The Town of Laverne was presented a $20,000 check by the Oklahoma Municipal Power Authority during Monday’s trustees meeting, recognizing the town for being officially recertified in the Competitive Utility Program (CUP).
OMPA is the town’s wholesale power supplier. Laverne’s recertification was approved by the OMPA board at its July meeting.
CUP is a voluntary program, started in 1995, that provides OMPA’s 42 members with a way to evaluate and improve the operation of their electric utility, and make them better able to compete in the electric utility industry. The program provides two types of reward – recognition, in the form of certification; and financial rewards, which include the check for $20,000.
Laverne will also receive a credit on its wholesale power bill during winter months for meeting criteria relating to competitive rates, transfers to the general fund and load factor.
CUP-certified members can be recertified in the program every two years, and they are eligible for the $20,000 award each year.
Town Billing Clerk Connie Wingo is Laverne’s CUP coordinator.