Because
of deregulation in other utility industries, you probably
have a general understanding of what deregulation means.
But you may not know exactly how this legislation will affect
you and your future choice of an electric supplier.
Looking
Before We Leap
Because Pioneer is a not-for-profit, member-controlled business,
it is not regulated by the Public Utilities Commission (PUCO).
So, whereas investor-owned utilities must join in deregulation
from day one, we can choose to participate (opt in), not
participate (opt out), or participate at a later time, based
on the needs and desires of our members.
Since,
by law, a cooperative's decision to opt in cannot be revoked,
our Board of Trustees has chosen to opt out of deregulation
for the time being.
What
We Don't Know Can't Help You
Pioneer believes in the concept of competition and customer
choice represented by deregulation. After all, giving consumers
not served by investor-owned utilities a quality choice
for electric power led to the formation of our cooperative
back in 1935.
What
we don't believe in is rushing into deregulation without
fully investigating the potential impact-good and bad-that
it may have on Pioneer and member-owners like you. For instance:
These
and many other difficult issues should be better understood
before a decision for deregulation can be responsibly made.
If
It's Not Broken, Don't Fix It
We believe the decision to "wait, watch and learn"
is in the best interest of all members. Given that Pioneer
already provides electricity at a cost near what it takes
to generate it-a cost lower than neighboring investor-owned
utilities-why risk this advantage by jumping into deregulation
before the dust settles?
Our
goal is not to prevent the choice that our members deserve,
but to offer it in the same responsible, customer-focused
manner our members have come to expect from us.