Minnesota Coop Members to Choose Method of Rate Increase
Posted on Apr 17, 2012 in Corporate Governance, Rates | Comments Off on Minnesota Coop Members to Choose Method of Rate Increase
Lake Country Power Cooperative, the electricity supplier for much of rural northeastern Minnesota, is asking its members to vote on how rates should increase to cover a projected $1.5 million shortfall. Unlike other coops in the area, Lake Country Power’s 48,500 customers are often located far off of the main lines. The coop serves an average of only six consumers per mile of line. Lake Country Power will hold several information meetings for members prior to mailing a ballot, which will contain three rate increase options. The Duluth News Tribune has more here.
