A new era for CREC
On July 20, 2020, Cuivre River Electric Cooperative celebrated a milestone event when the doors of our new headquarters building in Troy opened to members.
As your cooperative team continues to settle into safe, secure and more energy-efficient offices, I would like to thank you, our members, for your patience and support during this transition. The new building provides us with some much-needed space, today and for future growth.
However, we’re not done yet. Phase two of construction is underway and includes the expansion of member and employee parking areas. The new lots will take the place of our old office building that has been demolished. Additionally, renovations to the original warehouse that was slated to remain a part of our campus continue as scheduled.
If you haven’t visited our new building yet, please be aware of changes on how to access parking and the drive-through. Temporary signs have been placed near our driveways to help direct you to the drive-through or for you to park and enter the building. Please follow the signs and sidewalk to the proper front door entrance. The new building’s entrance may not be easily seen as construction activity right next to it continues.
When a cooperative decides to embark on a capital improvement of this magnitude, some members may fear that the cost will impact their electric bill or eliminate capital credits. As has been said since we began, this is not the case for CREC. Your rates will not increase because of this project. You will also continue to receive your annual capital credits. The new building is like any co-op asset, such as new electric poles or a transformer. It is a long-lasting investment. Because CREC serves a growing dynamic area, one of the benefits of that is revenue from that growth which helps to offset some of the co-op’s financing needs. And as a more energy-efficient facility, that also means some savings on day-to-day functional expenses.
Continue to use CREC’s website as a resource for new information about this continuing project, call us at 800-392-3709, or keep an eye on our social media channels.