CEO Message: September 2016
CEO Tim Thompson discusses the recent rate study conducted and goes over the how those results will influence electric rates.
Energy Market Driving Changes to Electricity Supply
Inexpensive natural gas and fuel-free generation resources are combining to drive down short-term market price for electricity.
CEO Message: August 2016
CEO Tim Thompson discusses the current cost of service study being conducted to review rates, the new pilot solar array geared for peak electric hours, and the recent capital credits approved.
Electric Safety Warning for Pokemon Go Players
LREC and other utilities are reminding players of Pokémon Go to stay away from electric substations, power plants and other electric equipment. The new smartphone-based augmented reality game sends players to real world places to “catch” Pokémon.
Building a Co-op Member Partnership
Planning for Success in our Rapidly Changing Energy Environment: The energy world is changing and changing quickly. Electric utilities are maneuvering in a world of regional energy markets, increased regulation, and revolutionary new technologies. The generation side of our industry is also in a rapid transition from coal to natural gas and renewable generation resources.
Annual Meeting Held June 2nd
Lake Region Electric Cooperative (LREC) held its 79th annual meeting Thursday evening, June 2, 2016 at the Life Church, Fergus Falls, MN. Nearly 600 members and friends attended the meeting. In the District 9 election, incumbent Robert Shaw was elected over challenger Vernon Greenwaldt and incumbent directors Ken Hendrickx of District 3 and Joyce Valley of District 6 were elected by acclamation. LREC members voted “YES” to amend Article IV of the Articles of Incorporation to state “The highest amount of indebtedness to which the Cooperative shall at any time be subject shall be established by the Board of Directors through a duly enacted resolution.”
New Load Projected to be Second Largest for LREC
A new casino and hotel facility is slated for construction in Star Lake Township. Since this is within our cooperative’s service territory, Lake Region Electric Cooperative has received a request to be the electricity provider. When operational, the facility will become our second largest electric load.
Frequently asked questions about the new casino project on Star Lake.