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Texas Co-Op Power • May 2018

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Texas Co-Op Power • May 2018 At PEC, your voice matters. For 80 years, we’ve been owned and governed by our members. Your vote in the annual board election is your chance to actively participate in your cooperative. Voting starts May 24, and voting early enters you into a drawing for prizes, including 50 $150 bill credits! Several convenient ways to vote: Online via Online By mail Online in In-person SmartHub eligible offices at Annual New for 2018 Districts 1, 6 and 7 Meeting Visit pec.coop/election for more information. pec_dustcover_2018_05.indd 20 4/6/18 11:38 AM PEC voting is now closer to home In August 2016, the PEC Board of Directors voted to transition to a single-member district voting method. That means you elect your neighbors to represent you and champion the issues that matter most in your neighborhood. Members in districts 1, 6 and 7 are eligible to vote this year. ¤£290 Director District 1 Boundary ¤£190 (Certain areas within the boundaries shown do not receive PEC electric service) District 1 Legend District 7 Director District 7 Boundary DIR. DISTRICT 1 DIR. DISTRICT 2 .!MANCHACA DIR. DISTRICT 3 )"150 ¤£190 DIR. DISTRICT 4 )"1826 Travis Co DIR. DISTRICT 5 )"12 Lampasas Co DISTRICT 4 1626 ^_ PEC SERVICE CENTER )"967 )" Elder Hill Rd 1327 .! PEC BUSINESS OFFICE )"170 )" COUNTY INTERSTATE )"967 )" HIGHWAY 45 Main St ¯ ROADS ¤£183 Onion Creek Miles 0 2 4 8 ¤£183 )"2001 DISTRICT 7 )"2770 2657 Bell Co 150 DISTRICT 1 )" )" 3237 2340 )" ¨¦§35 )" )"963 Kyle-Buda^_ !·138 Blanco River )"487 ¨¦§35 Lake Buchanan 195 )"2341 )"970 !· Burnet Co )"12 Hays Co )"243 )"150 Legend ·29 Board District Inks Lake ! ^_Bertram 972 £183 2338 )" DIR. DISTRICT 4 Llano Co ¤ )" "2720 DIR. DISTRICT 6 ¤£281 ) DIR. DISTRICT 7 Lake Georgetown ^_ Williamson Co Caldwell Co PEC SERVICE CENTER 1174 .! " 971 PEC BUSINESS OFFICE Park Rd 4 ) )" RM 2342 )"21 COUNTY )"12 1869 ^_Liberty Hill DISTRICT 6 INTERSTATE 2342 )" 1966 HIGHWAY )" Ronald Reagan Blvd )" 282 ROADS )" 1984 ¤£142 ¯ ¤£80 )" Miles DISTRICT 2 0 1 2 4 2243 Comal Co Lake LBJ ^_ Marble Falls )" Rnd Mtn Rd 1431 183A )" Nameless Rd " Canyon Lake ) 1431 Lake Marble Falls " Colorado River ) ^_ Cedar ParmerPark Ln Anderson Mill Rd !·71 Lake Travis )"620 DISTRICT 3 )"962 DISTRICT 5 Blanco Co Travis Co Oak Hill Pedernales River ¤£290 DISTRICT 4 )"479 ¤£290 .! District 6 (Western) ¨¦§35 District 6 Director(Eastern) District 6 (Eastern) Boundary .!HEADQUARTERS Legend Director District 6 (Western) Boundary Gillespie Co Blanco Co DIR. DISTRICT 4 150 DIR. DISTRICT 5 (Certain areasHays within the Coboundaries shown do not receive PEC electric service) Mt Gainor Rd )" ^_ DIR. DISTRICT 6 Oak Hill DISTRICT 5 DIR. DISTRICT 7 Sutton Co Kimble Co £290 DISTRICT 4 )"967 )"1626 ¤ ^_ PEC SERVICE CENTER Elder Hill Rd 1880 " Blanco River Mt Sharp Rd .! PEC BUSINESS OFFICE ) BLANCO .! )"165 ¤£290 ¨¦§10 " COUNTY .! )12 DRIPPING SPRINGS INTERSTATE ¤£277 Hays Co HIGHWAY ROADS S Llano River )"32 ¯ ¤£377 2325 Miles )" 01 2 4 ·41 ¤£281 Kyle-Buda )"1626 ! 3237 ^_ !·55 ¤£83 !·27 Kendall Co )" )"967 )"473 )"165 Blanco River DISTRICT 5 )"12 473 Kerr Co )" Comal Co DISTRICT 7 )"484 ¨¦§35 !·41 )"306 )"32 DISTRICT 6 )"335 !·39 )"474 )"12 )"3351 Canyon Lake Highway 80 Edwards Co ¤£377 )"311 ^_ Canyon Lake 2673 ¤£123 )" Hunter Rd 3159 DISTRICT 6 Real Co )" !·46 )"306 )"674 )"2722 )"1102 35 !·55 !·46 ¨¦§ Legend Bexar Co Board District DISTRICT 5 ¨¦§10 DISTRICT 6 ^_ PEC SERVICE CENTER .! PEC BUSINESS OFFICE COUNTY INTERSTATE Kinney Co HIGHWAY ¯ ROADS Miles 0 2 4 8 12 Who’s running this year? Can I vote? Visit pec.coop/election for information about If you received this cover on your issue of Texas candidates, including bios and videos. Co-op Power, you may be eligible to vote, according to our records. To confirm, check your bill to see whether you’re in District 1, 6 or 7. You may only vote Meet the candidates in the race for your district. Please call us at 888- Mark your calendar to attend a meet-the-candidate 554-4732 if you have any questions about eligibility. event. Visit pec.coop/election for details, including start times and office locations. Early voting incentives • Liberty Hill office – May 29 Vote early and be entered into a drawing to win • Canyon Lake office – May 30 a $150 bill credit! Fifty will be given away. • Kyle office – May 31 pec_dustcover_2018_05.indd 21 4/6/18 11:38 AM Key statistics about your electric cooperative At PEC, we are more than an electric utility committed to providing safe, reliable electricity, competitive rates and outstanding service to some of the fastest growing counties in the country. We