COURIER The Kilowatt
February 2021
YOUTH OUTREACH 2021
H
omer Electric is committed to our community – one of the cooperative principles that sets us apart from other businesses.
SCHOLARSHIPS
The scholarships are available for students of all ages – both graduating seniors and adults who wish to continue their education 15775002. Applications are available on the HEA website at www.homerelectric.com, at your high school's Guidance Counselor's office, and at HEA offices in Kenai and Homer. The deadline to submit scholarship applications is Monday, March 1, 2021, by 5:00 p.m.
ELECTRICAL SAFETY POSTER CONTEST
Homer Electric's annual Safety Poster Contest elevates awareness of electrical energy by challenging third and fourth graders to think about the benefits, as well as potential hazards, associated with electric use. Students are encouraged to create an electrical safety message that can be expressed through art in the form of a poster. Deadline to submit entries is April 2, 2021. For more information on these outreach programs, please contact Tanya Lautaret at 283-2305 or tlautaret@homerelectric.com.
TAKE OWNERSHIP IN YOUR COOPERATIVE & SERVE ON THE HEA BOARD OF DIRECTORS
H
omer Electric is accepting nominations from members interested in running for a seat on the cooperative’s board of directors. The cooperative’s board consists of nine directors, three from each of the three Kenai Peninsula service area districts. This year, the District 1 (Kenai-Nikiski-parts of Soldotna) seat currently held by HEA Board of Director David Thomas will be on the ballot. Director Thomas will not run in this year’s election as his term limit has ended. In District 2 (SoldotnaSterling-Kasilof area), the seat currently held by HEA’s Board of Director Dave Carey will be up for election. Director Carey's term limit has also ended. In District 3 (KasilofHomer-Seldovia area), HEA members will vote for the seat currently held by HEA Board of Director Roy Champagne. HEA directors are elected by district, with members voting only for the director in their respective district. Members interested in putting their name on the ballot must fill out a Candidacy Packet that requires the candidate to gather at least 15 signatures from current HEA members that live in the district where the candidate resides. The Candidacy Packet is available at HEA offices in Kenai and Homer and online at www.homerelectric.com. The deadline to submit the Candidacy Packet is 5 PM on Friday, March 5, 2021. Completed packets can be submitted at 99074001 either the Kenai or Homer HEA offices. If you have any questions about the nomination or election process, contact Bruce Shelley at (907) 283-2324.
Kilowatt Courier is a monthly online publication by Homer Electric Association, Inc.
HEA'S LINE OF CREDIT PROGRAM: Electrical & Plumbing Merchandise
D
HIDDEN o you have any home remodeling projects on your new year's to-do list? HEA's Line of Credit Program is available to qualified members for amounts ranging from $200 to ACCOUNT NUMBERS $10,000 for the purchase of local electrical and plumbing appliances and the labor to install. Three randomly chosen italicized account numbers are hidden The list of eligible merchandise 42820003 includes: in the Kilowatt Courier. Back-up Generators/Transfer Switches Electric Bicycles If you find YOUR account number, call Electric Appliances: Electric Car Chargers 235-3338 and you'll receive a $50 Dishwasher Heat/Air Exchange System credit which will be reflected on Electric Outdoor Grills (EX: Traeger) Heat Pump your next bill. Thanks for Freezer Water Pump reading! Heater Wiring Hot Tub, Whirlpool, Sauna Meter Loop (HEA) CURRENT Range, Oven, Oven Fan Plumbing Appliances: RESIDENTIAL RATES Refrigerator Garbage Disposal As of January 1, 2021 Washer/Dryer Water Treatment System All Residential Customers Water Heater Renewable Energy Products & Services Energy charge = 16.077 cents/kWh Electric Infrastructure: Yard Light (HEA) The repayment period can be from 6 to 36 months or more upon approved credit, and will be setup to auto-draft from your designated bank or credit card account. Go to www.homerelectric. com for more details on the list of local vendors, merchandise, and the latest interest rates.
Customer charge = $20.00 System delivery charge = $24.12* (*If usage is less than 150 kWh)
Cost of Power Adjustment (COPA) 8.43 cents per kWh* (*Subject to change on a quarterly basis and upon RCA approval.)
See www.homerelectric.com for the latest residential and commercial rates.
BOARD of DIRECTORS & MANAGER Dan Chay, President (907) 283-9227 David B. Thomas, Vice President (907) 252-2954 Erin McKittrick, Sec./Treasurer (907) 290-6994 Ed Oberts, Deputy Secretary (907) 398-8039 Dave Carey, Director (907) 260-6413 Roy Champagne, Director (907) 299-8499 Jim Duffield, Director (907) 283-2203 Jim Levine, Director (907) 299-0323 Charles "C.O." Rudstrom, Director (907 ) 420-7124 Brad Janorschke, General Manager (907) 283-2312
MONTHLY FINANCIAL UPDATE
H
omer Electric finished the month of November 2020 with a total asset base of $257.7 million. Operating revenue to date was $95.9 million and total costs were $91.8 million, bringing net operating margins to $4.1 million through November 30, 2020. This chart is a breakdown of key financial indicators comparing November 2019 to November 2020. Year to Date Operating Revenue Cost of Purchased Power
November 30, 2020 $95.9 million $59.8 million
November 30, 2019 $86.1 million $53.1 million
Cost of Electric Service Operating Margins
$32.0 million
$31.2 million
$4.1 million
$1.8 million
Total Kilowatt Hours Sold Total Number of Meters
411.1 million
403.1 million
35,599
35,321
FEBRUARY 2021 KILOWATT COURIER Homer Electric Association, Inc. 3977 Lake Street Homer, AK 99603 (907) 235-8551 (800) 478-8551 280 Airport Way Kenai, AK 99611 (907) 283-5831 www.homerelectric.com Homer Electric Association, Inc. is an equal opportunity provider and employer.