WEC’s Community Fund supports a gazillion years of Naturalist Journeys at North Branch Nature Center in Montpelier For as long as anyone at North Branch Nature Center can remember, Washington Electric Co-op has sponsored the popular Naturalist Journeys program through regular donations from the member-supported Community Fund. “Thank you for the gazillion years of support. I think that’s the accurate …
Co-op Seeks Former Members for Capital Credit RefundsÂ
WEC has returned almost $10 million to members since 1998 When your electric cooperative takes in more money than it costs to run the utility, where does that money go? Have you ever noticed a credit on your November electric bill? As a member of an electric cooperative, excess revenue is returned to you and your fellow member-owners. That is …
Treasurer’s Report: Coventry production decrease, rising power costs drove 2022’s rate increase
FEMA assistance likely to help pay for Winter Storm Elliott costs By Don Douglas Washington Electric Cooperative works hard to provide the excellent service our members need and deserve. The COVID pandemic has been difficult on many levels for all of us. As we begin to transition into a post-pandemic world, the effects of it are still with us as we …
Co-op Seeks Former Members for Capital Credits Refunds
WEC returns $400,000 to membership in 2022 When for-profit utilities collect excess revenue, those profits enrich their shareholders. When cooperative utilities take in more revenue from their members than it costs to run the utility, they return that money to their members. Since 1998, WEC has returned approximately $9.5 million in capital credit refunds to Co-op members. This year, the …
Treasurer’s Report: Planning pays off
WEC budgeted accurately for 2021, despite higher purchased power bills due to decreased production at Coventry By Don Douglas Washington Electric Cooperative is committed to providing the excellent service our members expect and deserve. The catastrophic pandemic is still with us as we attempt to learn to live with the virus that has caused so many disruptions to our lives. …