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Powerline Press December 2016


A Supplement of Oklahoma Living Published by Lake Region Electric Cooperative for its members. Vol. 7


(QHUJ\ (I¿FLHQF\ Tip of the Month


Electric bills increase during the winter for a variety of


reasons––holiday gatherings,


houseguests, and shorter days and longer nights. Small measures, like turning down your thermostat, replacing incandescent bulbs with LEDs and washing clothes in cold water can help control energy costs.


Source: energy.gov 2I¿FHV &ORVHG


LREC will close at noon on December 23rd and all day the on 26th in observance of Christmas. 2I¿FH ZLOO EH closed January 2nd for the new year.


When you signed up to receive electric service from Lake Region Electric Cooperative, you be- came a member of an electric cooperative. While LQYHVWRU RZQHG XWLOLWLHV UHWXUQ D SRUWLRQ RI SUR¿WV back to their stockholders, LREC operates on an DW FRVW QRW IRU SUR¿W EDVLV 6R LQVWHDG RI UHWXUQLQJ SUR¿WV NQRZQ DV PDUJLQV WR VWRFNKROGHUV ZKR may not live in the same region or even the same state as you do, LREC allocates and periodically retires capital credits based on how much electric- ity you purchased during a year.


The Board of Trustees has authorized a total distribution of $1,086,391 in capital credits to current and former members durning the years of 1984, 1985 and 2015.


An amount of $503,755 will be retired for 1984 and $375,040 for 1985, the amount of $207,596 for the year of 2015. Residential members will receive their capital credit retirement on their 'HFHPEHU ELOOLQJ VWDWHPHQW DV D FUHGLW UHÀHFWLQJ their contribution of capital to the ownership of the cooperative. The average retirement for 1984 is around $27.99, for 1985 is $20.00 and for 2015 is $7.77. Please look for credit on your December bill. If the amount is below $75.00, the amount will show as a credit and if the amount is higher than $75.00 members will receive a check.


These funds help operate the co-op, reduce the amount of money we need to borrow from outside lenders to build, maintain and expand a reliable electric distribution system, and cover emergency expenses.


If you move or no longer have electric service with LREC, it is important that you inform the cooperative of your current address, so that future retirements can be properly mailed to you. If you purchased electricity during the years being re- tired, then you are entitled to a capital credit retire- ment, even if you move out of the LREC service area 3035301.


Electric Cooperatives operate at cost, any excess revenues, called margins are returned to the members in the form of capital credits.


NEWSLETTER No. 12


Capital Credit Refunds on December Bills


LREC Powerline Press


1


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