Coops Conduct Meeting to Prepare for Potential Merger
Posted on Jul 16, 2012 in Corporate Governance, Energy Savings Programs, Mergers/Acquisitions, Reliability | Comments Off on Coops Conduct Meeting to Prepare for Potential Merger
Western Illinois Electrical Cooperative (WIEC) and Adams Electric Cooperative are considering a merger that could lower power supply costs and shorten the duration of outages for members of both coops. At a June 28 meeting with WIEC coop members, managers from both coops discussed the benefits of a possible consolidation. The merger would ultimately be decided by a two-thirds vote of the quorum of members present at a meeting that would be scheduled for next spring. Click here for more details.
