NHEC Foundation Announces Winners of 2019 Scholarships by NHEC | Jun 11, 2019 | UncategorizedPLYMOUTH, NH – Six members of New Hampshire Electric Cooperative (NHEC) were named recipients of the 2019 NHEC Foundation Scholarships. Eighty-five candidates applied for the $1,500 scholarships, which are available to high school seniors, students returning to college, and non-traditional students enrolled in an accredited, undergraduate educational or training institution. One scholarship is reserved for a student entering a vocational or technical institution. All applicants are either Co-op members, or legal dependents of a Co-op member. The scholarships were awarded based on work experience, activities and leadership contributions, community service, educational/career objectives and overall scholastic achievement. Congratulations to the following individuals, who were awarded a $1,500 NHEC Foundation Scholarship: Mackenzie French of Sanbornton, who is studying Medical & Veterinary Sciences at the University of New Hampshire. Rebecca Connelly of Alton who is studying International Studies & Spanish at Loyola University. Aidan Hagerty of North Conway, who is studying Science at St. Lawrence University. Amy Cotter of Bartlett, who is studying Environmental Science at Colorado College. Megan Duddy of Moultonborough, who is studying Nursing at Cedarville University. Alison Haight of Sandwich, who received the Vocational Scholarship to continue her studies in Precision Machining & Manufacturing at Southern Maine Community College. Scholarship funding is provided by the NHEC Foundation, a non-profit 501(c)(3) fund that receives contributions from NHEC members who participate in the Round Up Program, which rounds up their monthly electric bill to the next dollar with the proceeds benefiting the Foundation.
80th Annual Meeting Is June 13, 2019 by NHEC | May 29, 2019 | UncategorizedPLYMOUTH, NH – The New Hampshire Electric Cooperative (NHEC) 80th Annual Meeting of Members will be held at 6 p.m. on Thursday, June 13, 2019 at Merrill Place Conference Center on the campus of Plymouth State University in Plymouth. All NHEC members are welcome to attend the business meeting in person, or join the live stream of the meeting online. Registration for members attending the meeting in-person will begin at 5 p.m. To join the live stream, open an internet browser and enter the address: www.ustream.tv/channel/YWLRQpSwmgj. Members who plan to attend in person are asked to RSVP by calling Member Solutions at 1-800-698-2007, or emailing solutions@nhec.com. Please note that the format of this year’s event has changed in order to focus on the goal of updating members on the financial and operating performance of the Cooperative. Light refreshments will be provided.
2019 Board of Directors Election by NHEC | May 1, 2019 | UncategorizedPLYMOUTH, NH – Members of the New Hampshire Electric Cooperative (NHEC) will be receiving ballots as voting opens this month for four seats on the company’s Board of Directors. Members have until Friday, June 7, 2019 at 4:30 p.m. to return their completed paper or electronic ballots. A postage-paid return envelope is included in the ballot mailing. Every member will also have the opportunity to cast their vote via a secure, online portal. Winners of the Board election will be announced at the 80th Annual Meeting of Members, to be held at 6 p.m. on June 13, 2019 at the Merrill Place Conference Center on the campus of Plymouth State University. All Co-op members are welcome to attend. Six candidates are seeking election this year to four seats on the Co-op’s 11-member Board of Directors. All six candidates were nominated by the NHEC Nominating Committee, which reviews the qualifications of each candidate and recommends those it feels would best contribute to the successful operation of the Cooperative. All candidates are required to be members of the Cooperative. This year’s candidates selected by the Nominating Committee include Alana Albee of Center Tuftonboro, Harry Blood of Moultonborough, Sharon Davis of Campton, Carolyn Kedersha of Melvin Village, Thomas Mongeon of Rumney and Mark Portu of Lincoln. NHEC members are receiving statements from the candidates in support of their candidacies along with a ballot. Ballot counting will take place Monday, June 10, 2019 at Co-op headquarters in Plymouth. Newly-elected Board members will be seated immediately following the Annual Meeting on June 13, 2019 and will serve three-year terms.
NHEC Announces 6% Summer Period Bill Decrease by NHEC | Mar 27, 2019 | UncategorizedPLYMOUTH, NH – Driven by a decrease in the seasonal cost of energy, summer period electric bills will be going down by nearly 6% for most members of New Hampshire Electric Cooperative (NHEC). Effective with bills rendered May 1, 2019, the Co-op Power portion of members’ bills (the cost of actual energy) will decrease by 13%, while the Regional Access Charge (the cost of transmission grid services) will decrease by 4%. The result for the typical residential member using 500 kilowatt-hours (kWh) per month will be an overall bill decrease of 5.7%, or $6.33 per month. The typical residential member using 1,000 kWh per month will see a total bill decrease of 6.6%, or $12.65 per month. The rate reductions were approved on March 26 by the NHEC Board of Directors and continue an annual pattern of fluctuations that have seen the cost of power increase during the winter months and decrease in summer months. Driving these wide price swings are seasonal variations in the regional wholesale price of natural gas, which is used to generate approximately half of the electricity produced in New England. Over the past several years, electric rates during the six-month summer period (May 1 – October 31) have been substantially lower than the winter period, when constraints in the region’s natural gas pipeline infrastructure have led to price spikes. Natural gas demand increases sharply during the winter months due to its use as a primary heating fuel, which drives up the cost of generating electricity for winter delivery. The May 1 rate change is the result of a 13% decrease in the Co-op Power rate, from $0.09256 to $0.08088 per kilowatt hour (kWh) and a 4% decrease in the Regional Access Charge, from $0.02501 to $0.02404 per kWh. A complete list of NHEC rates and fees is available under the Rates & Tariffs menu on our website.
Capital Credits to Be Listed on April/May Bills by NHEC | Mar 25, 2019 | UncategorizedNew Hampshire Electric Cooperative will be allocating positive operating margins to each of its members’ accounts based on their individual usage. As a result, a line item pertaining to “capital credits” will appear on the bottom of your April and/or May bills (see message below). It will indicate the amount that is being set aside in your capital account. Please note that this is an equity account, not a cash account. It represents your ownership interest, or equity, in the Cooperative. YOUR CAPITAL CREDIT ALLOCATION FOR 2018 IS $0.00. THIS AMOUNT WILL BE APPLIED TO YOUR PATRONAGE CAPITAL ACCOUNT. PLEASE SEE WWW.NHEC.COM FOR IMPORTANT DETAILS.
Six Candidates Nominated for Board of Directors by NHEC | Mar 14, 2019 | UncategorizedThe final meeting of the 2019 Nominating Committee of New Hampshire Electric Cooperative, Inc. was held at the Cooperative’s 287 Highland Street Office, Plymouth, New Hampshire, on March 12, 2019. The following members of the Committee were present: Daniel Andrews (Chair), Madeline McElaney (Vice Chair), Anthony Avrutine, John Dold, James Norman, Wayne B. Roswell, Anthony Ruddy, Virginia Stickney Erickson, and William Webb, being all of the Committee members. The following persons were nominated as candidates for Director for a three-year term ending June 2022: Alana Albee Harry Blood Sharon Davis Carolyn Kedersha Thomas Mongeon Mark Portu