Starting in June, members will see a $3 increase in the Power Cost Adjustment (PCA) and a $3 increase in the Access Charge.

This change is driven by several factors, including material costs, which have surged — transformer prices are up over 200 percent since 2019 and overhead wire costs are up 121 percent. Supply chain uncertainties have also led the co-op to triple its inventory value to ensure a quick response when needed.

In addition, natural gas prices, which directly impact the PCA, continue to rise. On top of that, last summer’s hurricanes caused over $20 million in damage. While we expect around $15 million in FEMA reimbursement, a significant cost remains.

General Manager and CEO Ricky Davis first discussed the potential change at the Annual Meeting in March. It was also announced in the May 2025 Kilowatt newsletter. These adjustments help ensure Clay Electric can maintain reliability, manage ongoing cost pressures and support long-term stability.