Regulators set co-op electric rates
For Northern Neck Electric
Cooperative.
The Associated Press
WFLS News
Date published: 1/14/2009
RICHMOND, Va. (AP) - The Virginia State Corporation Commission
has approved new rates for customers of Northern Neck Electric
Cooperative.
The regulatory commission approved the cooperative's base rate
for the first time since 1992. The adjustment provides an
additional $2 million in annual revenue, an increase of about 6
percent.
Additional revenue will be collected through a $16 monthly
access charge on residential, small commercial and church service
customers. That's up from $8.50.
The cooperative serves nearly 18,000 members in Stafford, King
George, Westmoreland, Richmond, Northumberland, and Lancaster
counties.
The changes are effective for services as of January 1, 2009.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Date published: 1/14/2009
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