
| Red Roof Inns, Inc. | COO | Current |
| Red Roof Inn | Executive Vice President | Current |
| La Plata Electric Association | Director | Current |
| Lance Partners LLC. | Board of Directors | Current |
| Deloitte & Touche LLP | Management Consultant | Former |
| Red Roof Inns, Inc. | Executive | Former |
| Wharton Graduate School of the University of Pennsylvania | M.B.A. In Finance and Strategic Planning | Former |
| Colorado State University | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| La Plata Electric Association | Board of Directors | Current |
| Fasttrack | Board of Directors | Current |
| Roundup.Com | Board of Directors | Current |
| Learning, Inc. | Board of Directors | Former |
| Western State College | Master's Degree | Former |
| Fort Lewis College | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Colorado Farm Bureau | Board of Directors | Current |
| La Plata Electric Association | Board of Directors | Current |
| Colorado Farm Bureau | Member | Current |
| University of Wyoming | Ph.D. In Zoology | Former |
| University of Alaska | Master's Degree In Biology | Former |
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