Pictured at right (l-r), PEC’s Director of Member Payment Services Amanda Carter
presents a Co-op Proud gift basket to winning member, Carol Nye of Sulphur. Ms. Nye
signed up on PEC’s bank draft program, Sure B.E.T., in May to win our most recent Co-op
Proud drawing. Purchase or join a monthly featured product any time throughout the
year, and you’ll be entered to win. Our next drawing is scheduled for September 1, 2014.
You Get the Credit Continued from page 1
from year to year, and it may not always be the amount you’d like it to be, but it’s an example of the fi nancial strength your cooperative continues to achieve. Capital credit refunds are to you
what dividends are to stockholders at for-profi t companies. You get the credit when our revenues exceed costs. Our goal is to provide you with electricity at a price that is as close to cost as possible. That way, more of your money stays in your pocket—up front. The retirement of capital credits—
so-called because members provide capital to the cooperative for it to operate and expand—depends on the co-op’s fi nancial status. When PEC’s Board of Trustees determines that the fi nancial condition of the co-op will permit the retirement of this capital to the membership, it is returned to you in the form of a check at annual meeting. Since 1987 PEC has retired
approximately $18 million in capital credits to its members. Nationally since 1988, U.S. co-ops have collectively
retired over $9.5 billion to 42 million Americans in 47 states, based on data from the federal Rural Utilities Service and the National Rural Utilities Cooperative Finance Corporation (CFC), a private market lender to electric cooperatives. “Allocating and retiring excess
revenue to members helps distinguish cooperatives,” points out Carlton Tilley, PEC’s Senior Vice-President of Administrative Services. “We’re proud to support our communities by putting money back into the local economy— and into the pockets of those we serve. It makes our business model special.” In short, you are receiving a vital
resource, electricity, from a business owned and operated by you, your friends and neighbors. Working together, we provide you with the highest level of service we can while striving to keep your electric bills aff ordable. That’s the cooperative diff erence, and
that’s why we’re proud to give you the credit. 742300100
Business Hours
8 a.m. to 5 p.m. Monday-Friday (877) 456-3031 or (580) 332-3031(Ada Area)
24 Hour Outage Reporting System (877) 272-1500 or
(580) 272-1500 (Ada Area) Website:
www.PeoplesElectric.coop
IMPORTANT DATES Bills mailed ........................................31st Bills should be paid by the .........10th Cutoff s made ...................................20th
STEPS TO FOLLOW IF YOUR
ELECTRICITY GOES OFF 1. Check your fuse or breaker box. 2. Check with your neighbors. Are they off ? Have they reported the outage?
3. Call our 24 hour Outage Reporting System at toll-free 1-877-272-1500 or (580) 272-1500 (local Ada area).
4. Always report outages promptly! Remember, the cooperative's responsibility ends at the meter. If a service call is made and the trouble is found on the consumer's side, a $50.00 service charge will be assessed.
5. For faster service, please make sure we have the correct phone number(s) for your account on fi le. Your phone number will be used to access your account information.
Providing electricity and energy service to over 20,000 meters in the following 11 south central Oklahoma counties: Atoka, Carter, Coal, Garvin, Hughes, Johnston, McClain, Murray, Pittsburg, Pontotoc and Seminole.
BOARD OF TRUSTEES
Murray County Antique Tractor and Implement Association For more
Pauls Valley
19 177 Wynnewood 35 Davis 7 29 Tractor Rd.
Show Grounds
Sulphur To Ada
21st Annual Show September 19, 20, 21
information call: (580) 264-0500 (580) 622-6611 (580) 369-8362
7 miles north of Sulphur on Hwy 177, then 3/4 mile east on Tractor Rd.
Energy Effi ciency Tip of the Month Like homes and other businesses, farms of all types can lower their electricity bills by turning off or reducing use of lights and small equipment in outbuildings. Timers and sensors can help, too.
Source: E Source People’s Powerline September 2014 | 3
Dr. Laurin Patton - Ada Chairman & President
Eldon Flinn - Fittstown Vice Chairman
Jack Lambert - Ada Secretary
Bob Thomas - Coalgate Asst. Secretary./Treas.
Jenny Trett- Sulphur Trustee
People's Powerline is published monthly by
People's Electric Cooperative
P.O. Box 429 Ada, OK 74821
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