Nearly 90 years ago, electric cooperatives like Lorain-Medina Rural Electric were formed for a simple reason: For-profit utilities would not serve rural communities. The distances were too long, the costs too high, and the profits too uncertain. So, neighbors came together, pooled their resources, and built something they could own themselves. They believed access to electricity was not about profit, but opportunity.
That origin story still matters today.
Nearly 90 years ago, electric cooperatives like North Central Electric were formed for a simple reason: For-profit utilities would not serve rural communities. The distances were too long, the costs too high, and the profits too uncertain. So, neighbors came together, pooled their resources, and built something they could own themselves. They believed access to electricity was not about profit, but opportunity.
That origin story still matters today.
I want to personally address upcoming changes in our rate structure. Price adjustments are decisions your cooperative leadership never takes lightly. We understand the burden any increase places on our members, especially right now when costs for nearly everything continue to rise.
Unfortunately, electric cooperatives are not immune to these same pressures. Inflation and rising costs across the electric industry are primary drivers behind the need for
this adjustment.
