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Febuary 2016


www.cimarronelectric.com Capital Credit Checks Coming!


The Cimarron Electric Cooperative Board of Trustees has approved $430.000.00 in patronage capital pay- ments to members of the cooperative.


The payments are based on margins of energy pur- chased during preceding years and will be paid ac- cording to the amount of kilowatt hours of electricity used during the specific years that are being retired.


The checks will be mailed this month. The capital credit payments this year will be based on usage from 1956 through 1986.


Western Farmers Electric Cooperative (WFEC) is actually paying Cimarron Electric Cooperative(CEC) Members for the capital credits accrued from 1956 through 1975. Cimarron Electric Cooperative’s Board of Trustees authorized pre-paying WFEC’s capital credits from 1975 to 1986.


This will get all Cimarron Electric Members current with all capital credits owed to members being re- tired through the year 1986. (Cimarron’s last capital credits were paid up through 1986.)


What is Patronage Capital? CEC is a cooperative, so each member-owner has a share in money that is left over after all operating costs are paid. This money is called margin. A mem- ber’s share of the margin is called capital credits or patronage capital, and is determined by how much electricity was purchased. The more purchased, the bigger the share. Members are allocated their share of margins each year. That share is later refunded when CEC is financially able.


We are always current on the payments of capital credits to estates. When we are presented the prop- er certificates, we pay out to our member’s families for both CEC and WFEC capital credits.


High winds with freezing rain caused the lines to gallop. This galloping broke thousands of poles, cross arms and wires.


Like the Thanksgiving ice storm, this Christmas ice storm hit a couple of days after the holiday. This ice storm started out with rain, then sleet, then the dreaded freezing rain and finally snow. With tempera- tures at or below freezing, the ice started to build up.


What turned it into a monster was the wind! The high winds for Sat., Dec. 26 were 39 mph with gusts of 52. Sunday had high winds of 47 with gusts of 71 mph. Mon. had 39 mph high winds with gusts of 49 mph. Needless to say, we have never seen such line gallop- ing in our lives. (galloping is when ice forms on wires and acts like an airplane wing. The wind causes the line to lift and then fall under the weight. This action can eventually break down the poles, cross arms and wires.)


For three days, all we could do was clear downed poles and wires and wait for the precipitation and wind to pass. Once it did, we put together the largest work force of trucks, men, contractor crews and sister Co-op crews that have ever been assembled in Cimar- ron’s history. (Photos and story continue on pages 5.)


Ice and Wind Nightmare!


It was like the same bad dream, but it turned into a nightmare with 71 mile per hour wind gust!


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