Thursday, June 14, 2012

Good news at Moon Lake Meeting

About 1,200 people turned out for the Moon Lake Electric annual meeting on Thursday, from babes in arms and excited kids to a few who still remembered when the lights came on for the first time in the late 1930s.

The news they received from Grant J. Earl, general manager and chief executive officer, certainly didn't cause any heartburn.

First, in their June bills each customer will receive a portion of a $2 million patronage refund that was approved by the board of directors, reported Yordis “Yogi” Nielsen, board president. And, for the 27th year in a row, there will not be an increase in electric rates.

At last year's annual meeting Earl had announced there would be a rate increase between 6 and 8 percent starting Jan. 1, but that increase turned out not to be needed, he said. Uintah Basin Standard