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RATES HOLD STEADY FOR ANOKA ELECTRIC COOPERATIVE CUSTOMERS

 RATES HOLD STEADY FOR ANOKA ELECTRIC COOPERATIVE CUSTOMERS
 ANOKA, Minn., Nov. 5 /PRNewswire/ -- Electric rates for Anoka Electric Cooperative (AEC) customers will remain the same in 1993. This marks the sixth consecutive year without a rate increase.
 In a time where inflation is viewed as the inevitable, it is assuring to see something remain stable.
 "This stability reflects the company's historical mission and ongoing commitment to be receptive and responsive to customer needs," said Richard D. Newland, AEC general manager.
 Multiple factors influence AEC's ability to keep rates where they are. "Stable wholesale power costs and proper planning contribute to AEC's record of six years without a rate increase," added Newland. United Power Association, AEC's wholesale power supplier, provided stable energy prices to help maintain rates. Also, a management policy called Margin Stabilization, minimizes the t?ly effects of extreme weather on rates. By deferring margins from good years to bad years, it enables AEC to meet its financial requirements without the need to increase rates.
 AEC, the largest electric cooperative in Minnesota, is a non-profit, customer-owned company providing electric energy to 73,000 homes and businesses in Anoka, Sherburne and portions of Isanti, Ramsey, Chisago, Hennepin and Washington counties.
 -0- 11/5/92
 /CONTACT: Mike Rajala of Anoka Electric, 612-323-2680/ CO: Anoka Electric Cooperative ST: Minnesota IN: OIL SU:


KH -- MN007 -- 7726 11/05/92 12:43 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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