Gibson EMC Merger Effective January 1
January 1 marked the effective date of the merger of Hickman-Fulton Counties Rural Electric Corporation (HFCRECC) with Gibson Electric Membership Corporation. With months of study, analysis, discussion and voting behind us, we're now transitioning to one bigger and better cooperative.
While some things will change, many will not. You are still our member-owners. We are still member-controlled and not-for-profit. We (your board members and employees) are still here to serve you.
The former HFCRECC employees are now members of the Gibson EMC employee family, backed up by another 87 dedicated Gibson EMC employees.
The merger will benefit Gibson EMC members in the long-term and benefit the former HFRECC members immediately. Using savings from the merger, former HFCRECC members will see a rate decrease effective Jan. 1, 2016. Energy used on and after Jan. 1 will be billed at the new rate. In other words, bills received on and after Jan. 25 will reflect the lower distribution rates.