Adams Electric returns $1.85M to members
Adams Electric’s board of directors voted in February to return $1.85 million in Ownership Rewards to cooperative members, which brings the amount returned for all years to nearly $42 million, the company said April 9.
“It is our pleasure to reward our member-owners in this way,” board President Jay Grove said in a news release. “We can never be sure that each year will bring a return of Ownership Rewards. Be assured that the employees and directors of Adams Electric are working hard to maintain the co-op’s mission of delivering safe, reliable, competitively-priced power and improving life in the communities we serve.”
For more than 50 years, members have received a return on their investment in Adams Electric based upon their share of the cooperative’s net profits. Members who move off co-op lines will continue to receive Ownership Rewards until their investment is completely returned.
Upper Allen hotel recognized
Marriott International recognized High Hotel Ltd.’s TownePlace Suites—Harrisburg West in Upper Allen Township as its Hotel of the Year. The TownePlace was awarded the top honor from among the more than 350 hotels worldwide.
To qualify for the award, eligible hotels must meet specific criteria, and be in the top 5 percent of the brand for “intent to recommend.” They must also comply with strict brand inspection standards, meet top performance thresholds for revenue and show at least 10 percent year-over-year revenue growth.
The TownePlace was opened in 2014 on Ritter Road in the Rossmoyne Business Center and has 120 rooms.