{"id":25385,"date":"2019-04-03T17:28:29","date_gmt":"2019-04-03T21:28:29","guid":{"rendered":"https:\/\/www.westbendnews.net\/autonews\/?p=25385"},"modified":"2019-04-03T17:28:39","modified_gmt":"2019-04-03T21:28:39","slug":"paulding-putnam-electric-and-midwest-electric-co-ops-consider-consolidation","status":"publish","type":"post","link":"https:\/\/www.westbendnews.net\/autonews\/paulding-putnam-electric-and-midwest-electric-co-ops-consider-consolidation\/","title":{"rendered":"PAULDING PUTNAM ELECTRIC AND MIDWEST ELECTRIC CO-OPS CONSIDER CONSOLIDATION"},"content":{"rendered":"\n

(St Marys, OH \u2013 Paulding, OH) The boards of Paulding Putnam Electric Co-op (PPEC) and Midwest Electric have voted to conduct a comprehensive study of consolidating the two organizations.  If the study results are positive and both boards agree to proceed with a consolidation, the decision would go before the membership of both cooperatives for a final vote. 

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An initial study by National Rural Utilities Cooperative Finance Corporation (CFC) estimates $11 million – $13 million in savings over a 10-year period. Currently, the two electric co-ops have a shared service program where they share a communications coordinator and an energy auditor. \u201cIt has been very beneficial in terms of cost savings and provides a glimpse of what could be possible with a full consolidation,\u201d stated Midwest Electric CEO Matt Berry. 

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\u201cA full study will be more comprehensive than the initial CFC study and will help answer specific questions such as where the savings would come from. Ultimately, the primary reason is meaningful, long-lasting financial savings for our members,\u201d said Paulding Putnam Electric Co-op CEO George Carter. 

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The new study will be conducted this spring by the National Rural Electric Cooperative Association and will take 8 weeks to complete. Throughout the coming months and after the study, both co-ops will communicate results with their members and employees at meetings and through a variety of communication channels. Berry and Carter said feedback, questions, and concerns will be solicited throughout the entire process.

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At the end of the study process and after seeking member input, each board will determine whether to proceed with a recommendation to consolidate. If both boards recommend consolidation, the members of both cooperatives will vote on a proposal. 

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\u201cMidwest Electric and Paulding Putnam Electric are small electric cooperatives, smaller than average, \u201csaid Berry. \u201cThat poses unique economic challenges yet opens the door for us to consider alternative operational models. Because the delivery of cost-effective value is a priority for both organizations, we believe it\u2019s in our members\u2019 best interest that we thoroughly investigate whether a consolidation can deliver beneficial results to our members.\u201d 

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\u201cA decision to proceed with a full study is absolutely the right decision for both boards, \u201cstated Carter. \u201cThey\u2019re being very measured and thoughtful, and not rushing into anything. They\u2019re taking a considerable amount of time to ponder this. This is the most important decision the board will ever make. They\u2019re in a position where whatever decision they make, whether go or no-go, has a huge impact on the cooperative, its members and employees.\u201d 

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Midwest Electric serves 10,772 members in West Central Ohio, while Paulding Putnam Electric Cooperative serves 13,063 in Northwest Ohio and Northeast Indiana. The two co-ops service territories meet at Van Wert and Putnam counties. To learn more about this study and potential joint venture, visit www.midwestrec.com<\/a> or www.PPEC.coop<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

(St Marys, OH \u2013 Paulding, OH) The boards of Paulding Putnam Electric Co-op (PPEC) and Midwest Electric have voted to<\/p>\n","protected":false},"author":3,"featured_media":436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","nf_dc_page":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[12100],"class_list":["post-25385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community","tag-consolidation"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.westbendnews.net\/autonews\/wp-content\/uploads\/2012\/12\/Paulding-Putnam-new-logo.jpg?fit=1042%2C256&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2YQd9-6Br","jetpack-related-posts":[],"jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-27 00:29:31","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts\/25385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/comments?post=25385"}],"version-history":[{"count":0,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/posts\/25385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/media\/436"}],"wp:attachment":[{"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/media?parent=25385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/categories?post=25385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westbendnews.net\/autonews\/wp-json\/wp\/v2\/tags?post=25385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}