KEC to Increase Late Penalty

By Brett Orme

Kiamichi Electric Cooperative is committed to being your trusted energy provider by bringing safe, reliable power and quality member service with sound economy and good management. Your not-forprofit cooperative works hard to minimize the impact of necessary price increases, as we are accountable to our members and not outside investors.

We are reaching out to advise you that there will be an increase in Kiamichi Electric’s delinquent (late payment) charge effective June 1, 2023. This charge will increase from 1.5% to 5% with a $5 minimum fee.

This fee has not increased in over 30 years and is being implemented to adequately recover the costs associated with the administration of late fees, including staff time, additional printing of delinquent notices, envelopes, postage, etc. This adjustment will help protect the membership as a whole.

We offer multiple payment options and can help you sign up for auto-draft so your payment is always made on time, avoiding past-due payment fees.

If you have questions or concerns regarding this price increase, please do not hesitate to reach out. Our team is more than happy to discuss this with you. You can also find an updated copy of our Terms and Conditions (Section 204.3) on our website at www.kiamichielectric.org.