Some members said they think the mission needs to be rewired.
O'Dell cites South River's customer service ratings and service projects as evidence the utility meets its mission.
“That money is out there in the lines, in the substations, in the transformers.” “It's not in an account somewhere drawing interest,” O’Dell said. “We want people to have what they've earned,” Jackson said. Longtime members are entitled to share in company profits each year, but 10 years ago, the board quietly decided to discount lump-sum payments when members die, which Jackson said was a surprise. Yet, even with the South River website, press releases and monthly magazine, some critics said they still see a disconnect. “I feel like we communicate very well with our members,” O’Dell said. With the notice policy, there's no record that a member applied and attended a board meeting ever. O’Dell said the board just wants efficient, organized meetings. “The secrecy of it all is the red flag,” Chancy said. Members who want to attend must fill out an application weeks in advance. “That really gets people's attention.”Īnother thing getting attention is the South River Board of Directors meeting policy. “It creates suspicion and unrest,” member Cris Jackson said. “Why does anybody need to make that much money? You know nobody needs to make that much money,” South River member Jonathan Temple said. A protection plan from HomeServe replaces the. The head of French Broad Electric Membership Corp., for example, makes $185,000, while Wake Electric Membership Corp.'s chief makes $402,000 and the head of Carteret-Craven Electric Membership Corp. South River EMC is excited to announce a partnership with HomeServe to offer home-protection plans to members. All rights reserved.WRAL Investigates found Creed's pay tops most of his electric co-op peers around the state. FINDENERGY is a comparison and research website that does not directly offer any energy related products.Ĭopyright © 2022 - 2023 Find Energy LLC. All trademarks remain the property of their respective owners, and are used by FINDENERGY only to describe products and services offered by each respective trademark holder. This data is not always in agreement with annually released government data due to differences in calculation methods and time periods. Additionally, this data is compiled using known ownership relationships between power plants and electricity providers, while some of these relationships remain unknown. These 12 month periods may vary from provider to provider and from power plant to power plant, as some entities are required to report on a rolling monthly basis others report on an annual basis. Unless otherwise noted, all data is a compilation of the most recent 12 months of government released data. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.ĭisclaimer: The data displayed on this page may be incomplete or incorrect. The company currently does not generate any of the electricity that they sell. This is the 1551st lowest average monthly bill amount for a provider in the United States. The United States average monthly residential power bill is $ 131.84, while the South River, New Jersey Electric Utility average is 11.56% below at $ 116.59 per month. The provider earned $ 15, 012, 100 in 2019, which they earned entirely through electricity sales to end users. Of the megawatt hours they sourced, 57, 242 megawatt hours were obtained via wholesale channels. Of the 57, 242 megawatt hours the supplier sold and dispossessed, 54, 049 were from retail sales. This makes the company 18th out of 21 suppliers in the state for best average electricity price. On average, South River, New Jersey Electric Utility's residential electricity rate is 19.33 cents per kilowatt hour, which is 17.37% more than New Jersey's average price of 16.47 cents. These customers are a mix of 5, 775 residential customers and 672 commercial properties. For example, if a bill is 135.67, the bill rounds up to 136 and the extra 33¢ is deposited into the Community Assistance Corporation fund. Currently, 6, 447 consumers are provided electricity by the supplier. Operation Round Up is a voluntary program that enables members of South River EMC to round up their electric bill to the next whole dollar. This year, the cooperative is returning the remainder of the 2005-year, 100 percent of the 2006 year, 45 percent of the. South River, New Jersey Electric Utility is a municipally owned organization supplying electricity in South River in Middlesex County, New Jersey. South River EMC uses the money as operating capital before it’s returned.
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