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Schlatter earns Board Leadership certificate

Eastern Illini Electric Cooperative Board Member Tom Schlatter recently received the Board Leadership certificate from the National Rural Electric Cooperative Association (NRECA).

Schlatter was recognized at NRECA’s Region 8 & 10 meeting for his commitment to education and attainment of the Board Leadership certificate in front of more than 1,000 electric cooperative officials from Illinois, Iowa, Minnesota, North Dakota, South Dakota and Wisconsin.

Today’s electric utility environment imposes new demands on electric cooperative directors, particularly increased knowledge of changes in the electric utility business, new governance skills and a working knowledge of the cooperative principles. Eastern Illini Electric Cooperative has a commitment to work through NRECA and the Association of Illinois Electric Cooperatives to sharpen this body of knowledge for the benefit of their electric cooperative member/owners.

The NRECA Credentialed Cooperative Director (CCD) program requires attendance and demonstrated understanding of the basic competencies contained in five core courses:

  • Director Duties and Liabilities

  • Understanding the Electric Business

  • Board Roles and Relationships

  • Strategic Planning

  • Financial Decision Making

The NRECA Board Leadership certificate, which Schlatter recently earned, recognizes individuals who continue their professional development after becoming a CCD. Directors who have attained the Board Leadership certificate have completed 10 credits in advanced,issues-oriented courses.

The National Rural Electric Cooperative Association is the national service organization that represents the nation’s more than 900 private, not-for-profit,consumer-owned electric cooperatives, which provide service to 42 million  people in 47 states.

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Power plant tour available

Unique opportunity available to visit a state-of-the-art plant in southern Illinois on October 23.

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As member/owners of Eastern Illini Electric Cooperative, you have the special chance to take a behind the scenes tour of the state-of-the-art power plant and coal mine, the Prairie State Energy Campus (PSEC), located in southern Illinois in Washington County, near Lively Grove.

About the tour
The tour will leave our cooperative headquarters in Paxton at 7 a.m. on Wednesday, October 23. We should return to Paxton by 7 p.m. that evening. 

To help offset the cost of the tour, we are asking all participants to pay $20. The tour fee will include round-trip transportation, lunch, and dinner.

The tour will consist of a walking portion through the power plant, and a surface tour of the coal mine. 

About the plant
PSEC uses pulverized coal technology, where coal is ground to about the consistency of talcum powder and used as fuel for a boiler to heat water and produce steam.

The steam drives a turbine, which in turn drives an electrical generator, sending electricity throughout the grid to families and businesses all over the Midwest, including our area. 

PSEC also incorporates the latest in emissions control technologies that make it one of the cleanest coal-fueled power plants in the country. It represents an important step in helping to create a sustainable and secure energy future for you – as Eastern Illini Electric Cooperative member/owners. 

The stack at PSEC is a whopping 700-feet tall – which is actually 70-feet taller than the Gateway Arch.

How to register

You can sign up for the tour at our office in Paxton, or by mailing your $20 per person tour fee and each person’s name to us at:

EIEC
Plant Tour
330 W. Ottawa
Paxton, IL 60957

The registration deadline for the tour is October 9, and the tour is limited to the first 50 people that sign up.

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President/CEO search under way

Eastern Illini Electric Cooperative Member/Owners,

Effective December 31, 2013, Wm. David Champion, Jr., our President/CEO, will retire from EIEC after 40 years of service. Your board of directors has contracted with the National Rural Electric Cooperative Association’s Executive Search Department to facilitate the President/CEO search process.  

Hiring a new President/CEO is the most important decision that a Board makes, and we take this responsibility as a challenge to build on EIEC’s fine reputation and enhance its future performance for you – our member/owners.

We would like to assure you that we are doing everything in our power to identify not only the best technically capable individual, but the best “person” to lead the co-op and represent EIEC in the community and industry.

We appreciate your support and ask that you trust that we will fulfill our obligations and exceed your expectations. That is our goal and responsibility to you. 

Respectfully,

Marion Chesnut
Chairman of the Board
Eastern Illini Electric Cooperative

View the President/CEO job posting

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Fair schedule going strong

Each summer the energy efficiency experts from Eastern Illini head out to visit with not only our member/owners, but also the general public at county fairs and other popular rural events.

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This year we are featuring the Energy Efficiency Wall of Savings. This 20-foot behind the scenes look at home construction highlights the tips and tricks needed to make sure you home is as energy efficient as possible. That, of course, will save you money!

Stop by our booth to ask all of your efficiency questions – or any other questions about Eastern Illini.

Event Dates Location
Fisher Fair July 8-13 Fisher
Iroquois County Fair July 17-21 Crescent City
Illinois State Fair August 8-18 Springfield
Half Century of Progress August 22-25 Rantoul
Farm Progress Show August 27-29 Decatur
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Annual Meeting held June 13

Meeting offered member/owners a chance to participate in their co-op – and relax with some quality food and entertainment.

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On Thursday, June 13, over 875 member/owners and their families (totaling about 2,000 people) attended Eastern Illini Electric Cooperative’s Annual Meeting.

