In a message to its consumers, Wayne County Counties Electric Cooperative CEO Daryl Donjon says he expects no rate increases in 2020. “We have begun preparing our 2020 budget and work plan, slated to be approved by the Board of Directors on January 31,” Donjon said. “We are again anticipating no rate increase in 2020 and expect to again return approximately $2 million in Capital Credits.”
2019 marked the seventh consecutive year without a rate increase for Wayne-White consumers.
CEO Donjon cited the co-op's partnership with Hoosier Energy as a big reason power rates haven't gone up for several years. “They [Hoosier Energy] expect stable wholesale rates for the next several years and continue to improve the reliability of our transmission lines,” Donjon said. “We will also continue our strong maintenance programs, pole replacement, etc.”
The co-op's annual meeting has been set for Friday, March 30 at the Wayne City High School. A fish dinner, information booths and entertainment will be featured. All current Wayne-White members are eligible to attend the annual free event.
Founded in 1937, Wayne-White serves 13,490 consumers in all or parts of eleven Southeastern Illinois counties. The co-op's 54 employees maintain 3,324 miles of energized lines.