Sponsored content: ICL&P adopts smallest rate increase in co-op’s history

If you attended your annual meeting on Nov. 2, you heard a lot of information about your cooperative, including an upcoming rate increase this Jan. 1. It’s never easy to raise rates, because our members are our owners, but costs continue to increase. We work diligently to make sure that you receive safe, affordable and reliable power at cost. This, after all, is the cooperative way.

Into the details. The overall rate increase will be 3.4 percent, and our average residential members that use between 1,000 and 1,500 kilowatt-hours per month will see approximately a 2.2 percent difference in their monthly bills, or about $2.50 per month. This rate increase is necessary to adjust for the rise in our wholesale power costs. The Bonneville Power Administration raised their rates by 5.1 percent on Oct. 1. While we were able to absorb a lot of cost and not pass it on to our members, this rate increase is necessary to maintain the health of your cooperative.

ICL&P is committed to delivering reliable power and providing quality customer service at the lowest possible cost. Since we are a not-for-profit local cooperative, we serve Main Street, not Wall Street, and we are proud of that. Our rate sheet is available online at www.iclp.coop. If you have any additional questions, please give us a call.

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