Patronage Capital Allocated C


oopera ve businesses are unique because they are owned by the


members they serve and because they are guided by a set of seven principles that refl ect the best interests of those members. One of the seven guiding principles is Members’ Economic Par cipa on.


Economic par cipa on means simply that members contribute equitably to, and democra cally control, the capital of their coopera ve. The coopera ve does not issue stock, and surpluses are margins, not profi ts.


Margins exceeding what is required to operate the coopera ve are allocated to member patronage accounts. The success of the coopera ve is shared with its


members through an annual patronage alloca on.


Your electric coopera ve trustees recently allocated 2016 margins totaling $4,961,711 to member patronage accounts. To the average member using 1,343 kilowa -hours per month during 2016, the amount represents an annual alloca on of $129.89.


To calculate the capital credits allocated to your member patronage account for 2016, simply mul ply the alloca on factor of $0.0080595138 by your total annual kilowa -hours of service in 2016. *974274*


Current members of the coopera ve will be provided the amount of their alloca on on their June 2017


electric bill in the top, right-hand corner. This amount will remain in your patronage capital account un l a future patronage re rement is made.


Your coopera ve management is honored to serve you and to have the opportunity to share the success of 2016 with you. If you have ques ons about how capital credits are allocated, or if you would like to know the total amount in your member patronage account for this year and previous years, feel free to contact the coopera ve toll-free at 1-800-256-6405, extension 9313.


10 - NE Connection


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