The Marietta Daily Journal – Cobb EMC reduces millage rate effective immediately

MARIETTA — Cobb EMC customers should start seeing a slight reduction in their monthly electric bills.

The Cobb EMC Board of Directors voted unanimously June 25 to reduce the millage rate by 1 mill effective immediately in the utility’s wholesale power adjustment. This is a reduction from 0, where it has been since January, to -1. The reduction is equivalent to 1/10th of a cent, or about $1 per 1,000 kilowatt hours.

“We’ve been hard at work this last year to control costs and make progress that truly benefits our members. Passing those savings on through lower monthly bills was the logical next step,” said board chair Ed Crowell.

The typical Cobb EMC residential member in nine metro Atlanta and southwest Georgia counties will save on average $1.14 each month, or $13.68 a year, on electric services.

This reduction follows a rate adjustment in November 2012, which helped earn Cobb EMC a Georgia Public Service Commission ranking of eighth out of the state’s 41 EMCs, in terms of affordability at 1,000 kilowatts per hour.

via The Marietta Daily Journal – Cobb EMC reduces millage rate effective immediately.