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Hancock-Wood Electric Co-op announces election results via Virtual Annual Meeting



NORTH BALTIMORE, OHIO – June 13, 2020 – The 2020 Hancock-Wood Electric Annual Meeting took place online this year, due to the circumstances around COVID-19. Members were able to watch the pre-recorded video in the comfort of their homes and hear the election results for districts 2, 7 and 8, as well as an announcement from the board about an early capital credit retirement. 

 “We understand many of our members may be experiencing financial hardship due to COVID-19. In addition to not performing disconnects, the board has made the decision to implement an early capital credit retirement this year,” stated board chairman Tom Kagy. The early retirement of capital credits results in $1,059,172.77 going back to the members of Hancock-Wood Electric.

 Secretary Treasurer, Ed Crawford announced the election results for 2020. Bill Kale, representing District 2; Charles Beagle, representing District 7, and Tom Kagy representing District 8. 

 Kagy also communicated to members there will be no rate increase for 2020. Hancock-Wood Electric members have not had a rate increase in three years.

We demonstrate our Concern for Community by volunteering and donating to local charitable causes. Nearly $500,000 in grants have been distributed in the last decade through grants and Operation Round Up funds to individuals and organizations in need. We also provide assistance to Habitat for Humanity, schools, churches and community events. To learn more, click on Community Involvement above. learn more

Members benefit from electric service reliability, competitive rates, money after co-op bills are paid in the form of patronage/capital credits, discounts, informative co-op publications, easy-to-access payment plans, rebates, scholarships, family-friendly Member-only events and a vote in the direction of Hancock-Wood Electric Co-op. To learn more, click on Member Benefits above. learn more

Hancock-Wood keeps Member owners informed about legislation that could impact their rights or lead to unstable energy costs. Your voice has been heard at the highest court in the land. In response to petitions by electric co-ops, states and industry, the U.S. Supreme Court granted a stay of the Clean Power Plan. This is an unprecedented act by the Supreme Court. To learn more, click on "Legislation" above or go to learn more