Management agreement will save money
Management of Beartooth Electric Cooperative will be provided by Lower Valley Energy under a three-year contract signed last week by the governing boards of both rural utility cooperatives. The agreement requires approval from both the Wyoming Public Service Commission and the federal Rural Utilities Service, a review process that is expected to take at least 60 days.
Based in Afton, Wyo., Lower Valley Energy is an electric cooperative that serves northwestern Wyoming all the way to Yellowstone National Park and areas of eastern Idaho. Beartooth, based in Red Lodge, also serves part of northern Wyoming.
The management agreement reflects a shared strategy focused on affordable rates and quality service. Beartooth’s rates for electrical power are among the highest in the nation. Lower Valley Energy offers its members one of the lowest rates for electricity in the U.S.
“Right now our members are paying 17 cents per kilowatt hour,” said the co-op’s interim manager, Dick Peck. “This management services agreement provides economies of scale and expertise to help us improve performance and work toward more competitive rates.”
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