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C A N A D I A N DECEMBER 2011


V A L ELECTRALITE SUPPLEMENT TO OKLAHOMA LIVING


Put a storm shelter under your Christmas tree SoonerSafe: Storm shelter rebate


A new program from the state of Oklahoma will make storm shelters more affordable to 500 hom- eowners. Managed by the Oklahoma Department of Emergency Management, SoonerSafe provides for a 75-percent rebate on the cost of a safe room or storm shelter, with the maximum rebate of $2,000. The program will be awarded to 500 residents via a lottery-style system. To be eligible, homeowners must register at SoonerSafe.ok.gov


The winners will be notified via email if they regis- ter for the program before January 3, 2012. Safe rooms cannot be installed prior to the rebate drawing. Registering for SoonerSafe only ensures that you will be considered for the program and does not guar-


antee that you will receive the rebate.


The program will use a random selection process so everyone who registers will have an equal chance to be selected. Registering early will not improve your odds of being chosen. However, all Oklahoma homeowners whose homes were destroyed in the April 14, 2011 or May 22-24, 2011 tornadoes will receive priority selection as part of this year’s program.


The power of human connections By George As I write this we have just experienced


another noticeable shake. We are just start- ing to get accustomed to these new experi- ences. I am not going to recite my “earth- quake” stories as most all the people who are going to receive this paper have their own. Some of our members’ homes have sus- tained substantial damage from these series of earthquakes. These are not supposed to happen to this magnitude here in east central Oklahoma. We have tornados, floods, wild- fires and ice storms. Now we have to add earthquakes to the list of threats for which we need to be “prepared.” I don’t know who first said this but I


believe that it is considered a “truism.” “If you live long enough, you will experience everything.” Here in central Oklahoma we can now add earthquakes to our lists. cont. on page 2


CVEC Capital Credit Allocations for 2010


Canadian Valley Electric Cooperative capital credit assignments are based on the cooperative's revenues in excess of its expenses. These numbers are recorded as capital furnished by the members and are thus referred to as capital credits. For the year 2010 this amounted to $1,541,963.28. This value is not represented as cash, but as the cooperative's equity interest in its distribution system. Canadian Valley also receives assignments from its generation and transmission cooperative, Western Farmers Electric Cooperative, from which it purchases its power supply. For 2010, this assignment amounted to $2,529,336.76. This money is also assigned as capital credits to the members of CVEC.


This article will serve as your notice regarding the assignment of the capital credits for 2010. This method of notice is being used to avoid the expense of preparing, handling and mailing individual notices. Specific information about your account is available at the cooperative at your request.


The 2010 capital credits are assigned to the consumers as a book figure on the records of the Cooperative. The capital credits are payable to the patrons only upon dissolution of the cooperative after all indebtedness of the cooperative shall have been paid. Any remaining balance shall then be retired on a prorated basis at that time, provided that the Board of Trustees may make a partial retirement prior to such event upon the determination that the financial condition of the cooperative will not be impaired thereby. The capital credits are not cash and can- not be applied as payments on your electric bills. Here’s how to determine your capital credits:


1. Add up your electric bills for 2010.


(Omit taxes and any other non-electricity usage charges.) 2. Locate your rate code on a recent electric bill. 3. Match the rate code in one of the classifications below. 4. Take the classification's decimal factor times the total of your 2010 bills. 5. This amount is your 2010 capital credit. 6. Do this for each electric account you have. Example: 2010 Total Billing - $1,000.00 Rate Code is 2


$1,000.00 x .035869244 = 2010 CVEC capital credit $35.86 $1,000.00 x .042744684 = 2010 WFEC capital credit $42.74


Classification Residential


Small Commercial Irrigation


Large Power


Rate Code 1-4


10-14 16-18


24, 26,


CVEC Factor .035869244 .048688617 .048688617 .031046054


WFEC Factor .042744684 .035840946 .035840946 .045342163


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