"To date, PEC's Boards have failed to fulfill their mission statement to provide its members with "low-cost energy . . . "
Note: Below the advisory from the PEC are emails from two PEC customers who would beg to differ that everything is peaches and cream at your power cooperative.
It's Election Time Again, yet Pedernales Electric Cooperative's Rates are Still No Bargain!
19 Apr 2012, 09:02
Despite two Board elections and a third on the horizon in the post Bennie-Fuelberg-era, PEC's rates – at 11.7 cents per kWh – are among the very highest in the state. Today, in the deregulated electric market in Texas, consumers pay as little as 5.9 cents.
With Customer Choice, consumers choose their electric provider, choose their price – 6 cents to 11 cents, choose their term and even choose renewable energy.
To date, PEC's Boards have failed to fulfill their mission statement to provide its members with "low-cost energy." An efficiently run tax exempt, non-profit electric cooperative, with access to cheap capital, should be able to provide its members with electric rates that are lower than those found in the deregulated electric market. But, it's not happening.
So, the captive members of PEC have to ask themselves the following question at some point in the very near future: What are the economic benefits of being a member of an electric cooperative in 2012? PEC's rates are essentially the same as before, and remain well above market levels.
The average folks simply cannot afford PEC's Bennie-Fuelberg-era level rates.
Member since 1990
Cost-effective rates must come from a responsible board of directors
21 April 2012, 3:58:09 PM CDT
What I do know is that the PEC's high electric rates are due in great part to PEC's excessive controllable expenses. A look at the PEC's most recent monthly Consolidated Income Statement shows the following: