Merger of Electrical Cooperatives Pays Off

January marks two years since the merger of the former Hickman-Fulton Counties Rural Electric Cooperative Corporation with Gibson Electric Membership Corporation. During that time, former HFCRECC members have seen a cumulative savings of over $2.9 million.

As promised, members have received an immediate distribution rate decrease and individual savings reports at six months and one year. 

Fulton County Judge Jim Martin said he's glad the merger took place. He said Gibson EMC has delivered on all of its promises. 

"Not only have the county's bills decreased, but service also has improved. This was especially clear following the tornado that tore through our area last year. Crews from several of Gibson EMC's other member service centers joined our Hickman crews in making the repairs and restoring service quickly," Martin said. "We also appreciate the support Gibson EMC is providing for our county economic development program as we continue our pursuit of new jobs and business investment. And, I'm really pleased that Gibson EMC is working through the formation of Gibson Connect to provide high-speed, fiber-based internet service access to our area." 

In addition to cost savings, Gibson EMC has invested in the physical electric system during the last 24 months. 

"The merger and transition went very smoothly and our members are happy we made the change," said former HFCRECC Board Chairman and current Gibson EMC board member David Kimbell of Clinton. 

Gibson EMC will mail out individual savings reports for the full two-year period.