For the second time in 10 months, members of Bluebonnet Electric Cooperative will see a rate reduction as well as a record-setting amount of money returned in capital credits.

According to a statement released by the company, the rate reduction will be visible on bills beginning in October. The drop is estimated to save members $3.4 million annually. The company has reduced its electric rate 4% in the past 10 months, with the last reduction taking place December 2019, bringing members a total savings of $9 million annually.

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