“Your elected board governs, studies and has established, that unstable short-term savings are not wise, but to embrace a long-term stable path for electric delivery and rates,” said Coleman. “It may be slightly higher relative to short term offers in the near term, but we believe it will be the best strategy overall for you and future members.”
On the topic of Patronage Capitol Credits, Coleman said, “In the past several years the board has made an aggressive effort to return as much of that patronage as possible, while maintaining the company’s equity and stability.” He was pleased to announce that the cooperative has returned more money back to the members than any other cooperative in the state. The money the cooperative receives from the membership that is over the cost to do business, is considered patronage, and is allocated back to the members as directed by the board. Capital credits retired through May 31 totaled $5,817,214.91.
Members were told to mark their calendars for July 20 when a Power of Green customer appreciation day will be held at the East Route 16 location. Coleman also reminded members that the co-op moved their PWR-net customer service representatives to the main cooperative office, but the Power of Green recycling will continue to be open at its current location. As of May 31, Power of Green had collected 366,470 pounds of recyclable materials.
The cooperative also announced that Mallory Jefson, a graduate of Shelbyville High School, Jared Beeson, a graduate of Pana High School and Taylor Damery a graduate of Meridian High School were the three scholarship winners. Each student received a $1,000 scholarship from Shelby Electric Cooperative.
Shelby Electric Cooperative is a member of Touchstone Energy — an alliance of more than 740 local, consumer-owned electric utilities around the country. Shelby Electric is committed to providing superior service based on four core principles: integrity, accountability, innovation and commitment to community. The co-op serves more than 9,971 meters over 2,187 miles of line in parts of Christian, Cumberland, Effingham, Fayette, Macon, Montgomery, Moultrie, Sangamon and Shelby counties. For more information visit www.shelbyelectric.coop. Like our facebook page by visiting www.facebook.com/YourCoop.