Pedernales Electric Cooperative – Board of Directors Meetings

File #: 2018-010    Version: Name:
Type: Action Item/Other Items Status: Agenda Ready
File created: 10/18/2017 In control: Board of Directors
On agenda: 2/19/2018 Final action:
Title: Draft Resolution - Approval of Pre-Pay Residential and Farm/Ranch Payment Plan - Tariff and Business Rules Amendment - N Mack
Attachments: 1. 2018-02-19 Draft Resolution - Approval of Pre-Pay Residential and Farm - Ranch Payment Plan- Tariff and Business Rules Amendment- N Mack v2, 2. 2018-02-19 Pre-paid Payment Option Tariff and Business Rules Amendment N Mack v3, 3. 2018-02-19 Draft Resolution - Approval of Pre-Pay Residential and Farm - Ranch Payment Plan- Tariff and Business Rules Amendment- N Mack v5, 4. 2018-02-19 Pre-paid Payment Option Tariff and Business Rules Amendment N Mack v4
Related files: 2018-084
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Title

Draft Resolution - Approval of Pre-Pay Residential and Farm/Ranch Payment Plan - Tariff and Business Rules Amendment - N Mack

 

Other Info

Submitted By: Natalia Mack

Department: Power Supply and Energy Services

Financial Impact and Cost/Benefit Considerations:

The Pre-paid payment option is expected to have a positive fiscal impact to the Cooperative by reducing account delinquencies and write-offs, helping to improve cash flows, improving account balance aging, and reducing disconnect and reconnect trips. Expenditures of Cooperative funds are estimated in the amount of approximately $4,500/year included in the operating budget, and a one-time fee of $12,500 for software implementation.

 

Discussion

The pre-paid program is a “pay as you go” payment option that allows Members to pre-pay for their electric service before incurring the charges. The program offers Members more control over their monthly usage and balance, while exempting them from reconnect and late payment fees, and account deposits (upon verified identification).

 

Body

BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Cooperative approve this amendment to the Tariff and Business Rules as attached hereto to become effective as of May 1, 2018; and

 

BE IT FURTHER RESOLVED, that the Chief Executive Officer, or her designee, is hereby authorized to take all such actions as needed to implement this resolution.