LPEA Board passes 2020 Budget; invests in system and service
DURANGO, Colo. – The La Plata Electric Association (LPEA) Board of Directors recently adopted its 2020 budget, which aims to improve service and reliability to LPEA’s more than 34,000 members. The budget includes a $3 million increase in revenue to update LPEA’s aging electricity infrastructure, improve customer service and support, and prepare for the future of the electric grid.
“As a Board we voted to increase the revenue LPEA will receive from members to meet our 2020 financial obligations,” said Bob Lynch, LPEA Board President. “Even after cutting nearly a million dollars from the budget in various areas, this increase was needed to meet the rising costs of providing electricity. LPEA runs a very tight ship and any increase in rates only occurs when absolutely necessary to maintain the standards of service members expect of us.”
In January, the Board will meet to consider various options for achieving the needed revenue increase, while minimizing cost impact to its members. LPEA’s last rate increase was in 2016.
LPEA celebrated 80 years providing safe, reliable electricity at the lowest reasonable cost to our members located in the counties of La Plata, Archuleta, and segments of Hinsdale, Mineral and San Juan. For additional information, contact LPEA at (970) 247-5786 or visit www.lpea.coop.