Central Texas Electric Provider Receives Rate Reduction, Passes Savings Onto Customers
Lower base power rate to result in savings
JOHNSON CITY, Texas — Pedernales Electric Cooperative’s (PEC) Board of Directors approved a rate reduction that will save PEC members over $6 million a year.
The rate decrease, which goes into effect June 1, 2020, reflects a reduction in the cost of power from PEC’s primary suppliers, including the Lower Colorado River Authority (LCRA). At 1,250 kWh of use, this adjustment represents a savings of $1.25 per month for members.
“The PEC board and its employees are committed to providing reliable electric service at some of the lowest rates in Central Texas,” said PEC Board President Paul Graf. “As a not-for-profit cooperative, we and our power providers are always working hard to find savings to pass on to our members.”
PEC’s rates are designed to be fair, reasonable, equitable, and based on the costs of maintaining the system and safely delivering power.
Rates are approved by the PEC Board of Directors, and all changes are made with the cooperative and its members in mind, and with full transparency at board meetings, which are open to the membership.
As a member-owned cooperative, PEC doesn’t earn profits; however, when revenues exceed expenses, these margins are allocated to our members in the form of capital credits.
