Frederick County Extension
And
the loser is!
Allegheny Power is looking to sell its facilities in Frederick County to two electric co-ops. How would that affect you?
The Liberty Consulting Group, an independent consultant commissioned by the SCC, said the region’s consumers would be the only losers if Allegheny’s assets were sold to the co-ops.
The firm estimated that the roughly 102,000 Virginia consumers now served by Allegheny would pay about $370 million more for power in the nine years after the sale than they would have if no sale had taken place.
Allegheny will receive $350 million for its Virginia distribution assets and customer base if the sale goes through. REC would pay $183 million for its portion of the facilities and client base, with SVEC paying $167 million.
Under the sale terms, Winchester, part of Frederick County, and a small part of Clarke County would be part of SVEC’s new territory. REC’s new territory would include part of Frederick County and most of Clarke County.
Not only will the rates produce the increase in costs to you the user, but with two different co-ops splitting the County, customers of one service provider will pay more than customers of the other company. You could literally be paying more because you live on the "wrong" side of the street.
Business Licenses are due for renewal by March 1. Use this link to do that online.
Allegheny Power is looking to sell its facilities in Frederick County to two electric co-ops. How would that affect you?
The Liberty Consulting Group, an independent consultant commissioned by the SCC, said the region’s consumers would be the only losers if Allegheny’s assets were sold to the co-ops.
The firm estimated that the roughly 102,000 Virginia consumers now served by Allegheny would pay about $370 million more for power in the nine years after the sale than they would have if no sale had taken place.
Allegheny will receive $350 million for its Virginia distribution assets and customer base if the sale goes through. REC would pay $183 million for its portion of the facilities and client base, with SVEC paying $167 million.
Under the sale terms, Winchester, part of Frederick County, and a small part of Clarke County would be part of SVEC’s new territory. REC’s new territory would include part of Frederick County and most of Clarke County.
Not only will the rates produce the increase in costs to you the user, but with two different co-ops splitting the County, customers of one service provider will pay more than customers of the other company. You could literally be paying more because you live on the "wrong" side of the street.
This sale is wrong on so many levels and must be fought through every channel possible.
Business Licenses are due for renewal by March 1. Use this link to do that online.