In the April 2018 Cooperative Review we provided you with an update regarding the growth of our membership and the need to expand our operations to meet the demands of this growth.
Union Power has undergone an extensive facility study to evaluate the suitability of our headquarters complex to meet our current and future needs. Union Power has been in its current facility since 1984. During this time our member accounts have grown from approximately 20,000 to almost 76,000 and our total utility plant, which includes the electrical infrastructure, buildings, and support equipment, has grown from just over $28 million to nearly $400 million. Additionally, the number of employees has grown from 55 to 135. Looking to the future, our long range forecast projects our membership will grow an additional 30 percent over the next 15 years, increasing our need for additional utility plant and human resources.
Based on our current needs and future projections, the facility study indicates Union Power’s existing headquarter facilities are not adequate to provide for our future operations. After careful consideration of factors such as geographic proximity to our members and economics related to expanding on our existing campus versus moving to a new site, it has been decided the best alternative is for Union Power to expand on its existing campus at 1525 N. Rocky River Road.
In order to ensure we have the facilities to continue to serve our membership, today and into the future, we began working with consulting firms to develop a site plan and design for a headquarters expansion. Based on our needs assessment, our project will include a new office building, warehouse, fleet maintenance shop, and vehicle parking area. The design phase is nearing completion and site preparation will begin in the coming months.
Our goal is to build a foundation for the future to deliver on our promise to provide safe, reliable electric power and energy services with exceptional value. I will continue to provide you updates as we move forward with this project.
Executive Vice President and General Manager