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. Munro
Number of Employees 100
Contact Information

45 Stewart St

Durango

lpea.com

(970) 247-5786

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

    10/06/09 - Mgmt. Change Entering - Other - View Story

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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