LREC Approves $1.21 Million Capital Credit Refund
Your board of directors recently approved the retirement of $1.21 million in patronage capital credits in 2017. People and organizations who were members of Lake Region Electric Cooperative in 1991, 1992, 1993, and 1994 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 2017 capital credit disbursement is another step in this direction. This will make five consecutive years in which Lake Region’s capital credit retirement has exceeded a million dollars!
Looking Ahead to Hybrid “Green Energy” Project Benefits — CEO Message: December 2017
What happens when a single large wind turbine is combined with a commercial scale solar array? For the member-owners of Lake Region Electric Cooperative, the answer is three-fold. First and importantly, this hybrid wind-solar project will be a lower cost energy resource that will help keep your co-op’s electric rates stable and competitive. Not only will it be good for retail rates, but it also adds local, renewable energy to the existing generation sources on which we depend. Third, it will provide additional tax revenue to the county and state.
2018 District Meeting Schedule
Candidates for the LREC Board of Directors will be nominated in districts 1, 4, and 7. There will be a meeting held in each of the three nominating districts. You are invited to attend any meeting, although only members of nominating districts will be allowed to vote.
Our office will be closed the following days: Christmas – December 25th–26th and New Years – January 1st–2nd
Members Can Now Report Outages Online
When visiting the Outage Center on Lake Region Electric Cooperative’s website, members will see a button providing the option to “Report an Outage” online from the convenience of a smartphone, tablet, or computer. Here at LREC, we are always working to make communication easier for our members. If you prefer to report an outage online, rather than dialing and responding to voice prompts, this new option makes it possible to report an outage using the browser on your smartphone.
CEO Message: November 2017 — Affordable, Reliable, Clean, and a Great Value
No doubt about it, we’re an electrified society. That simple fact was driven home in the aftermath of the recent series of strong hurricanes and tropical storms that pounded our coastal states. We simply cannot live our modern lives without electricity. Commerce, health, food and water supplies, security, and safety are extremely vulnerable when there is no power. Considering that, have you ever thought about all that you and your family get out of electricity? Just how much do you depend on electric power? Compare your benefits to what you pay for electricity. Electricity is a pretty good value, right?
Operation Round Up Recipients: Fall '17
At their October meeting, the Board of Trustees for Operation Round Up elected to donate $15,608 to assist the following organizations: Never. Give. Up., Henning Landmark Center, Town and Country Saddle Club, Inc., Otter Tail County Historical Society, Dalton Volunteer Fire Department, Glacial Minnesota Woman Organization, Save The Trinity, American Legion Veterans Memorial, Ashby Fire Department, City of Dent, Dalton 4-H Club, Deer Creek Fire Department, and Someplace Safe.
LREC’s Natural Gas Venture Featured on cooperative.com
Lake Region Electric Coopertive’s CEO, Tim Thompson recently spoke with cooperative.com about LREC’s natural gas venture. See the interview at: https://www.cooperative.com/public/news/Pages/minnesota-co-op-natural-gas.aspx