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People’s Powerline PAGE 2 • September 2012


Attention all 11th


grade students:


Don’t miss the opportunity of a lifetime!


P


EC’s 2012-2013 Youth Tour Contest is open to ALL 11th grade students enrolled in a school system located in one of the 11 counties served by PEC.


The contest consists of a 50 question fill in the blank test. Study materials can be found at www.peopleselectric. coop/youthtour or can be mailed upon request. The Youth Tour Test will be administered at PEC’s headquarters located at 1600 North Country Club, Ada, Oklahoma. The test will be given on Monday, November 5, 2012, at 6:30 p.m. and Saturday, November 10, 2012, at 10:00 a.m. Students who wish to participate in this program should fill out the Youth Tour registration form at right. Registration forms must be received by 5:00 p.m. on Monday, October 29, 2012.


At the conclusion of the testing dates, an invitation will be extended to the


students receiving the top 10 scores on these tests to compete in an interview competition for the purpose of selecting participants for the Youth Tour trip. Three judges will be selected from outside PEC’s service territory to conduct the interviews and select the winners of PEC’s Youth Tour competition. These judges will select three winners and three alternates from the 10 competitors. The three winners will receive an all-expense-paid trip to Washington D.C. and will travel with students from across the state who won similar contests. 0660801500


If you have a child or grandchild enrolled in a school system in one of the 11 counties served by PEC, please share this incredible opportunity with them. Should you have any questions about Youth


Contest guidelines


Tour or require any additional information, please contact Sarah Jane Johnson by phone: (580) 272-1553 or by email: sjohnson@peoplesec.com. 0591900702


2012-2013 Youth Tour Contest Registration


Name: ___________________________ High School: _______________________ Mailing Address: Street _______________ City _____________ State __________


Zip _______________________________ Home Phone: ______________________ Parent/Guardian Name: ______________


I will be taking the test on: (check one) ____ Monday, November 5 - 6:30 pm. ____ Saturday, November 10 - 10:00 am.


Send registration form to: Sarah Jane Johnson, PEC


P. O. Box 429, Ada, OK 74821-0429


Allocated Patronage Dividend Based Upon Patronage Taxable Income For 2011 Tax Purposes


The Notice of Patronage Taxable Income Allocation for Tax Purposes is issued in accordance with the Bylaws of People’s Electric Cooperative. The amount of patronage taxable income for the calendar year 2011 that exceeds patronage book income due to 2011 net temporary book/tax differences is $5,910,787.02. The majority of this allocation is a result of the leaseback transaction that was approved at 2002’s Annual Meeting and completed in 2004. The allocation factor is .1240764917 for residential accounts, .1414765691 for general service/commercial accounts, and .0452349720 for large power accounts. To determine your amount of this allocation, multiply the allocation factor by the total amount of your electric bill for 2011. This allocated amount is not immediately available as either cash or credit on your electric bill. These notices are redeemable only at the discretion of PEC’s Board of Trustees, and are not required to be reported by you for income tax purposes until redeemed for cash and then only if you receive an income tax deduction for the payment made to the cooperative during 2011. Accordingly, it is unlikely that residential patrons will be required to report such allocations even when paid to them in cash or credited to their electric bill. If you have any questions concerning this allocation please call Debbie Christian or Carlton Tilley at 580-332-3031.


Time’s Running OUT


to take advantage of PEC’s 2012 Co-Funded Rebate for geothermal heat pump installations.


Additional rebates up to $525 per ton for geothermal heat pump installations at your home expire October 31, 2012. For program requirements, visit our new website: www.peopleselectric.coop/rebates.


2012 Youth Tour


OCTOBER 31


YOUTH TOUR CONTEST REGISTRATION


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