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Powerline Press NEWSLETTER December 2011


A Supplement of Oklahoma Living Published by Lake Region Electric Cooperative for its members. Vol. 2


No. 12


Board Approves Capital Credit Retirement for December As a Member of Lake Region Electric Cooperative, You Get The Credit.


 Tip of the Month


Turn off kitchen, bath, and other exhaust fans within 20 minutes after you are done cooking or bathing. When replacing exhaust fans, consider installing high-  models.


Source: U.S. Department of Energy


 LREC will close at 12:00 p.m. on December 23rd and all day the 26th in observance of Christmas.


When you signed up to receive electric service from Lake Region Electric Cooperative (LREC) you became a member of an electric cooperative. While investor-owned utilities return a portion of        -  stockholders who may not live in the same region or even the same state as you do. LREC allocates and periodically retires capital credits based on how much electricity you purchased during a year. The Board of Trustees has authorized a to- tal distribution of $1,204,682 in capital credits to


current and former members of 1981 and 2010. An amount of $272,806 will be retired for 1981 and $931,876 for 2010. Residential members will receive their capital credits retirement through a  to the ownership of the cooperative. The aver- age retirement for 1981 is $14.36 and for 2010 is $37.39. Members can look for the credit on their December bill. If the amount is below $75.00 the amount will show as a credit and if the amount is higher than $75.00 members will receive a check. These funds helped us keep the lid on rates, reduced the amount of money we needed to bor- row from outside lenders to build, maintain, and expand a reliable electric distribution system, and covered emergency expenses.


If you move or no longer have electric service with LREC, it is important that you inform the cooperative of your current address, so that fu- ture retirements can be properly mailed to you. If you purchased electricity during the years being retired, then you are entitled to a capital credit retirement, even if you move out of the LREC service area.


LREC Powerline Press


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