Egyptian Electric Cooperative Association Members Warned of Rate Hike
Posted on Aug 1, 2011 in Project Development, Rates | Comments Off on Egyptian Electric Cooperative Association Members Warned of Rate Hike
At the annual meeting last Thursday, Illinois-based Egyptian Electric Cooperative Association Board President Paul Pyatt and Executive Vice President/General Manager Jim Riddle explained that a rate increase likely would occur when Prairie State Energy Campus comes online. The new energy campus will help provide energy for a load that Pyatt and Riddle say has almost doubled in the last 25 years. Although the exact amount of the rate increase is not clear, Riddle told members that current projections show an increase of about 15-17 percent in 2012 over 2011 rates and then back down to about 12-14 percent in 2013 over 2011 rates. The coop has not increased rates since 2008. See the full article here.
