Sharing relevant business updates

Posted on Mar 30 2022 in Decatur County REMC
Brett Abplanalp

As we near the end of the first quarter of the year, I’d like to share some relevant business updates.

We continue to show great progress with our right-of-way program. In fact, based on our 2020 operations review, our five-year average lost consumer hours per member has dropped 17% with tree- related outages dropping by 67%. This correlates to our aggressive vegetation management program supported by the board-approved budget.

The blended interest rate is above the state’s median as our debt has been secured with fixed interest in the past and we have not borrowed new, low-interest money. Total controllable expenses are 17% under the state average while our equity as a percent of assets is 4.8% higher than the states average. These financials and the long-term debt plan require DCREMC to have an operating margin 40% higher than the state average. Additionally, our annual capital credits retired per total equity is in line with our peers, which means we are in a good place with our current capital credit retirement plan.

Additionally, our employees are developing projects as teams to accomplish goals identified in board-adopted strategic initiatives. Strategic plan focuses include: 

  • Providing differentiated value 
  • Internal and external system modernization
  • Managing risk for long-term sustainability
  • Safety

Finally, we remain committed to connecting and engaging with you so to sweeten the deal, we are offering a $25 bill credit to the first five members who call to schedule a member engagement meeting with me. Be among the first five to schedule by calling the office at 812-663-3391.

The future of this co-op and the unlimited potential for our communities is exciting and Decatur County REMC is proud to be your trusted resource for 84 years and counting