As many prepare for the impact of Hurricane Matthew, many cooperatives, like Pennyrile Electric, are gearing up to assist in restoring power to those affected. This morning, five Pennyrile Electric linemen left for Tallahassee, FL, where they will be staged until the storm has moved through.
In September, TVA announced a 1.5% wholesale electric increase to their 154 power distributors. According to TVA, the decision came after considering current and anticipated conditions and costs affecting TVA’s operations – as well as the adequacy of revenues from wholesale and other power customers to recover those expected costs and to meet the requirements of TVA’s bond resolutions and the TVA Act. The increase will be a straight pass through to Pennyrile Electric members resulting in an approximate $1.50 increase on residential electric bills.
Touchstone Energy® Cooperatives is a national network of electric cooperatives across 46 states that provides resources and leverages partnerships to help member cooperatives and their employees better engage and serve their members. By working together, Touchstone Energy cooperatives stand as a source of power and information to their 32 million member-owners every day.