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2 Kilowatt  SEPTEMBER 2012 the INSIDE YOUR CO-OP


A Touchstone Energy Cooperative


By Dennis Krueger general manager


Kiwash Electric


Cooperative, Inc. Providing the service


that lights up your life.


Office Location PO Box 100


120 W. 1st Street


Cordell, Oklahoma (888) 832-3362


www.kiwash.coop


Find us on Facebook Staff


Dennis Krueger manager


Gene Smith director of finance


Lisa Willard director of communications


Roy Dewees director of operations


Board of Trustees officers


Jack Sawatzky president


Robert Travis vice president


Virginia Walker sec.-treasurer


John Schaufele


asst. sec.-treasurer directors


Ralph Cunningham Leslie Hinds Rex Eagan


Y


our cooperative is known as consumer-owned,  organization. There are


roughly 900 other similar electric cooperatives across this great nation. Electric cooperatives serve over 42 million people in 47 states. You, as a member of Kiwash Electric Cooperative, are a part of this vast network.


One major difference between a cooperative and other electric  to their owners – that’s YOU! Kiwash Electric only keeps what we need to supply, maintain and operate the cooperative grid system. The


remainder is returned to you.


Capital credit distributions from  cooperatives, are somewhat similar to the dividends paid to shareholders of investor-owned utilities. The difference is that a co-op’s “shareholders” are also the members that it serves, and the “dividends” (capital credits) are distributed to the co-op’s member/owners.


Kiwash Electric rates are set to bring in enough money to pay operating costs, make payments on any loans and provide an emergency reserve. At the end of each calendar year, 


In 2012, the Kiwash Electric Cooperative board of trustees allocated over $145,000 to be issued as capital credits to the membership.


the total amount of money collected during the year; the balance is our “margin.” This margin is allocated to each member based on the amount of electricity they use.


This year, the Kiwash Electric board allocated over $145,000 to be issued as capital credits to the membership. Each member-owner has a capital credit account in his or her name or company name. Each time the board issues capital credits, you receive the 


The board of directors has made arrangements for your capital check refund to be credited to your bill this month. After a long hot summer anything to reduce your bill must be a blessing. So members purchasing electricity from Kiwash in 2011 should see some type of capital credit refund on your September 1 bill.


For those who are new to Kiwash Electric service, you are a member of a cooperative and any margins or  returned to you via a capital credit issuance. If you used to be a co-op member but have since moved off Kiwash lines, your check will be mailed to you.


Capital credits are for co-op owners Watch for your allocation on your monthly electric bill


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