April 10, 2006

Contact: Rae Todd 970-229-5255

toddr@prpa.org (Platte River Power)

Platte River CFO Robert P. Abiecunas retires

FORT COLLINS, Colo. -- Robert P. Abiecunas is retiring as Chief Financial Officer of Platte River Power Authority at the end of May 2006.

Abiecunas leaves Platte River in a strong financial position with double-A ratings from all three bond-rating agencies--Standard and Poor's Corp., Moody's Investors Service and Fitch. During the past couple of years, Abiecunas oversaw the development and adoption of formal programs to manage exposure to risks associated with fluctuations in market prices for purchased power and natural gas.

"Much of Platte River's excellent financial results can be credited to Bob," said Brian Moeck Platte River's general manager. "He has orchestrated a fine strategic financial plan and has done a great job managing debt and reserves."

Abiecunas, a certified public accountant, graduated from California State University Northridge and came to Platte River in 1981.

Platte River Power Authority generates and provides reliable, low-cost and environmentally responsible electricity to its owner communities of Estes Park, Fort Collins, Longmont and Loveland for delivery to their utility customers. Platte River's facilities are located along the Front Range, northwestern Colorado and near Medicine Bow, Wyoming.

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