Franklin REC Alternative Energy Fund
What is it?
- A voluntary fund to assist in the purchase of wholesale alternative energy or "green" energy in Iowa.
Why does Franklin REC need this fund?
- Iowa state law requires electric utilities to offer a voluntary alternative energy purchase program to people they serve.
- The cost to acquire this energy exceeds the cost to generate power from our generation and transmission cooperative's (Corn Belt Power Cooperative) other generation resources. This fund will be applied to the purchase of renewable energy.
Where will this energy be purchased from?
- One of the sources is the wind energy center in Hancock County.
- If the demand from consumers exceeds the output from the wind energy center, then Corn Belt Power, on behalf of Franklin REC, will make additional investments in renewable energy in Iowa.
Why would I want to participate?
- Some people are very supportive of the environment and want to protect it.
When did it start?
- It started on Jan. 1, 2004. It is voluntary and can be added to your monthly bill in $1.00 increments.
How will I know that I am receiving green power?
- We cannot guarantee that you will receive power generated with renewable resources if you participate.
How do I participate?
- Complete the enrollment form by clicking on the button below and return it to the office or stop in and fill out an enrollment form. You may stop or start the contribution program at any time.