Arkansas Valley Electric Cooperative

arkansas valley electric cooperative edition

From the

Manager’s Desk AL SIMPSON, CEO

Capital Credit Refunds The Board of Directors of Arkansas Valley Electric Cooperative recently authorized the retirement and distribution of $3,076,928.12 in Capital Credit refunds to Cooperative members. These Capital Credit refunds represent portions of the patronage capital from 1997 and 2003. Cooperative members who received electric service during the calendar years of 1997 and 2003 are eligible to receive a Capital Credit refund.

If the amount of the Capital Credit refund is less than $25.00, checks will not be sent out to inactive accounts and the amount will be paid at a later time. Active members whose patronage refund is less than $25.00 will receive a credit on their bill.

Capital Credits represent the annual margins (profits) which were assigned to members who bought electricity from the Cooperative. Each member’s share of these margins is based on the amount of patronage derived from their consumption of electricity during that year. The Board of Directors of the Cooperative evaluates the financial condition of the Cooperative each year and analyzes the amount of required equity and liquidity needed prior to refunding Capital Credits.

Capital is retained by the Cooperative rather than refunded immediately after the year in which the margins were earned. These reserves are used as working capital to build, upgrade and maintain the electric distribution system, and allow for emergency repairs following storms. These reserves reduce the need to borrow additional capital to fund future expenditures on the electric plant.

There are many former members who are eligible to receive Capital Credit refunds from prior years but due to incorrect forwarding addresses these members may not receive refunds. The Cooperative urges everyone who discontinues electric service to leave a forwarding address so their future Capital Credits can be mailed at the appropriate time. If you or someone in your family knows of former Cooperative members who were receiving electricity in 1997 or 2003 but may not have received a check, please ask them to contact the Cooperative by calling 1-800-468-2176 and ask to speak to Capital Credits or by e-mail at cbowman@avecc.com.

Holiday Closing Arkansas Valley Electric Cooperative offices in Ozark, Waldron, Pocola and Van Buren will be closed Thursday, July 4, for the Independence Day Holiday.

In case of emergency, Ozark, Van Buren and Pocola service area call 1-800-468-2176.

Waldron service area call 1-800-468-2152.

For automated outage reporting call 1-866-862-8322.

For automated account information, call 1-800-468-2176.

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JUNE 2019

ARKANSAS VALLEY ELECTRIC COOPERATIVE

Two Area Youths Win Trip to Washington D.C.

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Peyton Orrick

my co-op

Peyton Orrick from Ozark and Madison Price of Charleston are the recent winners of an all-expense-paid trip to Washington, D.C. The two students were selected as winners of an interview contest sponsored by the National Rural Electric Cooperative Association and Arkansas Valley Electric Cooperative Corporation.

Peyton is a Junior at Ozark High School and is the son of Brian and Andra Orrick. Peyton is first in his class, and he is in FBLA, Theatre/Drama Club, Stock Market Club, Social Studies Club, Beta Club and a member of the OHS golf team. He enjoys many outdoor activities such as hunting, fishing, trail riding and golf. Peyton is also a volunteer with the Special Olympics. His future goals are to attend college, then work in Cyber security or become a Cryptographer.

Madison is the daughter of Shawn and Amanda Price. She is a Junior at County Line High School. Madison is a member of the basketball team, and she is in the Beta Club, FFA, FBLA, an officer on the Student Council, and an honor student. Her hobbies include playing basketball showing pigs. She plans to attend the University of Arkansas and major in Agribusiness and minor in Political Science.

Each year, a contest is held for high school juniors whose parents or guardians are members of Arkansas Valley Electric Cooperative Corporation.

For this year’s contest, the students were asked to visit AVECC’s headquarters in Ozark and interview before a panel of judges. A record number of contest entries were received this year.

These students, along with about 40 other Arkansas youth, will travel to Washington D.C. Upon arrival, they will join thousands of other youth from across the United States to tour the city’s landmarks. The purpose of the Youth Tour is to educate the students about our country and the rural electrification program in order to provide a better understanding of our form of government and the value of rural electric cooperatives.

Madison Price

Fun Facts About Wind Energy

1. The blades on a wind turbine can turn 30 to 60 times per minute, at about 1,000 to 1,800 rpm – the speed required by most generators to produce electricity.

2. Wind turbines are getting bigger to become more effective. A typical rotor blade is 180 ft. long and the turbine hub sits about 300 ft. above the ground.

3. A large wind turbine can power about 500 homes when the wind is blowing.

ARKANSAS VALLEY ELECTRIC COOPERATIVE

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