The event was geared for family fun and featured several children’s activities, including: a bounce house; an inflatable obstacle course; miniature golf; bucket truck demonstrations; the Gene Trimble Band; a magician and Oscar the Talking Robot. 

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A meal was provided by Niemerg’s Catering and the Rocking K Chuckwagon provided snacks for those relaxing outside. All registered member/owners in attendance also received a $25 bill credit.

Many seminars were also held during the meeting. The wide-ranging topics included energy efficiency tips, renewable energy options, drug awareness and prevention, and even Mary Dickinson, a University of Illinois Master Gardener, who offered tips on plants and plant containers. 

Several local legislators attended the meeting to show their support of Eastern Illini, including: State Representative Chad Hays; State Senators Jason Barickman, Michael Frerichs, and Chapin Rose; State of Illinois Treasurer Dan Rutherford; and a representative from U.S. Congressman Adam Kinzinger’s staff. Senator Frerichs and Treasurer Rutherford were able to address the crowd during the business portion of the meeting.

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Harold Loy of Beaverville, Kay Horsh of Dewey, and Herb Aden of Newmwan were also re-elected to the Eastern Illini Board of Directors.

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Board Chairman Marion Chesnut of Rossville, and Eastern Illini’s President/CEO Wm. David Champion, Jr., discussed the current state of the cooperative during their executive report. In 2012, despite low sales, we were able to meet our financial goals. We also retired (paid back) almost $1.7 million to member/owners that received electric service from 1974 to 1978. We also redesigned our bill format to make it easier to see the various components of your bill.

Based on a cost-of-service study and changes in our wholesale costs, we also adjusted our rate structure a bit, to better reflect how our costs are passed through to you.

Each year, Eastern Illini’s Annual Meeting is a tangible benefit of being much more than simply a customer. You are a member and an owner of your locally owned and governed electric cooperative. 

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2013 Annual Meeting of Members

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Attend Eastern Illini’s Annual Meeting

Thursday, June 13, 2013
3 p.m. – 7:30 p.m.
PBL Junior/Senior High School
Paxton, Illinois

View the Official Meeting Notice
View the annual meeting program/annual report 

 

$25 BILL CREDIT 

ACTIVITIES FOR KIDS 

Inflatables: bounce house and obstacle course
Miniature golf
Oscar the Talking Robot
Bucket truck demonstrations/rides
“Climb” a utility pole
A magician

FREE MEAL 

Dinner, catered by Niemerg’s Catering will include fried chicken, roast beef, mashed potatoes & gravy, corn, green beans, noodles, cole slaw, rolls, and assorted deserts.

Snacks, located outside, will include hot dogs, popcorn, ice cream, and cotton candy.

ELECT BOARD MEMBERS

ENGAGING SEMINARS

Room 604 – Energy Wise Living
4 p.m. Comfort, Moisture and Energy Efficiency Solutions
4:45 p.m. Gaining Comfort and Savings with Insulation
5:30 p.m. Comfort, Moisture and Energy Efficiency Solutions
6:15 p.m. Gaining Comfort and Savings with Insulation
Room 606 – Renewable Energy Options
4 p.m. Renewable Energy from the Ground Up
4:45 p.m. Wind and Solar Solutions
5:30 p.m. Renewable Energy from the Ground Up
6:15 p.m. Wind and Solar Solutions
Room 608 – Lifestyle
4 p.m. Contagious Plant Containers
4:45 p.m. Drug Awareness and Prevention
5:30 p.m. The Right Plants for the Right Place
6:15 p.m. Drug Awareness and Prevention
Room 610 – The Emerging Electricity Environment
4 p.m. Unbundled bills and our 2013 Rate Adjustment
5 p.m. Unbundled bills and our 2013 Rate Adjustment
6 p.m. Unbundled bills and our 2013 Rate Adjustment

 

LEARN ABOUT YOUR NEW RATES

 

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New rates and bill format now in effect

On March 27, 2013 all of our rates changed. You will see the rates reflected in the newly unbundled bills that will be sent out at the end of April. Our new rates are designed to better reflect our costs, and the net effect will be a small increase for most of you.

The vast majority of our members are on General Service Rate 1. The average electric use on this rate is 833 kWh per month. At this kWh use, there is a 2.27 percent rate increase. That translates to $3.35 per month or about 11 cents per day. Member/owners that use more electricity will generally see a smaller percentage increase.

Visit our Rates page for the new rate schedules.
See a sample of our new bill, with explanations of the updated components.

