Coop Offers First-Ever Rebate

All owner-members (customers) of Fall River Electric who received power in 2017 have been issued a first-ever rebate! As a nonprofit cooperative, Fall River manages the amount of revenue they need to operate the Cooperative very closely. Fall River Electric had a great financial year in 2017 and the Coop’s elected Board of Directors decided to rebate a portion of 2017’s margins back to its owners (YOU). Here are the primary reasons the board decided to provide this rebate:

  • Efforts to control and reduce expenses, increase operational efficiencies, and improve the Cooperative’s equity ratio, which is at an all-time high of 38%, were successful;
  • Fall River Electric’s hydroelectric facilities produced a record amount of energy due to a fantastic water year plus the recent addition of the Felt hydro plant. The Chester hydro plant also generated a record breaking amount of power in 2017;
  • Colder than normal January through March of 2017 weather resulted in higher kilowatt hour sales than projected.

The amount of each owner-member’s rebate was based on the amount of energy they used in 2017. Because Fall River Electric operates as a cooperative, owned by those it serves, they are able to provide owner-members with this unique benefit. Checks were mailed to members in March.

Fall River Electric Pays Out Over $1M to Customers

Fall River Electric Cooperative has mailed checks to over 6,000 of its owner-members (customers) totaling $1,023,143 under its patronage capital program. Because Fall River Electric operates as a nonprofit cooperative, it is in fact owned by the customers it serves which the co-op refers to as owner-members. When revenues collected by the co-op exceed operatingContinue Reading

No Rate Increase for 2018

Fall River Rural Electric Cooperative’s primary power supplier, the Bonneville Power Administration (BPA), announced earlier this year their intention to increase both wholesale power rates and transmission rates. Following several months of review, BPA issued their Final Record of Decision that it would be raising rates by 6.1 percent effective October 1, 2017. BPA saidContinue Reading

Hanson, Behrens & Burton Elected to Board of Directors

Fall River Electric’s annual meeting of members was conducted Saturday, June 24th at North Fremont High School in Ashton, ID and over one thousand members joined the Cooperative staff for breakfast and a record breaking number of members, nearly 2,000, cast ballots for board candidates. Jay Hanson and Ralph Burton were re-elected to their board positions from theContinue Reading

Consolidation With Lower Valley Placed On Hold

On Monday, October 17th, Fall River Electric’s Board of Directors met to continue discussions regarding a possible consolidation with Lower Valley Energy based in Wyoming. As has been previously reported, Fall River and Lower Valley Energy commissioned two consolidation studies, one done by CFC and another prepared by EES. Lower Valley authorized E3 to conductContinue Reading

Lineman College $2400 Scholarship Announced

Fall River Electric Cooperative’s Board of Directors has authorized a new scholarship intended to encourage a member or child of a member to become a utility lineman. This $2,400 scholarship is available to any lineman college chosen. Application for the 2017 lineman scholarship is now available. More information and an application form is available on this website byContinue Reading

Power Outage Info to be Shared on Facebook

The rise in popularity of social media is changing the way companies like Fall River Electric communicate with members during power outages. Now when a large-scale power outage occurs, Fall River Electric will communicate information about the outage via our Facebook page at www.facebook.com/FallRiverREC. Outage information will be posted to Facebook when the outage durationContinue Reading

EasyPay Now Available

Now you can pay for your energy use as-you-go, with the newest option from Fall River Electric Cooperative called EasyPay! Once you sign up for this new service (click here to apply EasyPay Agreement), each day Fall River Electric will deduct from your account balance the exact cost of the electrical energy you used yesterday,Continue Reading