Adams returns $1.75 in Ownership Rewards

This month the board of directors for Adams Electric Cooperative is returning $1.75 million in Ownership Rewards to 32,500 current and former members, raising the total amount given back to members to almost $43 million for all retirement years.

Ownership Rewards, also known as patronage capital credits, is a benefit of being an owner of an electric cooperative. For more than 50 of the co-op’s 75 years, members have received a return or “reward” on their investment in Adams Electric based upon their “patronage” or use of electricity the co-op delivers.

Adams begins new year with 2 new hires, 1 promotion

Adams Electric Cooperative started off the new year with two new employees and a promotion for a third employee.

Meredith Catchings of New Oxford, began as member services representative – floater in the finance/member services department in early January. She has an associate degree in business management from Harrisburg Area Community College. Before taking the position, Catchings was the marketing and events manager at Battlefield Harley-Davidson.

Grove named to chair Pa./N.J. co-op board

Jay Grove of Shippensburg, president of the Adams Electric Cooperative board of directors, has been re-elected to a second term as chair of the Allegh­eny Electric Cooperative, Inc., board of directors.

Grove, a member of the Allegheny board since 2006, was named during an early November board reorganization meeting in Harrisburg. Allegheny is the generation and transmission cooperative that provides power to the electric co-ops in Pa. and N.J.

Adams Electric receives payment from subsidiary

In October, Adams Electric Cooperative, Inc. received $750,000 from its wholly-owned subsidiary, the Adams Utility Services Company (AUSCO).

The payment results from several years of solid financial performance by the Mid-Atlantic Cooperative Solutions, Inc. (MACS) which does business as Aero Energy. Based in New Oxford, Pa., Aero Energy is a residential and commercial energy company that serves approximately 35,000 consumers in southcentral Pennsylvania and Maryland.

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