$1.24M Capital Credit Retirement

News

Lake Region Electric Cooperative (LREC) is pleased to announce a combined retirement of $1.24 million in patronage capital credits for 2024. This will mark the 12th consecutive year that LREC has retired over $1 million in capital credits— a testament to the cooperative’s strong financial position. 

This retirement is a result of LREC’s commitment to providing reliable, affordable electricity to its members. By prudently managing its finances, LREC has continued to build a strong financial foundation that allows it to return capital to its members. The capital credits will be distributed to members who were members of LREC in the years listed below.

  • LREC is retiring $1.04 million in capital credits to members for the years of 2007 and 2008
  • We are retiring $130 thousand from Great River Energy, our power supplier, for the year of 1995 
  • We are retiring $73 thousand from CFC (Cooperative Finance Corporation) for the year of 1999

Have questions about capital credits? Learn more about capital credits ->