NW Ohio Propane
NW Ohio Propane coming soon!
North Western Electric Cooperative is pleased to announce that we are expanding our services!
We will offer propane services from a locally owned and operated company to our members and the general public.
NW Ohio Propane, LLC will be opening soon. We are developing a new website but until it is ready you can watch our progress on our FB page www.facebook.com/nwohiopropane as we create this new local business. We will be posting the latest news and information as we have it and as it is happening!
Are you an NWEC member and have questions about this venture? We have some answers for you.
Why did NWEC start a propane company?
NWEC is always looking for opportunities to provide better service for our members. 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.
In our rural area, there are two main energy options - electricity and propane. NWEC has offered electricity for over 80 years so we decided now was the time to offer our members and non-members the same great service from a locally owned and operated propane company.
Where did the money come from to start the business?
NWEC had the building and the assets available and initially the co-op is funding the business.
Who gets the profits if NWEC owns the business?
Profits will go back into our electric cooperative to help us improve the reliability of your electric service.
Will this increase my electric bill?
No and it may actually defer future rate increases for our electric members. 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.
Will I get a discount because I am an NWEC member?
No, the propane rates will be based on a minimal margin just like your current electric rates.
Why not put all that money into renewable resources?
Renewable energy is too intermittent and too price sensitive to make massive investments in at this time.
Where does propane come from?
Approximately 90 percent of the United States’ propane supply is produced domestically. Propane is a byproduct of natural gas processing and crude oil refining.