A solid investment in your electric co-op

Posted on Feb 28 2017 in Steuben County REMC

As a member of Steuben 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 facilities charge is a monthly investment that helps your co-op cover the expenses of maintaining the overall electric system, as well as the initial capital investment. Combatting cyber security threats and maintaining poles, wires, substations and co-op equipment takes strategic planning and significant resources. The facilities charge essentially ensures that your co-op can purchase the proper equipment to meet our members’ needs, that all equipment operates properly and that 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 the operational costs should be spread fairly and equitably across all of our members, regardless of the level of electricity use. That is why every member pays the facilities charge each month to cover basic operational costs. All members 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 equal share in Steuben 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 Steuben County REMC’s rates, visit remcsteuben.com. There you will find our current rate structure under the “About Us” tab.