(Ramsey, MN) — The announcement of a free Wi-Fi thermostat program and a new Cash Back final payment plan were among the highlights at Connexus Energy’s Annual Meeting held on April 12, 2017, in Ramsey.
“Connexus Energy got all the basics right, and then some,” CEO Greg Ridderbusch reported. With reliability, Connexus is in the top three percent nationally. Our team is ready to do whatever, whenever, and however to get members lights back on after an outage. As far as competitive rates, the average residential member’s electric bill is at or below our neighboring utilities.”
Focusing on new initiatives, Ridderbusch unveiled a new Wi-Fi thermostat program. “We are now offering members a free Wi-Fi thermostat when they enroll online in an energy-savings program. With this new product, members can put an app on their mobile device and control their thermostat remotely.” He also gave an update on the meter upgrade project that should be completed by the summer of 2018.
During his financial report, Chief Financial Officer Mike Bash announced that next month Connexus Energy will start paying the present value of a member’s Cash Back on a member’s final bill. Currently, there is a 25-year payout schedule of Cash Back to former members. Bash also reported on the cooperative’s solid financial strength. “Connexus Energy is healthy, strong, and has the resources to meet any challenge we face in the coming years.”
Board Chair Peter Wojciechowski premiered a new video, “Made in Connexus” which focuses on three unique businesses in Connexus Energy’s service area. This video can be viewed on Connexus Energy’s Youtube channel.
In the Board of Directors’ election, incumbents Michael Cady, Donald Holl and Betsy Wergin were re-elected to the board.
Connexus Energy is the largest customer-owned utility in Minnesota providing electricity and related products and services to approximately 130,000 homes and businesses in portions of Anoka, Chisago, Hennepin, Isanti, Ramsey, Sherburne, and Washington counties. Additional information about Connexus Energy is available online at connexusenergy.com.