Holy Cross replenishes bill payment assistance program with $250,000
April 22, 2021
Holy Cross Energy’s board of directors on Wednesday voted to replenish the electric cooperative’s bill payment assistance program with another $250,000 available through July, noting there is still a community need as its service area still grapples with pandemic-induced hardships.
The program was first authorized last April with $500,000, and has helped about 1,600 members to date. About 250 of those members have used the full assistance amount, up to $1,000 for any residential member and up to $2,000 for any commercial member.
The board unanimously approved the additional funding for the assistance program, noting that the program is being funded with member capital credits that have gone unclaimed for three or more years.