From the Manager - January 2021
Happy New Year!
Your Clay Electric Co-operative family wishes you and yours the best this year. 2020 had more than its fair share of trials and hardships, but with grit and perseverance, we have come to this year with fresh eyes and renewed spirit.
Your cooperative is working hard to ensure that this year will continue a pattern of success in improving our services, our reliability and our value to our members. 2021 will see us finish the implementation of the advanced AMI metering upgrade. This needed upgrade will see us advance from an older system to one that has a technological backbone that will allow us to make use of real-time outage information to better respond to outages even before the member calls in. You should always report any outages, but our overall response times should go down dramatically. It should also nearly eliminate instances where sections of line are reenergized and the linemen return to the cooperative, only to find out there is one member on the line that is still out of power.
Last issue, we published our list of undeliverable capital credits. As a member of a cooperative, one of your benefits is the repayment of capital credits each year. Clay Electric Co-operative is a not-for-profit electric cooperative. Whenever we bring in more revenue than needed to fund the cooperative’s costs of doing business, the rest of the revenue is entered as margins for the year. These margins are repaid to the membership through capital credits. In 2021, Clay Electric Co-operative will repay margins earned from 1976 to 1978. This repayment will continue a pattern of repaying multiple years of capital credits each year to accelerate our repayments toward a 30-year cycle. Clay Electric Co-operative is dedicated to working in the best interest of our membership and ensuring that we use our member’s revenue to the betterment of the whole system.
As always, keep a lookout for your member number in the center section of this magazine. There are three member numbers hidden in Clay Electric News. If you find your number and give us a call, you win $5 off your next bill!