Lake Region Electric Cooperative
Your board of directors recently approved the retirement of $1.15 million in patronage capital credits in 2016. This is equal to 2.5% of equity. People and organizations who were members of Lake Region Electric Cooperative in 1990 and 1991 are receiving capital credit retirements.The financial plan is to bring down the disbursement cycle to a 20-year rotation by the year 2020. The 2016 capital credit disbursement is a step in this direction. This will make four consecutive years in which Lake Region’s capital credit retirement has exceeded a million dollars!
How Do Capital Credits Work?
Because electric co-ops operate at cost, any excess revenues, called margins, are returned to members in the form of capital credits.
