SLEMCO adding storm-related charges from 2 years ago?!

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Dear SLEMCO Member, Tornadoes and straight-line winds hit our service area in April of 2024, causing multi-day outages and damage similar to a hurricane for our entire system; another major storm passed through our system in mid-May of 2024, knocking power out and causing major damage that left 43,000 members out of power for multiple days; then just two weeks later, in early June of 2024, it happened again. You may not remember, but these were not your typical spring thunderstorms. Each storm in the rare 1-2-3 punch caused outages and damage similar to hurricanes, but did not qualify for FEMA reimbursement, unlike hurricanes. Beginning with the July billing, SLEMCO members will notice a line-item increase to their bills to cover costs associated with the severe spring storms in April, May, and June of 2024. The monthly cost will be approximately $1.40 per 1,000 kWh used. The storm rider charge will be added to members' bills for no more than 12 months. Should the storm costs be recovered within a shorter timeframe, the line-item charge will be discontinued. We understand this is not welcome news. In fact, we understand this is the last thing you want to hear. Cooperatives like SLEMCO are owned by the members they serve, and extraordinary costs, just like savings, are shared by all based on the amount of electricity your family uses. If you have any questions, call our Member Services Department at 896-5200. They will be able to answer your questions. Sincerely, Carlotta Lamartina Director of Member Services

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