Aug. 7, 2013 —
Other electric cooperatives facing similar problems either eliminated or reduced wage and salary increases, the PSC said.
Grayson RECC should improve its financial condition before considering any further wage or salary increases, the PSC said in its order.
In addition to granting the rate increase, the PSC also allowed Grayson RECC to establish a voluntary pre-paid metering program similar to that offered by several other electric cooperatives in Kentucky.
The program allows customers to pay in advance for service and to replenish the account as needed.
Pre-paid service customers will pay a $10 monthly program administrative fee in addition to the monthly customer charge and cost of electricity, but are not required to pay a deposit and do not incur fees for late payments or reconnection if service is discontinued.
The PSC noted that Grayson RECC, in conjunction with EKPC, offers its customers demand-side management (DSM) programs designed to improve energy efficiency.