Notice to Members of Beartooth Electric Cooperative
Securing a two-year loan with CoBank for deposit into the RUS Cushion of Credit account was approved by the board at the July 25, 2017 board meeting. The board also voted to consider an additional loan from CoBank for an additional three years for deposit into the RUS Cushion of Credit account.
The board issued a June 29, 2017 60-day notice to members of proposals for power contracts exceeding two years. BEC notified co-op members that the contract with Montana-based Energy Keepers, Inc. (EKI) includes an option to extend the contract for three additional years, through September 30, 2027. In early September the two-year contract with Energy Keepers was replaced with a five-year contract. Its term is Oct. 1, 2022 through Sept. 30, 2027. It is a fixed-rate, load-following contract.