I’d like to provide some information on how we determined this year’s capital credit allocation, which can be found at the top of this month’s statement. Capital credits are determined by the margin (revenue remaining after expenses) the cooperative has at the end of the year. This amount is then allocated to members based on…
Last month, Lake Region Electric Cooperative (LREC) closed the books on another successful event following the conclusion of our 89th Annual Meeting on April 30th. I would like to thank the over 1,000 members, both in-person and via our online livestream option, who joined our board directors and staff. Thank you for your continued engagement. …
With the shift into Spring, it is a good time to reflect on the approach the Cooperative takes to vegetation management and why it is such an important part of what we do at Lake Region Electric Cooperative (LREC). The warmer temperatures are allowing us to expand our Vegetation Management (VM) plan of cutting, trimming,…
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,…
This month, I want to draw your attention to the cooperative’s 2025 Operating Summary, which you’ll find below this article. This summary gives a quick look at LREC’s assets, liabilities, and other financial details — basically, how we’re doing as a cooperative. It also shows our total margins for the year. When we talk about…
Providing our members with safe, reliable, and affordable electricity is the mission that guides all we do at Lake Region Electric Cooperative. To make sure your cooperative is well-positioned for the future and to continue providing you with the reliable energy that powers your homes and businesses, we’ve determined a rate adjustment will be necessary…
Happy 2026! I hope you had the chance to celebrate a happy and safe holiday with friends and family. I’d like to start the month by providing an update on progress we’ve made and the remaining timeline regarding the upcoming rate adjustment. The Class Cost of Service Study (CCOSS), which was approved in October by…
Happy holidays! I want to use this month’s column to follow up on the final two areas of interest indicated in October’s Member Satisfaction survey: capital credits and off-peak controls. As a member of an electric cooperative, you invest in LREC through your revenue contribution. Each year, any margin (revenue after expenses) earned by LREC…
2025 Member Satisfaction Survey Takeaways Distributed every October, our annual Member Satisfaction survey continues to serve not only as a gauge on our performance over the past year, but also as a way to make sure we’re sharing information on areas of service most important to our members. We’re happy to report that regarding overall…
All it takes is a trip to the grocery store to see that costs are continuing their steady rise upward. Here at Lake Region, we recognize that inflation is a challenge for our members; we want to do our part to make sure we are providing you with the reliable energy you require at an…