{"id":8983,"date":"2012-05-30T21:26:01","date_gmt":"2012-05-31T02:26:01","guid":{"rendered":"http:\/\/thelehighacresgazette.com\/news\/?p=8983"},"modified":"2012-06-01T10:03:47","modified_gmt":"2012-06-01T15:03:47","slug":"lcec-customers-to-receive-equity-returns","status":"publish","type":"post","link":"https:\/\/thelehighacresgazette.com\/news\/2012\/05\/lcec-customers-to-receive-equity-returns\/","title":{"rendered":"LCEC Customers To <BR> Receive Equity Returns"},"content":{"rendered":"<p><a href=\"http:\/\/thelehighacresgazette.com\/news\/wp-content\/uploads\/2012\/04\/lcec.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-7324\" title=\"lcec\" src=\"http:\/\/thelehighacresgazette.com\/news\/wp-content\/uploads\/2012\/04\/lcec.jpg\" alt=\"\" width=\"278\" height=\"181\" \/><\/a>Earlier this year, LCEC Trustees approved an equity distribution of\u00a0$5.7 million\u00a0to current and inactive customers and checks and credits were distributed this week. LCEC has returned more than $191 million to customers throughout the years, which is among the best of the 800 cooperatives in the United States.<!--more--><\/p>\n<p><a href=\"http:\/\/www.lcec.net\/equity\/?page=basics\" target=\"_blank\">Equity<\/a>\u00a0is the value of the investment customers\/members make in LCEC. As members of a not-for-profit cooperative, LCEC customers provide a portion of the capital necessary to operate the business through the payments they make each month. Without this investment, LCEC would be required to borrow additional funds from outside sources to provide electric service, resulting in higher base rates. LCEC has not had a base rate increase in four years.\u00a0 Although equity is not equivalent to cash, all LCEC customer\/members are allocated equity capital annually if revenues exceed expenses. The Board of Trustees review the LCEC financial position\u00a0 annually to determine if a portion of the net margins can be distributed to members.<\/p>\n<ul>\n<li>Active customers with an equity account balance of more than $56 will receive a distribution.<\/li>\n<li>If the distribution amount is more than $250, customers will receive a check unless their account has a past due balance.<\/li>\n<li>If the distribution amount is less than $250, active customers will receive a credit on their bill.<\/li>\n<li>Inactive customers (customers who have closed their account) receiving a distribution amount of at least $1 will receive a check.<\/li>\n<\/ul>\n<p>In 2012,\u00a0<a href=\"http:\/\/www.lcec.net\/equity\/General%20Equity%20distribution.pdf\" target=\"_blank\">general distribution<\/a>\u00a0checks range from $1 to more than $136,000.<\/p>\n<p>Visit\u00a0<a href=\"http:\/\/www.lcec.net\/equity\/\" target=\"_blank\">http:\/\/www.lcec.net\/equity\/<\/a>\u00a0for more information about equity.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this year, LCEC Trustees approved an equity distribution of\u00a0$5.7 million\u00a0to current and inactive customers and checks and credits were distributed this week. LCEC has returned more than $191 million&hellip; <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"_links":{"self":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts\/8983"}],"collection":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/comments?post=8983"}],"version-history":[{"count":0,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts\/8983\/revisions"}],"wp:attachment":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/media?parent=8983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/categories?post=8983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/tags?post=8983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}