are also a cooperative owned by our membership, and we believe it is important to share key information with our members. We proudly rank in the top quartile of electric utilities in reliability and national satisfaction studies, and our rates are lower than the Texas and national averages. Please review some key facts about your cooperative below. You can also find more information, including an archive of annual reports, form 990 compensation reporting and Key Industry Ratios at pec.coop/archives. Total Cost of Electricity for Residential Members 1,000 kWh 1,275 kWh 1,500 kWh 2,000 kWh March 2018 bill (eSaver rate)* $106.18 $129.88 $149.27 $192.36 March 2017 bill (eSaver rate) $105.20 $128.63 $147.80 $190.40 Note: Total cost is based on actual bills of residential members for 1,000, 1,275, 1,500 and 2,000 kWh who are signed up for the eSaver rate. *Increase in total cost reflects increase in Transmisison Cost of Service, effective March 1, 2018. Average Cost Comparison (Dec. 2017) Cost per kWh 1,000 kWh* 1,275 kWh* 1,500 kWh* 2,000 kWh* PEC residential average $0.1068 $106.83 $136.21 $160.25 $213.67 Texas residential average** $0.1111 $111.10 $141.65 $166.65 $222.20 National residential average** $0.1250 $125.00 $159.38 $187.50 $250.00 Note: Average cost determined using total residential revenues and total residential kWh sales. *Cost is estimated from the cost per kWh at 1,000, 1,275, 1,500 and 2,000 kWh accordingly, in order to provide an accurate comparison with EIA data. **Source: U.S. Energy Information Administration, Form EIA-861M (formerly EIA-826), Monthly Electric Power Industry Report. Active accounts (12/31/17) 300,238 Percent growth in meters in 2017 4% Members (12/31/17) 251,534 Megawatt-hours purchased in 2017 6,078,039 Miles of line (12/31/17) 18,085 2017 percent energy from a renewable source 6.1%² Employees (12/31/17) 720 PEC members generating their own power with wind, solar and other resources 1,776 Average consumers per employee 408 Credit members³ receive per kWh if 2017 average outage time per account 56.7 minutes generating more than they consume $0.0465 Capital credits retired in 2017 $8.6 million 2017 J.D. Power Electric Utility Residential Customer Satisfaction Study score 742 Fitch bond rating (affirmed June 2016) AA- Board meetings held in 2017 18 2017 total assets $1.6 billion Members voting in 2017 PEC Board election 6,201 Equity as a percentage of assets 38.87%¹ Percentage of members participating in 2017 revenue $591 million¹ 2017 online voting who were “very satisfied” 96.2% or “satisfied” with online voting process 2017 revenue percentage allocated 60.41%¹ to power cost 2017 PEC open records requests 63 2017 controllable cost $366¹ 2017 community support per average consumer and member assistance $485,454 ¹Pre-audit figures, subject to change ²Approximate percentage ³Net Energy Credit available to qualifying facilities Revised March 2018 pec_dustcover_2018_05.indd 22 4/6/18 11:38 AM Join us at the 2018 PEC Annual Meeting! June 23, 2018 Voting and door prize registration from 9 a.m. until 10:30 a.m. Meeting starts at 10:30 a.m. Family-friendly activities start at 11:30 a.m. Smithson Valley High School 14001 Texas 46 Spring Branch, Texas 78070 Look for more details at pec.coop/annual-meeting and in the June issue of Texas Co-op Power. pec_dustcover_2018_05.indd 23 4/6/18 11:38 AM YOUR ELECTRIC COOPERATIVE NEWS MAY 2018 Meet Joe R. Lansdale Let Us Eat Cake Picturing Prom TEXAN byNATURE Laura Bush and Texan by Nature inspire conservation Live Life without pain Plantar Fasciitis • Arthritis • Joint Pain • Heel Spurs • Back & Knee Pain I‘ve had lower back pain for years. Walking in these shoes was life changing for me. I feel like I’m walking on air. ® PATENTED VERSOSHOCK SOLE – Bill F. SHOCK ABSORTION SYSTEM Enjoy the benefi ts of exercise with proven pain relief. % % % % Ultimate Comfort 85 91 92 75 LESS LESS LESS LESS Renewed Energy KNEE BACK ANKLE FOOT PAIN PAIN PAIN PAIN Maximum Protection Improve Posture *Results of a double-blind study conducted by Olive View UCLA Medical Center. G-DEFY ION $120 $150 AVAILABLE $30 OFF With Promo Code MQ8EKJ4 Men Sizes 7.5-15 M/W/XW Women Sizes 6-11 M/W/XW - Black TB9025MBB - Black/Blue TB9022FTL Expires October 31, 2018 - Red/Gray TB9022MRG - Gray/Teal TB9022FGU Free Exchanges • Free Returns 100% Satisfaction Guaranteed GravityDefyer.com/MQ8EKJ4 Call 1(800) 429-0039 Gravity Defyer Corp. 10643 Glenoaks Blvd. Pacoima, CA 91331 VersoShock® U.S Patent #US8,555,526 B2. This product has not been evaluated by the FDA. Not intended to treat, cure or prevent any disease. $30 off applies to orders of $100 or more for this limited time offer.
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