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Manager’s Messages

MARCH 2018 MANAGER’S MESSAGEGeneral Manager, Michael J. Bradshaw

Passing Savings on to You

Dear Members,

You may have heard about the federal corporate income tax cut that was passed in 2017, that reduced the corporate tax rate from 35 to 21 percent. Many investor-owned utilities like Pacific Power and Cascade Natural Gas have announced that they will be passing these savings on to their customers. You may be wondering if Benton REA will do the same.

Benton REA is a locally owned, not-for-profit electric cooperative that operates at cost to deliver affordable and reliable power to its members. As a not-for-profit, Benton REA is exempt from paying federal corporate income taxes. Therefore, there are no federal income tax cut savings for Benton REA to pass on to its members.

You are already benefiting from federal corporate income tax not being imposed upon Benton REA. This is just one reason Benton REA and its members are more powerful together.

Electric cooperatives, like Benton REA, are locally owned by the members they serve. We strive to keep rates affordable for all members and all net margins are allocated to our members each year in the form of capital credits. Because we are locally owned and controlled we are more powerful together and automatically pass any savings through to you.

Sincerely,

Michael J. Bradshaw

General Manager

mikeb@bentonrea.org

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