Planned Summer PCA Rate Increase Cancelled
The Board of Directors voted at their April 20th meeting to cancel the scheduled summer power cost adjustment (PCA) increase. The summer PCA, scheduled to increase to 2.0 cents/kWh for electricity used in the months of June, July and August, will continue at the current rate of 1.5 cents/kWh.
The Board decision to eliminate the summer PCA increase is primarily due to revenue exceeding budget projections for the first quarter of 2018. Electricity sales were higher than anticipated due to the colder weather we experienced.
The Board of Directors and management team of Crow Wing Power are always looking out for your best interest. As a not-for-profit entity, we continually monitor the financial status of your Cooperative to ensure that we are not collecting more revenue than required. Our motto is to always provide the most reliable power at the least possible cost to our members.