Financing a Growing Cooperative
South Plains Electric hasn’t raised electric rates for our members since 2007. And the overall increase at that time was only 2.28 percent. We’ve spent months looking at the Cooperative’s operating reports and reviewing expert analysis of the Cooperative’s rate structure and financial performance. The South Plains Electric Cooperative Board of Directors adopted a resolution on November 20, 2015, to make necessary rate changes to continue financial viability of the Cooperative.