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CHEC announces rate increase...

CHEC announces rate increase...




For those who have a home on Hatteras Island (and maybe other places as well) Cape Hatteras Electrical Cooperative has just announced a 13.72% price increase effective May 2018.

Their rates were already more than double what I pay in Virginia!

Oh the joys of home ownership!


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RE: CHEC announces rate increase...




For those who have a home on Hatteras Island (and maybe other places as well) Cape Hatteras Electrical Cooperative has just announced a 13.72% price increase effective May 2018.

Their rates were already more than double what I pay in Virginia!

Oh the joys of home ownership![FOOTER=smlo

Love the Co-op but that is a massive hike!!!! Thumbs down Thumbs down Thumbs down Thumbs down Thumbs down Thumbs down Thumbs down Thumbs down


RE: CHEC announces rate increase...




No one should be taken by surprise. This is the logical outcome from the decision by NC to eliminate coal powered electricity generation. The future has arrived....

It also seems many have not noticed that electricity in NC became subject to the state sales tax a few years ago. Prior to that, it was not.


RE: CHEC announces rate increase...




I believe that the new cables on the new bridge has a lot to do with this. Still, that's a big hike.


RE: CHEC announces rate increase...




I didn't read the announcement or the article but CHEC is a small co-op and incurred some pretty big expenses following the cable cut fiasco. I would think that they would be reimbursed for those expenses as well, but perhaps that's still ongoing and the power company needs to meet their financial obligations. Unfortunately, I'm running out of electricity saving measures to enact in our home.


RE: CHEC announces rate increase...




I didn't read the announcement or the article but CHEC is a small co-op and incurred some pretty big expenses following the cable cut fiasco. I would think that they would be reimbursed for those expenses as well, but perhaps that's still ongoing and the power company needs to meet their financial obligations. Unfortunately, I'm running out of electricity saving measures to enact in our home.

Brad Z
CHEC incurred far, far greater expenses for repairs after Irene, and in putting in the back-generators. The rates did not change then. So that is not it...
The talk about the expenses of the new transmission facilities across the new Bonner has been ongoing for many years and is probably part of this.