January 2020 Back Page – Public Hearing ScheduledPosted: June 5, 2020
Monday January 27, 2020
10:30 A.M. – 11:30 A.M.
4831 Eagle Street
Anchorage, AK 99503
877-901-9696, Conference ID: 371-653-2009#
The board of Directors is considering raising the monthly Customer Charge Fee by approximately $5 per month for all consumers, with the exception of those in Yakutat.
As all members were notified in the 2017 and 2018 Annual Reports, AVEC experienced net Operating Losses of $1,950,239 in calendar year 2017 and $1,039,678 in 2018. A net Operating Loss is also expected for the current calendar year of 2019.
The proposed change in the Customer Charge will yield about $650,000 annually. The board will be considering other actions later in the year to bring the cooperative to a position of positive Operating Margins in 2020 and beyond.
Members are invited to call in during the scheduled Public Hearing or to submit written comments to the above address.