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CHEC Hot Watts February 2025

Page 1

Published monthly by Cookson Hills Electric Cooperative, Inc.

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FEBRUARY 2025

T WATTS

Rate Adjustment Effective in April Across our region and the country, many electric cooperatives and other utility companies have been faced with increasing wholesale power costs. Unfortunately, Cookson Hills Electric has not been exempted from this trend. Over the past few years, we have experienced significant cost increases in materials, insurance premiums, cost of labor, and yes, wholesale power costs, too. In the last quarter of 2024, our power provider, Associated Electric Cooperative in Springfield, Missouri, announced a rate increase that will begin in April, 2025. Because of the stiff pressures we have faced, we have been persistent in prioritizing our financial responsibilities. As a not-for-profit, member-owned cooperative, the employees and Board of Trustees at CHEC vow to continue our efforts to diligently contain costs, while still providing the safe and reliable service you expect and deserve. For the first time in over a decade, CHEC has made the difficult decision to increase our rate

structure. This is not a decision we take lightly, because we realize this will impact our members. Rates will increase for members on the April 2025 billing cycle, to support the increasing operational costs. The last full rate increase we implemented took place in 2014, with the monthly service availability charge experiencing an increase in 2018. The Board of Trustees approved the changes at the December 2024 board meeting, and we are still working to finalize the new rate structure. We strive for full transparency with our members, and we will provide more information to you at the earliest date possible. Please look for updates on our website, Facebook page, direct mail, or the Hot Watts newsletter. We will continue to work hard every day to ensure we provide reliable, safe, and affordable electric service to our members. Thank you for your trust and support as we navigate this new territory together!

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