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Please contact:
Will Holford
Manager of Public Affairs
512-332-7955
will.holford@bluebonnet.coop
Alyssa Meinke
Manager of Marketing & Communications
512-332-7918
alyssa.meinke@bluebonnet.coop
Next Board of Directors' meeting
Sept. 16
The agenda for the Board meeting is updated the Friday before the meeting.
News releases
Bluebonnet Electric Cooperative’s Board of Directors unanimously voted during its April meeting to return $6.23 million in capital credits to member-owners of the cooperative, an increase of more than $500,000 over last year. Beginning in May, Bluebonnet’s members will receive a credit on their electric bill for their share of $6.23 million in capital credits.
“We are proud to return historic amounts in capital credits to our members year after year,” said Ben Flencher, Bluebonnet’s board chairman. “It demonstrates the commitment from our Board of Directors and employees to invest in and serve Bluebonnet’s members and communities for more than 85 years.”
Capital credits are revenue above what it takes to operate the co-op. Every April, Bluebonnet’s Directors approve the capital credits payment. When determining how much to return to members, the Directors consider the impact that the amount returned to members will have on electric rates and the co-op’s financial strength.
The amount each member gets back depends on how much electricity they used in previous years through 2023 and how long they have been a Bluebonnet member. Current members will see a credit on their May electric bill for their share of this year’s capital credits retirement. Former members who are still owed a capital credit will be mailed a check in May or June.
During the past 20 years, Bluebonnet has returned $94 million to members in capital credits.
“The continued, historic growth in Bluebonnet’s service area and sound fiscal management has enabled Bluebonnet to return record amounts in capital credits the past several years,” said Matt Bentke, Bluebonnet’s general manager. “In addition to having one of the lowest electric rates in the state, the credit our members will see on their bills in May is one of the most important benefits of being a member-owner of Bluebonnet.”
Bluebonnet Electric Cooperative and LCRA representatives present a $25,000 grant to the Maxwell Community Volunteer Fire Department for new rescue gear. The grant is part of LCRA’s Community Development Partnership Program. Pictured, from left to right, are, Ambrose Garcia, firefighter; Rick Arnic, LCRA regional affairs representative; Alfredo Hernandez, firefighter; David Childress, fire chief; Margaret D. “Meg” Voelter, LCRA board member; Milton Shaw, Bluebonnet Board member; Mark Kirk, VFD operations manager and firefighter; Jo Anna Gilland, Bluebonnet Lockhart-area community representative; and Hank Alex, Caldwell County deputy chief of emergency management.
The Maxwell Community Volunteer Fire Department will purchase new rescue gear to help keep firefighters safer while responding to emergencies, thanks to a $25,000 grant from the Bluebonnet Electric Cooperative and Lower Colorado River Authority.
The Community Development Partnership Program grant, along with $8,230 in matching funds from the department, will pay for 10 new sets of bunker gear, with each set including a jacket, pair of pants and suspenders.
“Our current gear is nearing expiration and is almost out of service,” Fire Chief David Childress said. “It’s important that we update our gear to keep our first responders safe.”
The gear provides protection against smoke, heat, water, steam and direct flames and is worn when responding to structure fires, car fires and other emergencies. Bunker gear is custom fitted to the person wearing it, so most of the firefighters in the department will receive a new set of gear.
“Using newer gear builds confidence in our firefighters because they feel a little safer as they enter structures,” Childress said. “When you enter a structure fire with older gear, you get second thoughts.”
He said having newer gear will give firefighters peace of mind as they work to protect the public.
“Our community is growing rapidly, so we need better gear to keep up with the growth and keep people safe,” Childress said. “With this gear, we will be better equipped to preserve lives, properties and structures.”
Maxwell Community VFD serves the community of Maxwell and provides emergency services to Caldwell County Emergency Services District #2. It also provides mutual aid to surrounding counties and districts.
The community grant is one of five grants being awarded by Bluebonnet and LCRA through LCRA’s Community Development Partnership Program, which helps volunteer fire departments, local governments, emergency responders and nonprofit organizations fund capital improvement projects in LCRA’s wholesale electric, water and transmission service areas. The program is part of LCRA’s effort to give back to the communities it serves. Bluebonnet Electric Cooperative is one of LCRA’s wholesale electric customers and is a partner in the grant program.
Applications for the next round of grants will be accepted in January. More information is available here.