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Who decides when a rate change happens and what it will be?

SCI REMC’s member-elected Board of Directors and executive staff continuously monitor the organization’s financial stability to determine if a rate change is necessary based on a cost-of-service study.

The Board of Directors then decides what the rates will be based on the following rate-making principles:

  • Rates should generate the revenue required to operate the Cooperative, including appropriate operating margins
  • Operating costs and margin requirements should be spread across all member classes equitably
  • Rates should reflect the cost of serving each member class.