Important changes to your September billing statement

View Sample Billing Statement

(click to view)

View Full Press Release

Dear Meade County Rural Electric Cooperative Corp. Member,

We are pleased to report that you will continue to enjoy historically low rates for electricity now that a new operational model was approved in July, 2009 for our power supplier, Big Rivers Electric Corp. Had the new arrangement not been worked out, an immediate rate hike of some 15% would have been necessary to cover operational costs for Big Rivers’ electricity generation and transmission to our customers.

Big Rivers is owned by MCRECC and two other non-profit electric cooperatives. Its power plants had been operated for several years by a subsidiary of E.ON U.S. under a lease agreement that was to run until 2023, but everyone had been working for a number of years to “unwind” the arrangement and return control of the plants to Big Rivers. In July, the Kentucky Public Service Commission approved the complicated transaction, allowing the rate hike to be avoided and putting a number of factors in place to keep rates low long into the future.

MCRECC CEO Burns Mercer says, “This is an important day not only for MCRECC, but for all of western Kentucky. Decisions about power generation and how those facilities are managed now are back in the hands of people who live and work in this part of the state.”