News

5/21/2010

Bluebonnet Reduces Rates due to Low Natural Gas Prices

Bastrop – Bluebonnet Electric Cooperative will reduce its rates by a half cent beginning June 1 in response to lower natural gas prices and projections through the end of 2010. The lower rate will result in a $6 savings on the average Bluebonnet electric bill, which is for 1,200 kilowatt-hours of electricity.
 
“This is good news for our members as we move into the hot summer months,” said Mark Rose, Bluebonnet’s general manager. “We constantly monitor power supply costs and adjust the wholesale portion of our rate as needed. It’s always a great feeling when we can pass along a savings to our members.”
 
The actual rate reduction will be accomplished through lowering the co-op’s power cost recovery factor, which varies depending on wholesale power prices. Bluebonnet’s wholesale provider, the Lower Colorado River Authority, gets about half of its power from natural gas-fired power plants. As gas prices fell, LCRA lowered its wholesale rate, which allowed Bluebonnet to pass the savings through to its members.
 
Bluebonnet Electric Cooperative is one of the largest electric cooperatives in Texas and has been serving its members since 1939. Bluebonnet serves 80,000 meters and owns and maintains 11,000 miles of power lines, located across more than 3,800 square miles within 14 Central Texas counties. Bluebonnet’s service area stretches from Travis County to Washington County and from Milam County down to Gonzales County. For more information about Bluebonnet Electric Cooperative go to www.bluebonnetelectric.coop, or follow us on Facebook and Twitter.

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