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Capital Credit Refunds on December Bills


Lake Region Electric Cooperative’s (LREC) Board of Trustees has authorized a distribution of $1,066,110 in capital credits to past and present members during the years of 1983 and 2013


LREC will be refunding over one million dollars to our members this December. $492,361 will be for 1983 capital credits and $573,479 will be for 2013 capital credits totaling $1,066,110. Members’ individual refund is calculated on the amount of electricity you purchased in the two years mentioned. The average refund for members for 1983 is $27.83 and the average refund for 2013 is $23.68. If your total amount is below $75.00 it will show as a credit on your bill and if the amount is higher than $75.00 members will receive a check.


Being part of a cooperative, you, the members 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 refund.


In the cooperative business, this is called a margin. An investor-owned


utility would call that a profit and this is where the big difference is between a cooperative and an investor-owned utility.


The board will determine when capital credits are to be refunded based on the financial conditions of the cooperative.


If you move from the area, the capital credits will remain in your name. Whenever capital credits are refunded 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 refunded. If you have any questions about capital credits, you may call our office at 918-772-2526 or toll-free at 800-364-LREC (5732).


Lake Region Electric Cooperative bill statement with capital credit refund posted


LREC Powerline Press 3


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