Despite a rate increase for wholesale power, customers of Fall River Electric will be enjoying a decrease in their residential rates. Effective October 1st, the Bonneville Power Administration implemented rate increases for both wholesale power and transmission costs to 143 Pacific Northwest electric utility companies including Fall River Electric Cooperative. BPA is the primary source for Fall River’s wholesale power. After careful consideration, the nine-member elected board of Fall River Electric determined that the Cooperative could absorb the rate increases. This action by the board of Fall River Electric was possible due to the exceptional financial condition of the Cooperative. Not only did the board determine the Co-op could absorb the most recent BPA increase but they actually authorized a decrease in the kilowatt hour charge. For the average year-round residential member in Teton Valley and Alta, Wyoming, this rate adjustment will result in a slight decrease in their monthly bill depending on their power usage. These rate changes will go into effect on January 1st and be reflected on member statements in February.
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