ASHTON, Idaho — Fall River Electric plans to absorb Bonneville Power Administration’s rate increases.
According to a Fall River Electric press release, effective October 1, 2019, BPA implemented rate increases for both wholesale power and transmission costs to 143 Northwest electric utility companies including Fall River Electric Cooperative. BPA is the primary source for Fall River’s wholesale power.
After careful consideration, the nine-member elected board of Fall River Electric determined that the Cooperative could absorb BPA’s rate increases.
This action by the board of Fall River Electric was possible due to the exceptional financial condition of the Cooperative. Not only did the board determine the Co-op could absorb the most recent BPA increase but they actually authorized a decrease in the kilowatt hour charge. For the average year-round residential member, this rate adjustment will result in a slight decrease in their monthly bill; however, monthly costs do fluctuate depending upon the amount of power a member consumes.
These rate changes will go into effect on January 1, 2020 and be reflected on member statements in February.
“Over the course of the past ten years, due to the Cooperative’s aggressive efforts to control costs, the Co-op’s equity has increased from twenty six percent to over forty percent. This significant improvement makes it possible for the Cooperative to take the actions the board decided to implement in January,” said Fall River Electric CEO/General Manager Bryan Case.
The Bonneville Power Administration, headquartered in Portland, Oregon, is a nonprofit federal power marketer that sells wholesale electricity from 31 federal dams and one nuclear plant to 143 Northwest electric utilities, serving millions of consumers and businesses in Washington, Oregon, Idaho, western Montana and parts of California, Nevada, Utah and Wyoming. BPA delivers power via more than 15,000 miles of lines. BPA also funds one of the largest fish and wildlife programs in the nation, and, with its partners, pursues cost-effective energy savings and operational solutions that help maintain affordable, reliable and clean electric power for the Northwest.
Fall River is a customer-owned, nonprofit electric utility providing over 17,000 connections in portions of three states including Idaho, western Wyoming and southwest Montana. Fall River is committed to safely and economically provide reliable energy and other services which bring value to its members.
For more information visit, www.fallriverelectric.com.