Rate comparisons for our two most popular rates:

RATE 1 SAMPLES 
(our general service, residential rate)
Monthly kWh Monthly change in dollars Percent change
0 $13.85 52.96%
250 $10.70 17.11%
500 $7.55 7.63%
750 $4.39 3.25%
833 (average) $3.35 2.27%
1,000 $1.24 0.72%
1,500 $0.93 0.43%
2,000 $0.63 0.24%
5,000 -$1.20 -0.22%
10,000 -$4.25 -0.42%
15,000 -$7.30 -0.49%
 
RATE 20 SAMPLES 
(our single phase 
electric heat rate)
Monthly kWh Monthly change in dollars Percent change
Summer rate (roughly June – September)
500 $7.48 7.015
1,724 (average) -$4.68 -1.89%
2,500 -$8.60 -2.69%
5,000 -$21.20 -3.83%
Winter rate (roughly October – May)
500 $7.48 7.01%
1,500 -$2.06 -0.95%
2,116 (average) -$3.32 -1.26%
3,000 -$5.12 -1.55%
5,000 -$9.20 -1.91%

 

One of the key aspects of these changes is that we are now separating our costs involved in getting electricity to you (the distribution component) from our power supply costs (the electric supply component). Our goal is to be as transparent as possible as we strive to provide you with safe and reliable electric service.

Your distribution component will have two main parts: a base charge (formerly known as the facility charge) and a delivery charge. The delivery charge will vary depending on how many kilowatt-hours (kWh) you use. In the past, parts of the distribution component have been buried in the energy charge. Please note that while your base charge is going up, your per kWh charge is going DOWN.

The electric supply component of your bill will include energy, transmission, and generation investment. It reflects the costs we incur from our wholesale power provider to get you electricity. First we have to pay for the actual energy as it is produced (energy). Then we have to get the energy from the power plants to our substations (transmission). This section will also include our investment in generation facilities (generation investment).

Please know that all of these kWh charges were previously lumped together in the energy charge. They are not new charges – they are now simply unbundled to make it easier for you to see where your electric dollars are being spent.

As we discussed at our 10 recent member meetings, we are working hard to control our costs. Your board of directors continues to make strategic decisions that will make your electric rates competitive for years to come.

We’ve also created a series of short videos designed to explain these changes and why they were needed.

Video Segment 1 – The Energy Landscape

Video Segment 2 – Density

Video Segment 3 – Keeping the Lights On

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$1,678,857 in capital credits retired in 2012

The retirement of capital credits is a tangible demonstration of your ownership in Eastern Illini – your electric cooperative.

In 2012, Eastern Illini Electric Cooperative retired capital credits for member/owners that received electricity from the co-op in 1974 through 1978. The retirements totaled almost $1.7 million. In November of 2012, we sent out almost $1 million in check to former members.

Unclaimed Capital Credit Database – Were you a member of Eastern Illini in the 1970s? Do you know someone who was? Check our database to see if we owe you some money.


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What are capital credits?
Any profits made by Eastern Illini are referred to as margins. Margins result when our revenue is more than our expenses. At the end of each year, any available margins are allocated back to you – into your capital credit account – in proportion to the amount of electricity you purchased that year. The more electricity you purchased, the greater the share of the margin allocation that will be made to your capital credit account. When the allocated funds are returned to you as capital credits, we say that those capital credits have been retired.

Assets of the cooperative
Eastern Illini, like all electric co-ops, operate at cost – collecting enough revenue to run and expand the business but with no need to raise rates to generate profits for distant shareholders, like investor-owned utilities sometimes do. When Eastern Illini has money left over, it’s allocated back to you and other members as capital credits. When the co-op’s financial position permits, the co-op retires, or pays, the capital credits to you.

What do we do with the allocations?
The retirement of capital credits—so-called because members provide capital to the cooperative for it to operate and expand—depends on the co-op’s financial status. Eastern Illini holds onto allocated capital credits to cover emergencies, such as a natural disaster, and other unexpected events, and to expand our electric system, all of which may require large-scale construction of poles and wires. By holding on to the capital credit allocations, we can lessen or eliminate the need to raise rates or borrow money (which could also lead to higher rates) to pay for the infrastructure. Each year, Eastern Illini’s Board of Directors carefully looks at the financial condition of our cooperative to determine how much, if any, capital credits can be retired.

How much do co-ops give back?
Nationally, in 2010, electric cooperatives retired $626 million in capital credits to current and former members. Since 1988, co-ops have retired $9.5 billion, based on data from the federal Rural Utilities Service and the National Rural Utilities Cooperative Finance Corporation (CFC), the premier private market lender to electric cooperatives.

“Allocating and retiring excess revenue to members helps distinguish cooperatives,” points out Eastern Illini’s President/CEO Wm. David Champion, Jr. “We’re proud to support our communities by putting money back into the local economy—and into the pockets of the member/owners that we serve. It makes our business model special.”

“Margins earned from electric revenues are the only real source of equity for not-for-profit electric cooperatives,” says Rich Larochelle, CFC senior vice president, corporate relations. “Investors in CFC look to the underlying financial strength of our member electric co-ops—and strong and consistent equity levels are one key aspect of financial strength. So it’s essential for a co-op to maintain the right balance between retiring capital credits to members and retaining sufficient equity on its balance sheet.”

He adds, “Co-ops do a good job of striking that balance. That contributes to CFC’s ability to offer attractive rates on loans to co-ops, which in turn helps to keep their costs low.”

“Retiring capital credits is just one more way Eastern Illini is looking out for you,” emphasizes Champion.

For more information, please contact the Eastern Illini Marketing Department at 1-800-824-5102 or email us.

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