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Powerline Press December 2012


A Supplement of Oklahoma Living Published by Lake Region Electric Cooperative for its members. Vol. 3


NEWSLETTER No. 12


Capital Credit Retirement this Month Lake Region Electric Coopera-  Tip of the Month


Did you know a computer can draw as much electricity as a new refrigerator? Turn it off when not in use or switch on its energy-saving mode. Also, cell phone and mp3 player chargers as well as plasma TVs and entertainment centers pull power even when they are off. Unplug these and other applianc- es to save on your electric bill.


Source: Touchstone Energy Cooperatives


 LREC will be closed December 24th & 25th in observance of Christmas.


tive’s (LREC) Board of Trustees has authorized a distribution of $1,067,583 in capital credits to past and present members of 1982 and 2011.


Members can look for the capital


credit retirement on their December bill. If the amount is below $75.00 it will show as a credit and if the amount is higher than $75.00 mem- bers will receive a check.


When LREC closes its books at the end of each year, hopefully the cooperative has money left over when all the bills have been paid and all the expenses have been taken into con- sideration. In the cooperative business, this is called a margin. An investor-  this is where the big difference is between a cooperative and an investor-owned utility. Being part of a coop- erative, you, the mem- bers are the owners. Therefore, the margins


are returned to you and are paid back to you, the members, in the form of a capital credit retirement. The board will de- termine when capi- tal credits are to be retired based on the   of the cooperative.


LREC Powerline Press


The electric utility business requires large amounts of capital to operate and provide servic- es. Electric cooperatives typically reinvest capi- tal credits in the business operations. If a coop- erative pays too many capital credits too quickly, then day-to-day cooperative working capital is depleted, and the extra cost of borrowing new money would be passed on to the members. If you move from the area, the capital cred- its will remain in your name. Whenever capital credits are retired for a given year, they are paid to everyone who paid an electric bill that year regardless of whether they remained a member or moved.


If you do move, it is important to keep LREC informed of your current address so you will receive your capital credit check when they are retired.


If you have any questions about capital cred-


 toll-free at 800-364-LREC.


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