CEO Column: April 2017 — Innovative Programs and Strategic Partnerships Key to Co-op’s Success
As the energy industry continues to evolve, Lake Region Electric Cooperative remains committed to meeting, and exceeding, the expectations of our members. We are always looking for ways to create more value for our members, both in the way we do business and with the products we offer. Based on our members’ needs and industry trends, we are adapting our business model to better serve you as your trusted energy provider. This often means thinking differently and being willing to embrace new technologies.
2017 LREC Annual Meeting Announced for June 1st
2017 LREC ANNUAL MEETING Mark your calendars for June 1st, 2017! Our 2017 annual meeting will be held at Life Church in Fergus Falls, MN. Registration and meal both begin at 5:00 p.m. and the business meeting begins at 6:30 p.m.
CEO Column: March 2017 — Joint Effort Will Extend Natural Gas
Lake Region Electric Cooperative will be participating in a joint effort to deliver natural gas to the Deer Creek and Parkers Prairie areas. The cooperative’s board of directors recently approved the joint effort with Greater Minnesota Gas, based in Le Sueur, MN. Greater Minnesota Gas will provide the intrastate pipeline to bring a supply of natural gas to the Deer Creek and Parkers Prairie communities and natural gas termination points within the region. From there, Lake Region Electric Cooperative will own and maintain the distribution pipeline that serves the natural gas customers.
Director Candidates Nominated in Districts 2, 5, & 8
District meetings with director nominations were held in February. Three incumbent directors were nominated without opposition in Districts 2, 5, and 8: District 2: Dennis Mathiason District 5: Charles Kvare District 8: Sid Wisness
February CEO Message: Giving the Gift of Light
This December three of our linemen had a unique opportunity to help bring electricity to the people of Haiti. It is an incredible feeling for our co-op in Minnesota to be able to help people living thousands of miles away. By traveling to Haiti, our linemen were able to directly assist the people there and improve their quality of life. Many areas in Haiti still lack the basic electric infrastructure that we take for granted here. LREC’s linemen joined Haitian crews to construct a large three-phase project serving a primarily residential area.
January CEO Message: New Year Brings New Opportunities
As we welcome the new year, the leadership team of Lake Region Electric Cooperative is mindful that we must always be looking forward. We serve as the stewards of the electric cooperative that you own. Therefore, our priority is to make sure you are getting value for your co-op membership, as well as your energy dollar. We enter 2017 from a position of financial strength and are carrying forward that positive outlook. Our goal is to be your local trusted energy provider and to go beyond the traditional utility role to not only meet your needs, but exceed your expectations.
CEO Column: December 2016 — Rate Increase Approved for 2017
During its October meeting the Lake Region Electric Board of Directors approved a 4.3% overall rate increase effective on January 1st, 2017. The actual percentage varies according to rate class and can differ for individual members based on their electric consumption. LREC last increased rates in 2013 and off-peak heating rates haven’t changed since 2008. In fact, since 2013 LREC has been able to offset or absorb over $3 million in wholesale power cost increases.