Power rate hikes to be incremental

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LibbyMt.com > News > March 2013 > Power rate hikes to be incremental

Power rate hikes to be incremental
Flathead Electric to implement an average 3.75% annual rate increase across all rate classes as of June 1st
by Duane Williams, KLCB-KTNY Radio
March 27, 2013
Although a significant wholesale power rate increase has been imposed on the Co-op, the Board of Trustees for Flathead Electric elected not to hike the retail rates at a comparable level. Instead, rates will be adjusted incrementally, over time. Trustees feel that spreading expenses out will help smooth the transition into higher power costs, as many people struggle to pay their bills during this unstable time in our economy.

Flathead Electric will be implementing an average annualized rate increase of 3.75% across all rate classes as a result of increased wholesale power costs. The majority of residential members will experience an increase of less than $4.75 per month. The increase will affect two aspects of your bill; the monthly Basic Charge that helps cover the Cooperative’s minimum fixed costs and the Energy Charge for the amount of energy consumed. A residential member of Flathead Electric Cooperative using 1,000 kWh per month, will now pay $84.52 rather than $80.14 under the old rate. Bills issued after June 1, 2013 will reflect the new rates, which will include energy usage from May.
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By Duane Williams, KLCB-KTNY Radio, e-mail: klcb@frontiernet.net, www.klcb-ktny.com.

LibbyMt.com > News > March 2013 > Power rate hikes to be incremental

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