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Statement On Rate Information Feb 26, 2021

We know you are concerned about your electric bill. Golden Spread Electric Cooperative, our wholesale power provider, incurred high energy prices during winter storm Uri last week. While we are continuing to tally the expense and seeking all avenues of reimbursement, it is expected that our expenses will exceed the total power costs Golden Spread incurred last year.

Golden Spread’s Board of Directors will decide how to spread these costs over time to ease the burden on you, the Member. In the meantime, the Board of Directors has frozen the energy rates Golden Spread will charge for the month of February. This means that your rates from us, your local cooperative, will not yet reflect the cost of the storm.

If you have questions or concerns about your current electric bill, please call our office during normal business hours. Thank you for your patience and understanding.

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