Lake Region Electric Cooperative
As a member-owner of LREC, you invest in your co-op through your energy purchases. Each year, any margin (revenue after expenses) earned by your co-op is reinvested. That margin is proportionally allocated to capital credit accounts for each member-owner based on their electric use during the year. These accounts are maintained until the credits are retired (paid).
A capital credit payment is proof that you are a member-owner of a successful, effective organization. As a member-owner of LREC, you are automatically eligible for capital credits. This is the value of being a member-owner, rather than just a customer.
This year, the LREC Board of Directors approved a capital credit allocation totaling $3,050,784. This total includes $2,350,230 from LREC and $700,554 from Great River Energy (GRE). Please check your electric bill for the 2022 Capital Credit Allocation details.