NHEC Sets Co-op Power and Transmission Rates for Upcoming Winter

PLYMOUTH, NH – New Hampshire Electric Cooperative (NHEC) rates for the upcoming winter period will increase 9.5% over current summer rates, but are down 1.7% from last winter’s rate.

The rate changes take effect with bills rendered on or after November 1 and are the result of adjustments to two portions of members’ bills: the Co-op Power Charge and the Regional Access Charge. The Co-op Power Charge reflects the cost NHEC pays to purchase electricity for its members from the wholesale market. The cost of this power is directly passed through to members who do not purchase electricity from a competitive supplier. The Regional Access Charge includes the transmission costs NHEC pays to deliver electricity to its distribution system. As with the Co-op Power Charge, the costs NHEC incurs from transmission companies are passed directly through to members.

For a residential member using 500 kilowatt-hours (kWh) of electricity per month, the winter rate changes will result in an overall bill increase of $9.43 (9.5%) per month when compared to summer rates.  However, the new winter rate is a decrease of $1.93 (1.7%) per month when compared to rates in effect last November. NHEC’s Delivery Charge rate and Member Service Charge portions of members’ bills are not changing, in line with NHEC’s stated goal of not increasing distribution charges in 2020. These two charges pay for NHEC’s operations and investments in the Co-op’s distribution system.

The increase in the Co-op Power Charge is primarily due to an annual pattern of higher energy costs in winter months in New England. During the winter, the demand for natural gas as a heating fuel increases. Since natural gas is used to generate much of the electricity in New England, the increased demand for natural gas to heat homes and businesses causes the price of electricity to increase. The increase in the Regional Access Charge is primarily due to continued investment and maintenance of high voltage electrical lines by the transmission companies that own them. The Regional Access Charge also includes a credit from revenue associated with the Regional Greenhouse Gas Initiative.

NHEC’s winter rates are in effect from November 1 to May 1. A complete list of NHEC rates and fees is available HERE

NHEC Members Approve Bylaw Amendments

PLYMOUTH, NH – Members of New Hampshire Electric Cooperative (NHEC) have approved amendments to the Co-op’s bylaws that will provide its Board of Directors with flexibility to consider all options on how to ensure its members have access to high speed internet service.

By a vote of 8,853 YES to 1,158 NO, the proposed bylaw changes were approved by 88.4% of members voting, exceeding the two-thirds majority required for passage. These bylaw changes give NHEC the ability to respond quickly and efficiently to federal, state, and local funding opportunities. The changes will also allow NHEC’s Board of Directors to enter into strategic partnerships and evaluate the best organizational structure to meet the goal of ensuring members have access to the broadband service they need.

“The members and communities NHEC serves need access to affordable, reliable, high speed internet,” said Tom Mongeon, Chair of NHEC’s Board of Directors. “Passage of these bylaw changes will allow the Board of Directors to fully evaluate all options and make the best decisions for our members. The level of participation in this election is a demonstration of our members’ interest in NHEC moving forward on broadband and a sign of the Co-op’s health. Just as it brought electricity to rural New Hampshire 80 years ago, NHEC is well positioned to provide high speed internet to these same areas of our state.”

NHEC’s Board of Directors has been evaluating various business models and funding opportunities over the past several months. Passage of these bylaw changes supports those efforts and will allow NHEC to take advantage of emerging opportunities and partnerships. For all the latest NHEC broadband news, visit www.nhec.com/broadband.

Special Meeting of Members 10/20/20 to Receive Election Results

OFFICIAL NOTICE

Meeting of New Hampshire Electric Cooperative, Inc. Members

10 A.M on Tuesday, October 20, 2020

New Hampshire Electric Cooperative’s (NHEC) Board of Directors have called a special meeting of the members for the purpose of receiving the results of the member vote on proposed bylaw amendments.

The special meeting will be held at 10 A.M. on Tuesday, October 20, 2020.  Given the current restrictions imposed by the coronavirus pandemic, this will be a virtual meeting with no physical location.  As was done with this year’s annual meeting, the special meeting will be held via Zoom Webinar.

CLICK HERE TO REGISTER TO ATTEND

Pursuant to NHEC’s bylaws, ballots were mailed to members in September. Members voted by mail or electronic ballot on whether NHEC’s bylaws should be amended to give the Co-op the ability to respond more quickly to emerging opportunities and also to give NHEC greater flexibility in the use of “controlled affiliates” in the exercise of its existing ability to facilitate or offer “other goods and services,” including broadband and/or telephone services, to its members.

No action will be taken at the meeting, other than the presentation of the voting results as required by the bylaws.  The agenda will be:

  1. Secretary’s report of a quorum
  2. Reading of the notice of meeting by the Secretary
  3. Presentation of results of the vote
  4. Adjournment

Voting Opens on Proposed NHEC Bylaw Amendments

PLYMOUTH, NH – Ballots are mailing today to members of New Hampshire Electric Cooperative (NHEC), who will decide if the company’s bylaws should be amended to make it easier for NHEC to provide access to broadband internet for its members.

Members have the option of returning a paper ballot, or voting securely online using the login codes provided in their paper ballot mailing. The deadline for returning ballots is October 14, 2020. The proposed amendments must be approved by a two-thirds majority of voters casting ballots.

The member vote marks a milestone in NHEC’s efforts to expand access to broadband internet to its members. The NHEC Board has explored ways it could help improve access to broadband internet for several years, but the COVID-19 pandemic has added urgency to those efforts. In response to NHEC members’ requests for help, the NHEC Board has voted unanimously to approve the proposed bylaw amendments.  The bylaw changes would allow the NHEC Board to move quickly and efficiently to pursue broadband opportunities.

A special meeting will be held at 10 A.M. on Tuesday, October 20, 2020 for members to receive the results of the vote.   Given the current restrictions on gatherings, the meeting will be held via Zoom Webinar. Registration and login information for NHEC members will be provided with the ballot and on NHEC’s website: www.nhec.com/broadband.