As a member of Coastal Electric Cooperative, 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 facility charge is a monthly investment that helps your co-op cover the expenses of maintaining the overall electric system. Combatting cyber security threats and maintaining poles, wires, substations and co-op equipment takes strategic planning and significant resources. The facility charge essentially ensures that all equipment operates properly and staff is trained and ready so the lights turn on when you need them.
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 facility 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 Coastal Electric?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.
by: Anne Prince