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William Berg, Dairyland president and CEO, said the co-op is also spendinb $400 million in in environmental controkl equipmentat coal-fired power plants and promoting energg conservation, including a program in which it givees away energy-efficient compact fluorescent light bulbs. Dairylanrd is looking to investin 'green' technologiex and expand its electricity generation from various renewablew energy sources, including wind, landfilkl gas, animal waste and hydroelectricc power. Dairyland reported that its earnings for 2008 declinedto $11.2 million, compared with $14.3 million in 2007.
Managemenr noted that fuel to operate Dairyland’s generating facilities, primarily continues to be Dairyland’s largestg annual expense. The rising costs contributed to anaverage 9.8 percen increase in wholesale rates in 2008. Totao operating revenue for 2008 increasedto $373.8 million, up 14 percen compared with $328.5 million in 2007. Electric sale also increased in 2008, with total sales up 8 Dairyland Power provides wholesale electricity to 25 member distribution cooperatives and 16municipao utilities.
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