North Western Electric Cooperative is pleased to expand our services into a propane subsidiary company.
NW Ohio Propane (NWOP) offers propane services from a locally owned and operated company to our members and the general public.
Are you an NWEC member and have questions about this venture? We have some answers for you.
NWEC is always looking for opportunities to provide better service for our member-owners. For several years now we have been talking about an “all of the above” approach to energy. We currently have coal, natural gas and renewable sources in our energy portfolio so we started looking at other alternatives.
NWEC had the building and the assets available and initially the co-op fund the business.
Profits go back into our electric cooperative to help us improve the reliability of your electric service.
No and it may actually defer future rate increases for our electric member-owners. If NWEC can use the profits from the propane business to make improvements and expansions to our electric system then we may not need to increase electric rates.
No, the propane rates will be based on a minimal margin just like your current electric rates.
Renewable energy is too intermittent and too price sensitive to make massive investments in at this time.
Approximately 90 percent of the United States’ propane supply is produced domestically. Propane is a byproduct of natural gas processing and crude oil refining.