Light Reading - December 2021

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Inland Power is my cooperative!

LightReading inlandpower.com

Capital credit checks arriving this month!

December 2021

inside... Energy Energy efficient holidays

Your Cooperative Season of giving

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e know you work hard for your money - so we work hard to keep your electric rates among the lowest in the country and to provide you with great service. One of the many benefits of belonging to a nonprofit electric cooperative like Inland Power is that you are an owner. Every time you purchase power, you build equity or ownership in your energy cooperative. The amount of equity you earn is determined by net margins – the amount of revenue collected in excess of expenses for each year. These net margins are returned to you in the form of capital credits. Once allocated, your capital credits are held by the cooperative as a resource to replace aging infrastructure, increase

capacity, maintain reliability and to operate your cooperative. This system helps keep your electric rates low and your service reliable. The amount of capital credits you are allocated each year is based on how much electricity you used during the previous year. In time, you will be paid all your allocated capital credits. The cooperative’s board of trustees votes to retire capital credits when finances allow, often on an annual basis. Capital credits are returned in two forms. Allocations from 1996 to 2017 (vintage years) will continued to be paid in check form each December. Current year allocations were paid as a bill credit in November.

Inland Power is pleased to announce that for the 42nd year we will be refunding cash back to our members. The board of trustees of Inland Power approved refunding $2.5 million in capital credits. This refund includes 2020 discounted payouts, discounted estate payouts and vintage year retirements. For any questions regarding capital credits, please contact your member services department at (509) 789-4277 or capitalcredits@inlandpower.com. We love having you as a member and look forward to serving you in the years to come. We wish you a safe, healthy and joyous holiday season.


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