Hoosier Energy establishes Frank E. Ratts endowment
Matching grant adds $10,000 to further Pike County community assistance
Community services in Pike County are getting a boost thanks to an endowment from Hoosier Energy in memory of Frank E. Ratts, a pioneer leader in bringing the first electric power cooperative generating facility to Indiana.
Cindy Gaskins, director of the Pike County Community Foundation, accepted Hoosier Energy’s $5,000 donation from Jesse Billings, Plant Manager at the Frank E. Ratts Generating Station, a long-time employer in Pike County. Combined with a matching grant from the Lilly Endowment, the Pike County Community Foundation is receiving $10,000 in unrestricted funds to further its efforts to respond to the community’s most pressing needs.
“This will go a long way toward helping us continue to sustain the level of service we provide to those in need in our community,” Gaskins said.
Hoosier Energy’s contribution is part of the company’s ongoing commitment to support member communities. “Giving back to the community is what the cooperative spirit is all about,” Billings said. “In these difficult economic times, it’s not always easy for community organizations to secure the funding they need just to meet day-to-day expenses,” Billings added.
Frank E. Ratts was Hoosier Energy’s first manager and led efforts to build Indiana’s first electric cooperative generating station. Named after him, the Frank E. Ratts Generating Station sits on the banks of the White River near Petersburg in Pike County. The 250-megawatt low-cost coal plant came online in January 1970 and ceased operations on March 10, 2015.
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