Cookson Hills Electric Cooperative, Inc. Headquarters Office PO Box 539 • 1002 E. Main Stigler, OK 74462 • 800-328-2368 Branch Office PO Box 587 • 1800 KOA/Power Drive Sallisaw, OK 74955 • 918-775-2211 Pay-by-Phone: 1-888-678-1937 www.cooksonhills.com Alternate Emergency Only: 918-552-0016
BOARD OF TRUSTEES Joe Ogle, President Rocky Woods, Sr., Vice President Ronnie Pevehouse, Sec/Treasurer Dan Callahan, Trustee John Dillard, Trustee Dart Drummonds, Trustee Mike Rose, Trustee
District 6 District 1 District 7 District 2 District 3 District 4 District 5
STAFF Juli Orme, General Manager Chris Morris, Chief Financial Officer Mark Blaylock, Director of Operations — Stigler Marty Huff, Director of Operations — Sallisaw Ellen Mattison, Manager of Accounting Services Kristie Cash, Manager of Office Services Rockey Oldham, Manager of Broadband Services Jeremy Stubblefield, Chief Technology Officer Brad Martin, Director of Member/Public Relations and Economic Development Dallin Shaw, Director of Engineering
Russell V. Barber, General Counsel Cookson Hills Electric Cooperative, Inc. welcomes members to submit photos, and articles which will be subject to editing. Cookson Hills reserves the right to publish or modify any article. Companies and individuals featured in the Hot Watts newsletter do not necessarily reflect the official policy, position, or view of Cookson Hills. Cookson Hills Electric Cooperative, Inc. is an equal opportunity provider and employer. If you find your account number hidden in this issue of the Hot Watts, you’ll receive a $25 credit on your electric bill.
bit.ly/CHEConFB (case-sensitive)
2 | November 2021
Capital credit checks coming in December CHEC’s board of trustees has authorized the distribution of over $926,000 in capital credits to members of the cooperative who purchased electricity during parts of 1990, 1999, 2001 and 2002 — $338,651.77 of which is being passed on by CHEC’s wholesale power provider. CHEC has returned over $8.2 million to members over the last 10 years. Eligible members can expect to receive their checks in December. As a not-for-profit entity, cooperatives must return margins above operating costs to consumers. Capital credits are somewhat similar to the dividends paid to shareholders of investor-owned utilities, except the co-op’s “shareholders” are the members it serves, and the “dividends” are the capital credits. It is one of the things that makes the cooperative business unique. If you have a family member who is deceased and you are the rightful heir, you can download the form from www.cooksonhills. com and return it along with the appropriate paperwork to transfer all remaining capital credits into your name. Checks will not be issued for less than $5 unless a member has no further refunds due for future years. Refunds of less than $5 are retained and added to the next distribution. If needed, mail paperwork and supporting documents to CHEC, PO Box 539, Stigler, OK, 74462.
Triennial survey continuing through December. Members may receive a phone call or email. We appreciate your feedback!
