A solid investment in your cooperative

Posted on May 08 2022 in LaGrange County REMC
Mark Leu

As a member and owner of LaGrange County REMC, you make an investment in the co-op every time you pay your bill. This collective investment in the co-op benefits you and the community immediately and over time. So what exactly is this monthly investment, and how do you benefit from it? 

The service charge is a monthly investment that helps your co-op cover the expenses of maintaining the overall electric system. Maintaining our physical assets such as poles, wires, substations, and co-op equipment along with protecting our software and digital assets from cyber security threats takes strategic planning and significant resources. The service charge essentially ensures that all equipment operates efficiently, safely and securely, and staff is trained and ready, so the lights turn on when you need them.

Regardless of how much electricity a particular family uses, the cost of delivering power to that house is the same. As a not-for-profit electric cooperative, we believe in (and have a legal obligation to) the fair and equitably spread of operational costs across all of our member rate classes, regardless of the level of electricity use. That is why every member pays a service charge each month to cover basic operational costs. All members in each rate class are charged the same amount for the cost of operation since all members benefit from the same service. In essence, this gives each co-op member an equitable share in LaGrange County REMC’s operation.

Your monthly investment ensures you have access to safe, reliable, and affordable power when you need it. We appreciate and value the investment that you make in the co-op each month, and we strive to use that investment wisely for the benefit of all members of our community. 

To learn more about the service charge, please visit https://www.lagrangeremc.com/rates-policies.