While the changes will mean lower costs for 70 percent of cooperative members, it also includes an increase in the base charge to cover the fixed costs of providing service and an increase in the charge for security lights.

 

Residential accounts with use of 1000 kWh or more a month will see reductions of two to four percent on their monthly electric bills. This reduction resulted from several factors that provided alternatives to building new plants at higher costs as well as additional measures taken by Mid-Carolina. 

 

“At a time when the economic climate is causing our members to closely manage their monthly expenses, Mid-Carolina Electric continues to work hard in keeping the lowest price possible for our members,” said Cooperative CEO Jack F. Wolfe, Jr. 

 

According to the senior consultant for GDS Associates in Atlanta, who conducted the study, this was the most comprehensive and detailed analysis ever conducted by the firm.

 

The Cooperative’s Board of Trustees has approved the new rate structure to become effective November 1, 2010. Detailed information about the rate changes can be found in the Service Rules and Regulations Manual. (Follow the my HOME tab, then Customer Service)