At the end of each year, Southern Indiana Power calculates our operating margin, which is the amount our income exceeded our expenses during the year. We then allocate the operating margin as “capital credits” to each member based on the amount of electricity purchased throughout the year. When our board of directors determines it’s financially… Continue reading.
Planning to save energy during severe weather can keep you comfortable while helping the environment — and even lead to savings in your wallet. People know the basic rules of supply and demand — price typically goes up when demand goes up. The same goes for electricity; wholesale electricity prices can soar when everyone runs… Continue reading.
Hoosier Energy strives to make helping communities and nonprofit organizations a priority within its territory, and the Community Impact Fund makes that possible. “Each year, we receive dozens of requests from local non-profits and statewide non-profits and vet those against a strategy we have developed,” said Matt Randall, manager of government and community relations, who… Continue reading.
Flooding is the most common natural disaster in the United States. When spring thunderstorms occur, many areas can also experience flooding. Flash floods can develop quickly and with no warning. This can cause outages, disrupt transportation, and damage buildings. BEFORE A FLOOD AFTER A FLOOD STAY SAFE WHEN A THUNDERSTORM ARRIVES Follow these tips when… Continue reading.
Thunderstorms can pop up at any time, but having a plan in place and being aware can keep you and your family safe. KNOW YOUR RISK Know your area’s risk for thunderstorms. In Indiana, they can occur year-round and at any hour. Sign up for your community’s warning system. The Emergency Alert System (EAS) and… Continue reading.
Spring brings babes to barnyards and buds to tree branches. But it also can bring powerful storms causing widespread damage and even death. In the past five years, from 2018 through 2022, Indiana had 40 deaths, 38 injuries and almost $113 million in property and crop damage from weather events in Indiana alone, according to… Continue reading.
After much deliberation and analyzing results from our 2023 cost-of-service study, the PPEC board of trustees has approved a rate adjustment taking effect on the electric bill you’ll receive in May (due in June). If you consider the recent inflation, material shortages, and other industry struggles PPEC faces, I am sure you can relate. Nearly… Continue reading.
As a cooperative member of Paulding Putnam Electric Cooperative, you make an investment in the co-op every time you pay your bill. This collective investment in the co-op benefits you and the community immediately — and over time. This cost exists even when no electricity is used. We are still required to pay our loans,… Continue reading.
2023 Official Annual Meeting Minutes — March 18, 2023 The Annual Meeting was held at Paulding Putnam Electric Cooperative, Inc., headquarters building, Paulding, Ohio. Steve McMichael, board chairman, called the meeting to order at 10 a.m. The meeting was held as a virtual/video conference. The meeting was broadcast on via Facebook Live and on YouTube…. Continue reading.
One of our seven cooperative principles Economic Participation As a co-op, PPEC is upfront and transparent with its member-owners about finances. Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital remains the common property of the co-op. Members allocate surpluses for any or all of the… Continue reading.
Acrophobia — the fear of heights — is one of the most common phobias people suffer. But Steve McMichael and Dr. John Saxton are far from common — both embrace a “sky’s the limit” mentality*, both serve as directors on Paulding Putnam Electric Cooperative’s (PPEC) local board, and both represent PPEC as chairmen of their… Continue reading.
