Dear Member:
On July 26, the Bonneville Power Administration (BPA) announced a 7.8% average wholesale power rate increase to become effective on October 1, 2011. BPA provides 100% of our wholesale power. The cost of power from BPA is by far the largest single cost we incur and accounts for over half of the amount you pay on your monthly electric bill.
The reasons BPA cites to justify its wholesale power increase include:
How the wholesale rate increase from BPA relates to the final retail rate to you, the members of Midstate Electric, is being evaluated. As part of the process, your Board of Directors has begun a rate study which looks at future cost of service, various rate designs and rates.
I assure you that through this process, your board of directors, management and employees are working together to lessen the impact of the BPA increase. As always, our goal is to provide you with safe, affordable, reliable power.
Bill A. Kopacz
General Manager