Power affected by pole fire near Hibbard localnews8.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localnews8.com Daily Mail and Mail on Sunday newspapers.
Biz Buzz: Local man selling coolers for a cause in new business venture
Updated at
Share This
Biz Buzz is brought to you by Idaho Central Credit Union, the premier credit union in Idaho. Its mission is Helping members achieve financial success.
Marco Rebaza of Blackfoot recently launched an online cooler business. Learn more about the product in the video player above. | Rett Nelson, EastIdahoNews.com
Do you want to know what’s happening in the eastern Idaho business scene? We’ve got you covered. Here is a rundown of this week’s business news across the valley.
BIZ BUZZ
Biz Buzz: Local foodies gaining large following on social media
Updated at
Share This
Biz Buzz is brought to you by Idaho Central Credit Union, the premier credit union in Idaho. Its mission is Helping members achieve financial success.
Angela and Heber Sadovich launched East Idaho Foodies about a year ago. | Courtesy Angela Sadovich
Do you want to know what’s happening in the eastern Idaho business scene? We’ve got you covered. Here is a rundown of this week’s business news across the valley.
BIZ BRIEF
Sadovich family | Courtesy Angela Sadovich
SHELLEY – Angela and Heber Sadovich of Shelley are just like many couples in eastern Idaho. By day, Angela is a registered nurse at Aspen Home Health & Hospice in Idaho Falls, and Heber works at InterWest Moving & Storage. But to more than 1,700 social media followers, the couple is known as the East Idaho Foodies.
Fall River Electric Cooperative announces the payment of another $1 million in the form of a rebate to 2020 owner/customers of the Co-op. The Fall River board wanted to return current profits, referred to as margins, to all the Cooperativeâs owners knowing that many have been impacted by the on-going pandemic. Additionally, this $1M will be infused back into the local economies of the communities of eastern Idaho and southwestern Montana.
This is on top of the $1.015 million plus paid out to owner-members in December through the Cooperativeâs Patronage Capital program, meaning Fall River Electric has now distributed over $2 million dollars within the last two months. Februaryâs disbursement is to those customers that purchased power last year while the December payments were to members of the Co-op that purchased power back in 2000. The patronage capital program is where extra revenues over the cost of operations is then disbursed to its owner-members on an approximat
Fall River rebates its 2020 customers
ASHTON, Idaho (KIFI)-The Fall River Electric Cooperative is distributing a second rebate to its 2020 owner/customers.
The $1 million payment was approved by the Fall River Board of Directors and comes on top of $1.05 million paid out as part of the utility’s Patronage Capital program in December.
Fall River CEO Bryan Case explained, “When the pandemic struck our area, Fall River Electric tightened its belt and reduced expenses. Although energy sales to businesses shrunk, residential energy sales increased as people self-quarantined or worked from home which contributed to better-than-projected revenue in 2020.”
The amount of the rebate is based on how much each owner-member paid for electricity in 2020. It will be provided as a credit on their February statement.