Fall River Electric customers get a rebate

Over 14,000 owner-members of the Fall River Electric Cooperative are getting money back this month.

The cooperative issued its first-ever rebate to customers who received power from the utility last year. The cooperative experienced an exception financial year, which prompted its Board of Directors to issue a rebate.

According to Fall River Electric’s CEO/General Manager Bryan Case, “Because we manage the amount of revenue we need to operate the Cooperative very closely and operate our business as a nonprofit, we are able to offer this unique benefit to our owner-members.” Case said there were several factors that resulted in this rebate being possible, “Our effort to control and reduce expenses and improve the Cooperative’s equity ratio to an all-time high of 38% coupled with colder weather last winter that resulted in revenues being collected above our projections and our hydroelectric facilities producing record amounts of energy made this rebate financially feasible.”

The amount of rebates customers will see will vary abased on the amount of energy they used in 2017. Smaller rebates are being credited to member accounts. Most owner-members were issued checks.