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commentary currents A New Way to Pay


Kiwash Electric members who appreciate instant information will enjoy the co-op’s new interactive phone service. Using Call Capture, you can find information on your co-op account using an automated phone menu. The system includes a pay-by-phone option that allows you the freedom to pay via phone 24/7.


There are no busy signals when you use CallCapture; plus, you can rest easy knowing your payment is recorded the same day. VISA, Mastercard or electronic check with proper pin and routing


information are accepted.


When using CallCapture, you will be asked to provide your current telephone number as listed with Kiwash Electric Cooperative, or provide your Kiwash account number. Please provide your co-op with your current phone number by calling 888-832-3362.


To use CallCapture, please call 855-875-7216.


Earn a Cash Rebate


Install an all all-electric, energy efficient geothermal heat pump and qualify for a rebate from your co-op of up to $1,000 per ton. To qualify, units must have a minimum seasonal energy efficiency rating (SEER) of 18.5 and a coefficient of performance (COP) of 3.6. The rebate applies to geothermal heat pump installations in new homes, conversion from a gas furnace, or upgrades from an air- source heat pump. Geothermal units with a gas back-up system qualify for the air-source rebate rate of $175/ton.


Be sure to save the proof of purchase, installation receipt, and energy efficiency rating information. You will need it to apply for the rebate. For more details, please visit www. kiwash.coop or call 888-832-3362.


Money Back for Ownership


There are roughly 900 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,


Y are a part of this vast network.


One major difference between a cooperative and other electric utilities is that electric co-ops return profits 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 member owned, not-for-profit 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


our cooperative is known as a consumer-owned, private non-profit organization.


credits) are distributed to the co-op’s consumer-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, we subtract operating expenses from 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 Cooperative board of directors allocated $299,759 to be issued as capital credits to the membership. In 2013, the electric rates did not recover enough funds to make “margins” due to a cool summer; thus, the board will be issuing capital credits from prior years. Each member-owner has a


BY DENNIS KRUEGER G E N E R A L M A N A G E R


2 | SEPTEMBER 2014 | Kilowatt


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