Rate Redesign Update
Sangre de Cristo Electric Association has been considering a rate redesign that would strengthen the overall financial stability of the cooperative. We had retained the services of a leading electric utilities consulting firm to review our current structure and propose modifications that the consulting firm believed would put the cooperative on better footing financially.
We have a duty to maintain the long-term viability of the organization, of course, but we also need to be mindful of the interests of all our members. Upon further review of the rate redesign the consulting firm suggested, we have rescinded the April 1, 2022 implementation of the rate redesign, and have asked the consultants to provide alternative rate redesign options that take our members’ concerns into consideration.
We expect to receive the alternative options sometime in late spring or early summer. Should we find the revised recommendations satisfactory, we will immediately inform our members of any changes. For now, the current rate structure remains in place and no changes will be implemented.
Paul A. Erickson
Chief Executive Officer