It’s Capital Credit Allocation time! More than $2.1 million dollars is being allocated back to all co-op members – a membership benefit indeed. Everyone will receive a letter in the mail from Lake Country Power between now and June 7. The letter will tell you the amount of your allocation.
So what is a capital credit allocation? Each year, you are "allocated" a portion of the previous year's margin based on the amount of electricity you purchased from Lake Country Power in relation to the total amount of electricity purchased by all members during the year. The allocation is your share of capital credits that will eventually be paid out when a general retirement is issued.