A successful year can be measured in many ways, from providing safe, reliable electric service to maintaining the infrastructure our communities depend on every day. Just as important, however, is how well we serve our members and uphold the cooperative principles that guide our decisions.

Unlike investor-owned utilities that return profits to shareholders, our cooperative is owned by the members we serve. As a non-profit organization, our focus is delivering reliable electricity at the lowest responsible cost while maintaining the financial strength needed to serve our communities now and in the future.

This year provides a clear example of the cooperative difference in action.

Throughout the year, we carefully manage power supply costs to provide dependable service while controlling expenses. The Power Cost Adjustment (PCA), which appears as a line item on your monthly bill, allows us to account for fluctuations in wholesale power costs without incorporating those changes directly into base rates. When costs increase, we manage them responsibly. When collections exceed the amount needed to cover applicable power costs, we evaluate how best to return value to our members.

For 2026, we determined that more funds were collected through the PCA than were required for those expenses. In keeping with our cooperative philosophy, those funds will be returned to our members through a credit on your December electric bill. Each member’s credit will reflect their proportionate share of the amount being returned.

This bill credit is more than a financial adjustment. It demonstrates the value of cooperative membership and reflects our commitment to putting members first.

At the same time, we remain focused on the future by investing in infrastructure, technology, system reliability, and emergency preparedness. Sound financial management ensures we can meet today’s needs while maintaining a strong electric system for generations to come.

Thank you for the trust you place in us and for being part of the cooperative difference.