The Mountain Sentinel

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July 21, 2014

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MEC Passes Budget with No Rate increase

In late June, the Mountain Electric Cooperative (MEC) Board of Trustees voted to pass the fiscal year 2015 budget with no rate increase for its co-op members for the seventh (7th) consecutive year.  The last MEC rate increase was in April 2008.  Keeping a rate increase out of the budget for the last seven years is an exceptional accomplishment. At a time when the cost of basic essentials, such as food, housing and gas, is going up across America, MEC is doing its part to keep electricity affordable.

“The Board of Trustees and employees of MEC work every day to achieve operating efficiencies to help keep costs low.  As a not-for-profit electric cooperative, our primary goal is to keep rates as low as possible while maximizing service in a cost-effective and reliable manner that our members can count on,” said General Manager, Joe Thacker.  “We continually look for ways to operate more efficiently and keep costs down. For example, our Automatic Meter Reading system, which required a large initial investment, has begun to pay off by reducing costs. Our AMR system has eliminated meter readers and has allowed for remote disconnection, connection and reading of meters. That means less payroll expense and less time spent traveling to meter locations – which mean increased savings to our members.”

“We invest in technology to improve reliability, operations and efficiency. We also live by the cooperative difference - as a cooperative, we are not driven by profits and making a return for shareholders. Rather, we are service-driven and operate at cost. Our focus is on keeping the business financially strong on behalf of all members, in order to continue to provide safe, reliable service at the lowest practical cost,” said Thacker.

MEC serves Johnson and Carter counties in Tennessee and Avery and Watauga counties in North Carolina. MEC is a member owned electric cooperative whose primary mission is to provide safe, reliable electric service at affordable prices. The cooperative was formed on April 1, 1941 by area farmers and residents. MEC distributes electricity, generated by the Tennessee Valley Authority, to over 33,500 residential and business consumers in a 700 square mile service area. Visit mountainelectric.com for more information.

 

 

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