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Capital credits refunds surpase $20 million to members

For the 32nd consecutive year, Lorain-Medina Rural Electric Cooperative's current and former members are receiving patronage capital credits refunds form their cooperative.

The cooperative's board of trustees approved a patronage capital credits refund of $1,281,641 at its November meeting. Including this year's refund, over $20.2 million has been returned to members since 1982.

Rate adjustment effective Jan. 1; Phase 3 of Time-of-Day program implemented

The Lorain-Medina Rural Electric Cooperative Board of Trustees revised the cooperative's rate schedule at its October meeting, approving a $2 per month increase in the Basic Service Charge and increased the Time-of-Day rate spread between on-peak and off-peak rates by one-half cent per kilowatt-hour (kWh).

Co-op halts large-capacity water heater sales

One of Lorain-Medina Rural Electric Cooperative's most popular, long-standing and successful load-management programs has taken a broadside hit from the U.S. Department of Energy (DOE).

Electric resistance water heaters greater than 55 gallons cannot meet the Department of Energy's new energy efficiency standards that go into effect in April 2015. Effective immediately, the cooperative will no longer sell large-capacity water heaters.


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