Matt Berry, Midwest Electric CEO

Our latest financial forecast shows no need for an electric distribution rate increase for at least the next few years. The forecast actually says no distribution rate increase is needed until 2030 or later. This even includes our ongoing investments of $3-$4 million per year in electric operations and reliability improvements, plus $1-$2 million per year in patronage cash back. 

Keep in mind that the 2030 timeframe is a long-term forecast and not a guarantee. Rate changes or re-alignments are possible before then. But the forecast shows we can expect continued stability and value for the short term future.