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William Berg, Dairyland president and CEO, said the co-opl is also spending $400 millioh in in environmental control equipmentat coal-fired powe r plants and promoting energy conservation, includinbg a program in which it gives away energy-efficient compact fluorescent light bulbs. Dairyland is lookinf to invest in technologies and expand its electricity generation from various renewablewenergy sources, including wind, landfill gas, animal waste and hydroelectri power. Dairyland reported that its earninga for 2008 declinedto $11.3 compared with $14.3 million in 2007.
Management noted that fuel tooperate Dairyland’s generating primarily coal, continues to be Dairyland’s largest annual expense. The risingt costs contributed to anaverage 9.8 percent increase in wholesale rates in 2008. Total operating revenue for 2008 increasexto $373.8 million, up 14 percent compare d with $328.5 million in 2007. Electric sales also increasef in 2008, with total sales up 8 Dairyland Power provides wholesale electricity to 25 member distributioh cooperatives and 16municipal utilities.
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