Finance & Governance

/Finance & Governance

Do MCE’s member cities and county assume any financial risk or obligation for participating in MCE?

By | November 21st, 2015|

No. The cities and counties have firewalled their general funds through the formation of a Joint Powers Authority (JPA). The debts and liabilities of the JPA do not extend to the member cities and counties. This firewall is protected by state law.

Are any tax dollars used to finance or operate MCE?

By | November 21st, 2015|

No. MCE is funded by revenue it receives from our customers based on the electricity they use.

Does the MCE Board of Directors receive a salary or other payment or benefits?

By | November 21st, 2015|

No. The Directors are not paid by MCE. The MCE Board of Directors is comprised of elected city and county officials representing each of the communities that MCE serves.

How is MCE financed?

By | November 21st, 2015|

MCE is financed by the revenues received from our customers based on the electricity they consume. MCE is self-funded and does not use any tax dollars. MCE is a not-for-profit public agency which ensures that any financial benefits directly serve the community.