C & L E L E C T R I C C O O P E R AT I V E
Electricity provides powerful value There are aspects of most people’s life that become sort of a daily routine. You may get ready for work, get in a car and drive to the coffee shop on the way to the office. At lunchtime, you may drive to the nearest fast-food location DAVID VONDRAN and get lunch. At home, you may CEO/GENERAL MANAGER stream an episode or two of your favorite show before bed. As we all look for ways to save money in this age of increasing inflation, think about your daily routine and how much value it provides compared to the money spent. A morning latte costs about $6, a fast-food combo with a burger, fries and a drink can cost $10 or more, and a Netflix subscription is about $16 each month. All these daily expenses total around $85 a week, or about $340 monthly. But what is the real value — short-term satisfaction and a larger waistline? The average daily cost of electricity is about $4, and the average monthly electric bill based on 1,150 kilowatt usage is around $120. You could power your entire home every day for the price of a medium latte. Now, that’s real value. Electricity provides benefits that we often take for granted. It goes well beyond short-term satisfaction by allowing us to charge devices and have cold food and hot water, all in a comfortable indoor climate. Besides the privilege it affords, electricity has also remained relatively cost-stable even amid rising inflation. As a member-owned cooperative, we do everything in our power to ensure your costs stay reasonable and that electricity remains a great value for our members. It’s not always easy, as there are several factors beyond inflation that impact the price of electricity — some within our control but
most beyond it. The cost of electricity can fluctuate due to supply and demand, infrastructure investment, maintenance and operational expenses. Weather patterns also contribute, affecting both demand and generation capabilities, with extreme conditions leading to heightened energy use or disruptions. Government policies, such as subsidies for renewable energy or taxes and regulations on emissions, shape electricity costs as well. We consider all these aspects when adjusting rates, and because we’re a cooperative, we consider the impact of those costs on our members as well. As our community continues to rely on electricity for nearly everything in our homes, schools, hospitals and businesses, we need it to be reliable and affordable. You can be assured, your local electric cooperative always puts you top of mind and works each day to ensure electricity remains the best value for your money.
YOUR ELECTRIC COOPERATIVE PAYS PROPERTY TAXES TOO! Just as everyone who owns property pays property taxes in the month of October, C & L Electric is no exception. The cooperative pays taxes on its various properties, such as office buildings, overhead power lines and substations. These tax payments are used to support schools, roads, law enforcement and local governments. This year, C & L paid a total of $1,152,376.60 to the nine Arkansas counties in which we have members.
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NOVEMBER 2024
C & L ELEC TRIC COOPERATIVE
Here’s what your cooperative paid to each county: Arkansas Bradley Cleveland Dallas Desha
$2,758.54 $148,136.24 $142,557.90 $4,616.71 $157,682.50
Drew Grant Jefferson Lincoln
$194,445.91 $83,661.30 $70,127.68 $348,389.82