Utility to refund excess revenue
Last updated 2/13/2023 at 4:28pm
RITZVILLE — Big Bend Electric Cooperative in Franklin and Adams counties will be receiving a refund.
The utility’s trustees recently approved the refund of nearly $2.1 million to electric ratepayers who purchased power in 2002, 2003 and 2021.
“When more revenue is collected than what is needed to cover operating expenses, the cooperative allocates the difference to consumers as ‘capital credits’ for return to consumers in future years,” Big Bend CEO Yvette Armstrong said.
“Big Bend first uses this capital for investment in system improvements and to purchase necessary equipmen...