Kenergy is continuing its long-standing practice of retiring capital credits to its members. In June, Kenergy will return $4 million to its membership. The credit amount represents 85 percent of net margins allocated in 2014. You may ask: What is a capital credit retirement? Let us explain. Electric cooperatives aren’t like other utilities. First, they operate on a not-for-profit basis, which means Kenergy operates at cost. It collects only enough…

Some of our members have received a survey in the mail asking about appliances and household characteristics. Unfortunately, the vendor responsible for printing and mailing the survey omitted the business reply envelope in the surveys sent before February 13th. If you received a survey without a return envelope, you may disregard the survey, and you are eligible for one of two $250 prizes at the vendor’s expense. You will be…

Each year, Kenergy selects six high school juniors for the Washington Youth Tour. These delegates tour Washington, D.C., monuments, meet with members of Congress, attend the changing of the guard at the Tomb of the Unknown and visit the Smithsonian, among other activities. A team of Kenergy-area judges select students based primarily on a 1,000-word essay on the subject of their choice. This year’s winners are:

What do you mean by billing gap? At Kenergy, member-owners’ monthly bills are not paid to date. The co-op’s billing system lags behind approximately two months. This means Kenergy’s entire membership has used about a month’s worth of electricity it has not been billed for yet.  How did this gap occur? In the past, when a member signed up for service, Kenergy took a meter reading to begin the new…

Several factors pushed up average January 2017 bills about 60 percent or higher, as compared to the prior year. Those factors were members’ higher usage, loss of the reserve fund credit, billing gap recovery and a small rate increase. Weather extremes affect energy bills more than any other single factor. Higher usage due to colder temperatures accounted for about 30 percent of the year-over-year increase. According to regional National Weather Service…

At its regularly scheduled meeting on Wednesday, Dec. 14, the Kenergy Board of Directors elected a new chairman. Larry Elder will replace Steve Henry, who recently resigned from his seat on the board. Henry told fellow directors last month he had accepted a new position with Domtar that requires him to move to another state.

The Kentucky Public Service Commission (PSC), in accordance with revisions made to KRS 278.460 in 2012, has calculated the annual interest rate to be paid on member deposits for the upcoming year. The statute requires the PSC to calculate the interest rate to be paid on an annual basis by averaging the one-year constant maturity treasury rate from September, October and November of each year. Using data from September, October…

Prior to Kenergy’s 2017 Annual Membership meeting on June 13, individuals will be elected to represent Districts 4, 6, 8 and 9, as well as the cooperative’s large industrial members.

HENDERSON, Ky. — September has been a red-letter month for Kenergy. The co-op successfully completed the installation of a state-of-the-art meter system. The project required months of research, new skills training and changing more than 56,000 meters in the 14 counties Kenergy serves. The end of this project means our member-owners will no longer report monthly meter readings. Thanks to the new metering system, Kenergy can read meters remotely. Kenergy…

This story ran in the August 2016 member newsletter titled Member Matters, which is included in monthly bill statements.  An earlier version also ran in the January member newsletter. Reserve funds that have fully offset the 2014 rate increase for residential members are expected to phase out in coming months, beginning in October. Members have received this credit on their bills since Feb. 1, 2014, when the Kentucky Public Service…