Lake Region Electric Cooperative (LREC) is pleased to announce a combined retirement of $1.57 million in patronage capital credits for 2023. This marks the eleventh consecutive year that LREC has retired over $1 million in capital credits, a testament to the cooperative’s strong financial position.
This retirement is a direct result of LREC’s commitment to providing reliable, affordable electricity to its members. By prudently managing its finances, LREC has continued to build a strong financial foundation that allows it to return capital to its members. The capital credits will be distributed to members who were members of LREC in the years listed below.
- LREC is retiring $1.35 million in capital credits to members during the years of 2006 and 2007
- We are retiring $162 thousand from Great River Energy, our power supplier, for the year of 1994
- We also have a retirement of $60 thousand from CFC (Cooperative Finance Corporation) for the year of 1998
Have questions about capital credits? Visit www.lrec.coop/capital-credits