FARMERS ELECTRIC COOP CUSTOMER WILL NOTICE SLIGHT RATE INCREASE
(Greenfield) Officials from Farmers Electric Cooperative released a letter last week addressing a proposed rate increase to help pay for a building project east of Greenfield.
“A line item added to the bill and what it basically entails is a tenth of a cent increase for a building fund,” stated Farmer Electric Coop General Manager Clarence Moshier.
The Cooperative purchased an existing 10,400 square foot building and 13-acres of land and plan to move their headquarters, pole yard and storage facilities to the new location. Moshier says this will allow the cooperative to consolidate all its operations into one location and install fueling provisions as well.
“What we hope to realize out of the move is some increased efficiency.”
Moshier says many cooperatives in the state and elsewhere are building new facilities that cost $5-to-$6 million. Their budget for the move is less than $2 million, that includes an 11,660 square foot truck-parking garage.
The tenth of a penny per kwh will be used to amortize the $1.5 million facility loan.