Capital Credits Approved
Your board of directors recently approved the retirement of $1.15 million in patronage capital credits in 2016. This is equal to 2.5% of equity. People and organizations who were members of Lake Region Electric Cooperative in 1990 and 1991 are receiving capital credit retirements.
2017 District Meeting Schedule
Candidates for the LREC Board of Directors will be nominated in districts 2, 5, and 8. 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.
CEO Message: November 2016
CEO Tim Thompson discusses how electricity is such an integral part of our lives that its value is often overlooked. Perhaps we can look at it in a new way. He also delivers an update on the Cost of Service study and what those results mean for rates.
Boo Bash 2016 Thank You
Thanks to all LREC employees, families, local businesses and charitable organizations that helped make the Community Halloween party a huge success!
CEO Message: October 2016
CEO Tim Thompson discusses the roles that cooperatives havenplayed in building our nation's economy and communities. He also announces LREC's new prepay option, Pay-As-You-Go and the ongoing cost of service study.
LREC Introduces Pay-As-You-Go
Pay when you want, how you want, and the amount you want with Lake Region Electric Cooperative’s new Pay-As-You-Go program. Prepay billing provides another option for members interested in monitoring and lowering their electricity consumption.
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.