FOR IMMEDIATE RELEASE:
Paulding Putnam Electric Cooperative (PPEC) residential members will see a slight increase of around $3 a month beginning in March 2018. The electric co-op hasn’t had an increase in over 4 years, but recently underwent a cost of service study which indicated the small increase was necessary.
“The PPEC trustees, and employees work hard to deliver electric power that is reliable, safe and cost-competitive with our neighboring utilities. Be assured that we are working to keep your rates competitive, while still working to replace aging facilities, increase efficiency and improve our service reliability. This slight rate adjustment will assist in those efforts,” stated George Carter, President and CEO of PPEC.
Over the last several years, PPEC has invested in rebuilding its electric plant by rebuilding substations, replacing old wires and increasing maintenance and tree cutting. This is all in an effort to minimize customer outage time.
Carter added, “To me, an electric company has just one main measurement – is the power on, do I have good service reliability? If your power isn’t on, then little else matters! We don’t take this rate adjustment lightly and have done everything possible to minimize its impact on you, our member-owners, but our main objective is to keep the lights on and, in order, to do that we must invest in our infrastructure.”
Commercial and industrial rates will also see an adjustment. The monthly bill will vary depending on the usage and demand charge.
For members wanting more info on the rate adjustment, please visit this link: www.ppec.coop/faq-2018-rate-adjustment
Paulding Putnam Electric Cooperative is proud to serve more than 12,900 member-owners in Paulding, Putnam, Defiance, Van Wert, and Allen counties in Ohio, and Adams and Allen counties in Indiana. Since 1935, we have provided reliable power to rural areas with pride.