No rate increase for Putnam Paulding Electric


First Posted: 1/6/2015

PAULDING — There will be no rate increase planned for Paulding Putnam Electric Co-Op in 2015.

At the November board of trustees meeting, the management team presented the 2015 operating budget.

The budget covered all areas of cooperative operations including developing a budget for a company with $80 million in assets and more than $30 million in annual revenues.

The board determined that no rate increase was necessary for 2015.

The board also recently approved $1 million in capital credits for 2014 and it’s budgeted for 2015 to again approve $1 million in capital credits.

For information, visit http://bit.ly/1xOyS7I.

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