Rate adjustment takes effect Oct. 1
Posted Aug. 25, 2017
It’s been a hot, stormy summer, with high winds taking down trees even outside our rights-of-way, which has resulted in intermittent outages in some of our service areas.
We know these outages have caused inconveniences, and we apologize for that. Safe, quality service at the lowest possible cost is always our number one priority as your not-for-profit electric cooperative.
One of the ways we’re working toward better service reliability is by partnering with American Electric Power and Buckeye Power, our power provider, on transmission equipment upgrades. It’s a multi-year project that will improve service reliability for all of Washington Electric’s members. However, in order to make the improvements necessary for AEP’s upgraded equipment, investments in Washington Electric’s equipment will also have to be made.
In so doing, and in an effort to shore up the financial health of your cooperative, members will notice a 3.74 percent rate adjustment beginning in October. That would be about $4 additional per month on the average residential electric bill. While the boost is modest, it will help to provide peace of mind that the lights stay on, the air conditioning kicks in, the heat fires up, the turkey gets cooked on Thanksgiving, and the Christmas tree continues to light up the holiday season.
The investments needed to accommodate AEP’s upgraded transmission lines will include four new WEC substations to replace the ones at South Olive, Rinard Mills, Dart, and Marietta. The revitalization of the line will improve service, reduce power interruptions, and increase recovery speed when outages occur. The project is scheduled to begin construction in spring 2018 and conclude in summer 2021.
Thank you for your patience and support.
To learn more about the transmission upgrades, please visit the Southeastern Ohio Area Improvement Project page.