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Bluebonnet's directors approve $4.2 million in capital credits and assistance for members in need

0422
 2020
Bluebonnet Electric Cooperative’s Board of Directors unanimously approved during its April meeting returning $4.2 million in capital credits and assistance for members impacted by the economic downturn caused by the coronavirus pandemic. Capital credits will be returned to all of the member-owners of the cooperative. Beginning in May, Bluebonnet’s members will receive a credit on their electric bill for their share of $4.2 million, an increase of $500,000 from last year’s amount. 

“It’s always good to see a credit on your electric bill, but especially now when so many families and businesses are struggling financially because of the coronavirus outbreak,” said Ben Flencher, Bluebonnet’s board chairman. “This is a tremendous benefit to our members and a wonderful way to help them and our communities when it is needed the most.” 

Bluebonnet’s directors also approved assistance to nonprofit organizations that are part of Bluebonnet’s energy assistance program. More than 24 nonprofit organizations provide financial assistance for Bluebonnet’s members to help pay their electric bills. 

“We recognize the value that these organizations bring to our members and communities,” said Matt Bentke, Bluebonnet’s general manager. “We track the payment assistance that they provide to our members. Throughout the year, we look for opportunities to support them in return for their ongoing assistance to our members.” 

For information about Bluebonnet’s energy assistance program and a list of nonprofit organizations that provide assistance, visit our website at www.bluebonnetelectric.coop/assistance

The assistance approved by Bluebonnet’s Board of Directors is part of the co-op’s overall efforts to help its members and communities during the coronavirus crisis. Bluebonnet is also helping families and businesses by temporarily suspending disconnections for nonpayment; and waiving late fees, deferring payment due dates and making payment arrangements for members in need. The cooperative has also increased support to the 15 service-area food banks that are providing meals to families who have lost jobs or income due to the coronavirus shut-down. 

“Everyone at Bluebonnet is proud to be able to support our communities and offer our members options to help them through this difficult time,” Bentke said. “We have planned a multimillion-dollar package this year to help our members and communities. Additionally, our members are benefitting from a December rate reduction that will save them $4.8 million this year. We will continue to seek opportunities to support our communities and help our members in need.” 

Bluebonnet members who need assistance with their electric bill, or need to request a payment arrangement, should call Bluebonnet’s member services at 800-842-7708 or visit a drive-through lane at one of the cooperative’s member service centers in Bastrop, Brenham, Giddings, Lockhart or Manor. 
 

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