Board In Action
A
t its special open board meeting, the PIE&G board of directors approved changes to the cooperative’s electric rates (see below “Notice to Members of Presque Isle Electric & Gas Co-op”).
At their most recent meetings, the PIE&G board of directors:
Presque Isle Electric & Gas Co-op and authorized the board chairman to execute the agreement. • Authorized CEO Sobeck to submit a letter of interest related to the acquisition of the Onaway Airport property to the Presque Isle County Board of Commissioners. • Authorized CEO Sobeck to request a natural gas franchise in Warner Township.
• Approved capital retirements of $2,471,000 to take place in October 2019. • Approved a $1,000 donation to the National Rural Utilities Cooperative Finance Corporation’s Cooperative System Integrity Fund. • Approved an employment agreement with Thomas Sobeck as president and chief executive officer of
• Approved the Building Committee’s recommendation of Brivar Construction Co. of Brighton to act as construction manager for the co-op headquarters building project. • Appointed members to the 2019 Annual Meeting Nominating Committee. • Accepted the leadership team reports.
Notice to Members of Presque Isle Electric & Gas Co-op Electric Tariff and Rule Changes Effective Sept. 1, 2019 The Presque Isle Electric & Gas Co-op board of directors adopted the following changes to the cooperative’s electric tariffs at a Special Open Meeting held May 28, 2019, in accordance with P.A. 167. a. Accepted the 2018 Times Interest Earned Ratio (TIER) analysis and approved a revenue increase of $617,401. b. Revised the cooperative’s energy distribution rate for monthly residential, seasonal residential, general service, large general service, primary service and outdoor lighting rate classes as indicated below to reflect the TIER analysis and the cost to serve for bills rendered on or after September 1, 2019. NOTE: There were no changes to the monthly availability charge. RATE CLASS
CURRENT RATE (Per kWh or Monthly)
INCREASE (Per kWh or Monthly)
RATE EFFECTIVE SEPT. 1, 2019
PERCENTAGE INCREASE
Monthly Residential*
$.02772/kWh
$0.00295/kWh
$0.03067/kWh
2.21%
Seasonal Residential*
$0.07335/kWh
$0.00480/kWh
$0.07815/kWh
1.72%
General Service
$0.02535/kWh
$0.00074/kWh
$0.02609/kWh
0.65%
Large General Service
$0.01470/kWh
$0.00078/kWh
$0.01548/kWh
0.73%
Primary Service
$0.00540/kWh
$0.00106/kWh
$0.00646/kWh
1.26%
Outdoor Lighting 175W MV 400W MV 100W HPS 250W HPS 40W LED T5 70W LED T3/T5
$11.40 $19.70 $9.00 $14.80 $6.80 $7.70
$1.08 $2.47 $0.62 $1.55 $0.25 $0.43
$12.48 $22.17 $9.62 $16.35 $7.05 $8.13
6.79%
*The average monthly residential member uses around 662 kWh/month (for an increase of about $1.95/month). The average seasonal residential member uses around 209 kWh/month (for an increase of about $1/month).
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