BLUEBONNET ELECTRIC LOWERING RATES FOR SECOND TIME IN TEN MONTHS

  

Members of Bluebonnet Electric Cooperative will soon benefit from a second rate reduction in the past ten months.

A rate reduction beginning with electric bills mailed in October will save Bluebonnet members $3.4 million annually.  Coupled with a rate reduction last December, Bluebonnet has reduced its electric rate 4 percent in the last ten months, saving co-op members $9 million annually.

In addition to the rate reductions, Bluebonnet announced it returned $6.7 million in capital credits in 2020, a record amount.

Capital credits are excess revenue above what it takes to run the co-op.  When determining how much to return to members, Bluebonnet’s board of directors considers the impact the amount will have on electric rates and the co-op’s financial strength.

Bluebonnet General Manager Matt Bentke said the co-op has the financial capacity to reduce rates and give back to members “through a lot of hard work by Bluebonnet’s employees and decisions by the co-op’s directors”.

Bluebonnet Board Chairman Ben Flencher said the rate reductions and capital credit returns are “wonderful achievements that will greatly benefit our members and the communities we serve”.

For more information, visit www.bluebonnet.coop/mybluebonnet, or call 800-842-7708, Monday through Friday, 7:30 a.m. to 5:30 p.m.