Welcome to K.C. Electric Association

AGENDA

Thursday, May 23, 2023 4:00 P.M.

422 3rd. Avenue, Hugo, CO. 80821

Beginning September 1, 2017-- K.C. Electric will no longer take credit card or check payments over the phone. 

Consumers Beware!

Scammers have been phoning members in K.C. Electric territory, threatening to disconnect their service if they don't give a credit card for payment. K.C. will never call you in this manner! Be smart and hang up. Call one of our offices and report this!

K.C. Electric Association and our neighboring electric cooperatives have been experiencing copper theft and vandalism in our substations.  Copper theft and equipment vandalism is a crime and poses great danger not only to those stealing, but also to K.C. employees, and the general public.

We are asking you to report any suspicious activity near our substations or other electrical equipment.  Only authorized personnel are allowed within our facilities.  If you see suspicious activity or unmarked vehicles lurking around any of K.C.’s substations please contact local law enforcement.

K.C. Electric will pay a reward for information leading to the arrest and conviction of any person or persons causing substantial damage or committing acts of vandalism which cause substantial damage to K.C. Electric’s property and/or electrical equipment.

Thank you for helping K.C. to continue our mission of providing safe and reliable electricity to our membership.

K.C. Electric Association retires capital credits, issues a bill credit, and announces NO rate increase for 2023.
_{Recently, K.C. Electric’s Board of Directors approved the retirement of capital credits, approved a December bill credit, and announced that our electric rates will not be increased in 2023.
In October, the K.C. Electric Board of Directors approved a general retirement of over $1.2 million in capital credits to our member-owners, in addition K.C. Electric has retired capital credits in excess of $75,000 to estates in 2022 for a total capital credit retirement of over $1.29 million. If you were a member-owner of K.C. Electric in 2000, 2001, or 2004 you will receive a check in December. K.C. Electric was formed in 1946 and has returned over $25 million to our member-owners since we began providing electric service, and over the past five years has retired in excess of $7 million in capital credits.
As a cooperative, K.C. Electric operates as an at-cost consumer-owned organization and any margins are credited to cooperative members each year based on how much electricity they purchased. These funds are called capital credits and are used to help meet the expenses of the cooperative such as new equipment to serve members and paying debt. Capital credits help keep rates at an affordable level by reducing the amount of funds that must be borrowed to grow and maintain our electric system.
Paying capital credits to our members is one of the many benefits that make electric cooperatives unique and differentiates us from investor-owned and municipal utilities.
Our power supplier, Tri-State Generation and Transmission lowered the wholesale rate they charge us for electricity by 2% on March 1, 2021, and an additional 2% on March 1, 2022. The K.C. Board of Director’s recently approved a staff recommendation to pass this savings onto you, our member-owners. When you receive your December bill, you will see a credit applied to each of your accounts that reflects this 4% wholesale rate reduction. K.C. board and employees continue to make every effort possible to keep our costs down even with the current level of inflation and supply chain issues affecting our industry. K.C. also issued a 2% bill credit in December 2021 but future credits may not be possible if costs continue to increase. If you have any questions regarding your bill credit, please call the Hugo or Stratton office.}