Co-op member-consumers may be hearing radio and television advertising concerning electric utility deregulation. The advertising is directed at consumers of investor-owned utilities, not electric co-ops.
Our co-op board of directors has decided to wait and see how well deregulation works before committing to the experiment. The estimated cost to opt in is between $348,000 and $648,000 per year. If we opted in our customers would have to absorb these cost.
State law required investor-owned utilities to enter the competitive market on January 1, 2002.