The ballots are in the mail. Yours may come today or tomorrow.
NOW IS THE TIME TO TAKE ACTION AND VOTE!
This is a critical election. This year the destiny of PEC is in your hands. Our opposition is promising lower rates and there’s nothing new about that. But their proposed path to lower rates is immediate deregulation or “customer choice”.
This essentially is a high risk route to dissolve PEC and hand members over to profit-hungry Retail Energy Providers (REP). Under this plan, you have to find your own energy.
REPs are businesses skilled at deceptive and confusing sales tactics. Their goal is to maximize long-term profits for their shareholders. PEC is non-profit and member-owned. Do not hand over your co-op and your interest to big businesses who do not put you first.
Going into a competitive retail electric market in PEC service territory is NOT A SOLUTION to lower rates. The single co-op that has entered into “choice” now has higher rates ($144 for 1000kWh) when compared to PEC at ($116.20).
“Choice” HAS NOT WORKED THUS FAR in rural territories… but Co-ops do. That is the reason why PEC was formed in the first place.
Moving to “choice” would be sacrificing long-term stable and competitive PEC retail prices under our LCRA contract. Electric rates in a competitive market are subject to extreme volatility as they are connected to the rise and fall of natural gas. Natural gas prices WILL rise. At such time, members will appreciate the stability that our wholesale power agreement provides.
Our contract also allows us to purchase on the competitive market and we already use that feature when pricing is advantageous. We do not have all of our eggs in one energy basket and are working to diversify further .
TRANSFORMATION IS WORKING WELL FOR ALL OF US. TOGETHER, WE HAVE COME FAR.LET’S NOT MESS WITH SUCCESS AND KEEP IT UP THE GOOD WORK.
- We have lowered rates three times since 2014—our rates are now 9% lower than they were 10 years ago!
- More than $68 million in capital credits have been paid back to our members.
- PEC rates are slightly lower than the “average” residential rate according to Public Utility Commission, January 2015 data. But we want to lower our rates more, while not sacrificing reliability or safety or customer service. We are focused on achieving that soon.
PEC is a source of pride to our members and a role model for other electric cooperatives across the country. Let’s keep our co-op autonomous!
THANK YOU FOR YOUR SUPPORT AND CONTINUED TRUST. TODAY, RE-ELECT CRISTI CLEMENT AS PEC DISTRICT 1 DIRECTOR.