Adams Electric Awards $11,000 In Adult Scholarships

Adams Electric Cooperative recently awarded $1,000 scholarships to 11 of its adult members to help them continue their education.

The 11 were chosen from among the applications reviewed by the co-op’s volunteer scholarship committee and approved by the board of directors. This is the eighth year for the adult scholarships and the ninth year for youth scholarships, awarded to high school seniors earlier in the year. Both programs are funded with Ownership Rewards (unclaimed patronage capital money) and do not affect member rates.

Adams Electric Recognizes Years Of Service

Adams Electric Cooperative recently recognized 17 employees and directors for a combined 305 years of dedicated service to the cooperative at its annual employee/director recognition dinner held in October in Hanover.

“It is a pleasure to work with so many dedicated people committed to making Adams Electric a better organization for the communities it serves,” says CEO/General Manager Steve Rasmussen.

Recognized were:

Do We Owe You Money?

When Adams Electric retires Ownership Rewards (patronage capital) to its current and former members, traditionally some of that money remains unclaimed after a year. By law, this money cannot be used to affect rates; therefore, the co-op uses the unclaimed funds to support high school and adult post-secondary education scholarships, invest in community projects and events, and aid members struggling to pay their electric bills.

Co-Op Returns Over $2 Million In Patronage Capital

GETTYSBURG, PA: Over the holiday season, Adams Electric Cooperative retired just over $2 million in patronage capital (the highest amount ever) to more than 38,000 current and former members.

The 2011 retirement of $2,054,000 marks the 38th consecutive year the cooperative has retired patronage capital, raising the total amount to $31.5 million returned to the local economy by Adams Electric. Retirements have exceeded $1 million each year since 1994.

Touchstone Energy Cooperatives Score Above the Rest

On May 11, the American Customer Satisfaction Index (ACSI) announced, “Energy utilities face serious challenges as customer satisfaction drops 3.2 percent.”

With an ACSI score of 71.9 on a scale of 0 to 100, the energy utilities sector dropped again for the third straight year. On a positive note that speaks to the cooperative difference and value of membership, Touchstone Energy Cooperatives remain the highest rated utility group.