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|currents


What's The PCA on My Bill? Power cost adjustment explained


I


f you're wondering about the


PCA fee on your monthly electric bill, you're not alone. Many co-op members wonder


the same thing and who can blame them. When the PCA increases, so does their electric bill.


PCA is the short name for the power cost adjustment expense. Every penny collected from the PCA goes to Choctaw Electric's power supplier to pay for wholesale power from the generating plant and the cost to transmit that power to CEC substations. When the cost of wholesale power and transmission services increase, this cost is shared among all members in the form of the power cost adjustment.


Everyone including your co-op would love it if wholesale power costs were as predictable as night and day. Unfortunately, these costs fluctuate in the same manner as bread, milk, and nearly every other product we buy. Many factors affect the cost of wholesale power including the price of coal, natural gas, and other generating fuels. Charges to deliver coal or gas to the power plant, transmission costs to deliver power to substations, and upgrades and maintenance to power plant equipment also play a role.


The Oklahoma Corporation Commission initiated the power cost adjustment to prevent utilities from having to make unnecessary rate increases based on the fluctuating price of natural gas or other generating fuels. Sharing the cost among all members prevents co-ops from having to estimate rates based on what might or might not happen in the future.


No Deposit. No Late Fees. Prepaid billing puts you in control.


With prepaid, you pay ahead for your power based on what you can afford. ($25 minimum to start.)* Alerts tell you when your account is nearing empty•


You decide when and how much to pay. Pay by phone, online, in person, or use one of our 24-hour PaySite kiosks, cash or credit card accepted.


prepaid advantage. Please call us for details. 800-780-6486


■ Energy Efficiency Loans. CEC loans can help you afford a new, more efficient appliance. We also offer loans for energy saving upgrades such as insulation, caulking, windows, and more. Find more details online at www. choctawelectric.coop.


Find out why members appreciate the


FIND IT ONLINE


NOTICE OF PATRONAGE ALLOCATION This Notice of Patronage Allocation is issued in accordance with the Bylaws of Choctaw Electric Cooperative, Inc.


After reviewing the 2016 year-end financial statements, CEC allocated $1,934,360.61 in excess margins. Margins are calculated each year by subtracting total operating expenses from total operating revenues. These margins are allocated to members’ capital account based on the total kilowatt-hours (kwh) of electricity purchased from the cooperative during 2016. This allocated patronage capital is combined with total patronage capital that has not been retired (paid) and provides working capital for the cooperative. Members can determine their amount of this allocation by multiplying the allocation factor of 0.0043724153 by their kwh purchased from the cooperative in 2016. The amount of a specific allocation is available from the cooperative upon member request. Refund of this amount, in full or in part, at any time, shall be based on the decision of the Board of Trustees that the financial condition of the cooperative shall not be impaired by making such refund.


If you have any questions concerning this allocation, please contact the cooperative at 800-780-6486.


CEC Inside Your Co-op | OCTOBER 2017 | 3


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