News

PGEC Board Returns Capital Credits

The Cooperative’s Board of Directors approved the refund of capital credit allocations to Cooperative members who received electric service in 1985, 1986, 1995 and/or 2016 with refunds totaling $595,075.

The refund of capital credits is one of the benefits provided to you as a member/owner of the Cooperative.  Mike Malandro, president and CEO, comments, “On behalf of the Board of Directors, we are pleased that your Cooperative is able to maintain reasonable electric rates and return capital credits to our members.”

PCA Change Effective January 1

A change in the Power Cost Adjustment ( PCA ) goes into effect January 1. The current PCA credit of .014933/kilowatt-hour (kWh)  will be lowered to a credit of .008876. These charges are reflected in the Energy Supply portion of your bill. PGEC remains committed to providing electric service at the lowest reasonable cost while continuing to modernize our infrastructure, resulting in improved safety and reliability for all members.  

New meter installation – Spring Grove Substation

In our continuing effort of developing the most modern infrastructure to better serve our members, Prince George Electric Cooperative will be installing new electric meters in the area served by the Spring Grove substation over the next few weeks. This work will begin the week of September 11. This area includes Swanns Point Rd., Cabin Point Rd., James River Dr., Laurel Springs Rd., Salisbury Rd., Martin Luther King Dr., Oak Hill Rd., Huntington Rd., Lebanon Rd., Ellis Rd., Sunken Meadow Rd., and Beaverdam Rd.

Fiber to the Home Update

PGEC Enterprises, LLC, has moved past the pilot phase of bringing Fiber to the Home and has initial plans for the next fiber connections.  Direct communications from PGEC Enterprises, LLC, have been sent to members letting them know that internet services are available in their area.

PGEC Enterprises, LLC, has also launched a web site at www.pgecfiber.com.   Members are encouraged to check the site for further project updates.

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