You’re Invited to Our 89th Annual Meeting // April 2026 CEO Column
I hope you’ll join us on April 30th for Lake Region Electric Cooperative’s 89th Annual Meeting. As a member-owner, this is an excellent opportunity to learn more about the financial and operational condition of your cooperative, along with connecting with board members, employees, and fellow members.
Below you’ll find everything you need to know—meeting locations, livestream info, the program, and details about the District 8 election. We’ll also post updates on our social channels and at www.lrec.coop/annualmeeting as the date gets closer.
New to this year’s business meeting is presenter Jon Brekke, Vice President and Chief Power Supply Officer with Great River Energy (GRE). With direct experience working with energy markets and power aquisition for GRE, Jon’s presentation will provide an inside look at GRE rate trends and current transmission projects.
I encourage you to join us for this opportunity to learn more about how the cooperative is run. Members who attend the business meeting either in person or online will receive a one-time $10 bill credit. Remember to bring your Annual Meeting postcard to be entered into drawings for additional $50 and $25 bill credits at each location.
Stay tuned for more information as we get closer to the event – we look forward to your participation!
2026 Rate Adjustment
As your April statement will be the first to reflect the rate and facility charge changes that took effect March 1st, 2026, I want to remind members that complete information for all rate classes can be found by visiting www.lrec.coop/2026rates.
We’re here to help. If you have any questions about how this adjustment has been applied to your energy usage, please reach out to our Member Services team at (800) 552-7658.
Polar Vortex and the PCA
Finally, in addition to the rate adjustment, you’ll also notice this month’s statement includes the second part of the Power Cost Adjustment (PCA) charge of $0.01585/kWh (related to the polar vortex). As last month’s bill stuffer explained, the extremely cold temperatures at the end of January caused wholesale power costs to spike. This affected the purchase pricing for LREC. Your board of directors chose to split that cost over two months instead of appearing all one one statement.
As always, our goal with any communication is to be as transparent and informative as possible. If you have questions on these or any other topics, please let me know.
Cooperatively yours,
Joel Janorschke, CEO