TRINITY, Ala. — Joe Wheeler Electric Membership Corp. confirmed this week a new rate adjustment went into effect June 1. The new increase of 6.2 percent, what the cooperative said in a statement was a "modest rate increase," comes just 10 months after another hike of 4.3 percent.
In June's announcement, JWEMC said that "U.S. Bureau of Labor Statistics confirmed that electricity inflation exceeds Consumer Price Index (CPI) benchmark by approximately 80% which puts significant amount of pressure on our financial operations." 220 Kv Substation
FOX54 has not independently found the documentation reaching that calculation and has reached out to Joe Wheeler EMC and the BLS to verify the figure. Nevertheless, there has been a documented rise in costs related to energy production and distribution.
It is a cost that the cooperative says it hates to pass on, but after "thorough evaluation," believes it must.
"This adjustment is essential to sustain the financial stability of our cooperative," the EMC said.
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