Annual Financial Report: 2020
The pandemic affected several businesses, farms and households and it was no different here at the Stanton County Public Power District. We worked through the pandemic without significant impacts to our financial strength. We continue to monitor expenses, customer accounts and investments including utility plant to ensure we are in strong financial position to continue serving the customer long into the future. Our focus will always focus be on delivering safe, reliable electric service to customers as safely as possible.
There were no electric rate increases in 2020 for the sixth year in a row and we have actually lowered a few rates over that period of time. We continue to pass through a Power Cost Adjustment (PCA) credit from our wholesale power supply back to the end use customer.
You can find your PCA credit listed as a line item on your electric bill. This PCA credit will continue through 2021. We understand the role of Public Power and just how important low cost, reliable electric service is to the area we serve. We will continue to strategically position the District financially to adapt to the changes coming in this industry.
Chad Waldow; General Manager CEO