You invest in the co-op every time you pay your bill. A portion of this monthly investment helps cover the fixed costs of delivering electric service to your home or business regardless of how much electricity is used. This includes the costs of electrical system maintenance, tree trimming, outage restoration, taxes, insurance, materials, fuels, and administration of the utility. On your bill, this is identified as the facilities charge.
MEC had a cost of service study conducted. The study indicated the actual fixed cost in our area is $35 per month. To help ensure long-term financial stability for the co-op, the board of directors and management are working towards bringing the monthly charge up to the actual cost. Therefore, in January the Single Phase Residential and Single Phase General Service facilities charge will increase by $3 to $32 while the energy charge will remain the same.
Your monthly investment ensures you have access to safe, reliable, and affordable power when you need it. We strive to use that investment wisely.