As a Member-Owner of S.I.E.C., you tell us how much you owe!

Because we're a "cooperative", we operate a little differently than larger investor-owned and municipal utilities. We work hard to keep our costs to you, our owners, as low as possible, yet offer reliable electrical service. Reading Meter

We Have optional Payment Plans!

If you would like to know how much your monthly electric bill is going to be, we can offer you a 12 month budget plan whereby you pay the same amount for 11 months and on the 12th month, you catch-up to actual, plus or minus. On the 12th month, we'll give you credit for the next 12-month estimate if you're ahead, or we'll settle up this balance and then compute your new monthly budget payment for the next period. At anytime, you can ask to leave our budget plan receiving any applicable credit or paying any applicable balance.

That's right, you don't have to take the time to send us a payment each month! Some members are just too busy and want alternatives. With our "EFT" plan, we'll simply bank-draft your monthly electric bill for you and send you a statement of our having done so. Please also keep in mind that you can see your bill on our website anytime you wish. It's as simple as it sounds!

How Do Our Rates Compare?

We think they compare very favorably! Keep in mind we're a small potato compared to some of those large "investor-owned utilities" (IOUs), but we think that is what makes us better! You can come into our office, meet with our CEO and Management Staff directly. Just so you can decide for yourself, here are some of the rates, briefly stated, the majority of our member-owners are on:

Farm and Home Service:

Available for all residential and farm uses on single phase, 60 cycle service at secondary voltages. Subject to established rules and regulations of the seller. Monthly rate consists of a customer charge of $29.25 plus 13.751 cents per KWh for the first 500 KWh and 8.898 cents per KWh for all KWh over 500. Any applicable wholesale power cost adjustment, state and local taxes are added, of course.

All Electric Residential Service:

Available for all residential uses when the primary heat source is electric and the service is single phase, 60 cycle service at secondary voltages. Subject to established rules and regulations of the seller and the special conditions of this schedule. Monthly rate consists of a customer charge of $29.25 plus 13.751 cents per kWh for the first 500 kWh, 8.898 cents per kWh for the next 1,000 kWh and 8.496 cents for all kWh over 1,500. Any applicable wholesale power cost adjustment, state and local taxes are added, of course.

Commercial Service, 50 KW or Less:

Available to all commercial and small power, farm and home using single phase or three phase service and the kW demand is less than 50 kW. Subject to established rules and regulations of the seller. Monthly rate consists of a customer charge of $59.20 plus 14.221 cents per kWh for the first 1,000 kWh, 9.361 cents per kWh for the next 2,000 kWh and 8.111 cents per kWh for all kWh over 3,000. Any applicable wholesale power cost adjustment, state and local taxes are added, of course.

Large Power Service:

Available to all members for all types of usage located on or near our three phase lines. Subject to established rules and regulations of the seller. Monthly rate consists of $14.65 demand charge per kW of billing demand plus energy charges of 6.226 cents per kWh for the first 100 hours per kW, 5.216 cents per kWh for the next 100 hours per kW and 4.856 cents per kWh for all over 200 hours per kW. The billing demand shall be the maximum kilowatt demand established by the member for any 15 minute period during the month. Additional fuel cost adjustment equal to adjustment received by us per kWh from supplier. Any applicable wholesale power cost adjustment, state and local taxes are added, of course.

SECURITY LIGHTING:

Our security lighting can depend on what is required to be provided by the Cooperative, but if you have a security light installed on an existing Cooperative electric pole, the monthly rental charge is $10.80 for a 175 watt light.

You share in our success - Capital Credits!

As part owner of your cooperative, you share in our economic well being! Because we're a not-for-profit cooperative, if any revenue remains after yearly costs have been subtracted, it is ultimately returned to our member-owners through the "capital credit" system. Remaining revenue is called "margins" and over a period of years, these equity funds take the place of borrowed capital. Capital credits are allocated in proportion to the amount of electricity purchased and represent a member's share of equity in ownership of S.I.E.C.. As the financial condition of the Cooperative permits, these capital credits are refunded to members. By allowing the Cooperative to use these funds for a 20 to 25 year period, we are able to prolong borrowing of funds from our bankers and save you money on the interest we would have to pay them. Upon the unfortunate death of a member and at the request of the executor, capital credits, on a discounted basis, can be paid to the deceased estate. Capital credits will be paid to the member's last known mailing address so it is important that you keep S.I.E.C. informed of any address changes, even if you completely leave our electric services. Although you may not be a member today, you will still have capital credits coming from previous years!

To-date, the Cooperative has refunded over $4,153,135 in capital credits!

We are once again retiring capital credits to estates. If you think you may be qualified or have questions, please give us a call or send us an email.