March 24, 2018

Fall River Electric Coop Considering Rate Hike

buffalo-damThe economic hard times our country is facing haven’t spared Island Park. Fall River Electric Coop has seen a decrease in revenues as well. For example, this year Fall River has only connected 75 new homes. Contrast that with the 472 they did in 2007 and you can see the magnitude of the problem. For that reason, the coop has started with their first round of layoffs.

But layoffs may not be enough. Fall River says they will have to raise rates by early next year even with the significant budget cuts they are currently making. But before you get out your pitchfork and head for Fall River headquarters, keep in mind that we’re only paying 6.5 cents per kilowatt hour up here (compared to a national average of around 11 cents.

As talks continue and things progress, we’ll keep you informed. This is an issue that affects all of us — both those who live here (directly) and those just passing through (indirectly.) One thing is certain: our electric cooperative will work to make things fair and right. They have never taken advantage of anyone and are unlikely to do so for the foreseeable future. But we’ll keep a close on on this one nonetheless.


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