WREA sends capital credit checks

MEEKER | WREA members received an early delivery of capital credit checks in last week’s mail. WREA has previously combined and sent out the WREA distribution capital credits and the Tri-State G&T wholesale capital credits in one check in August but the WREA Board directed to accelerate this year’s distribution payout to April. “We wanted to do what we could to help members by getting them their capital credit dollars as soon as possible,” said WREA Board President Dick Welle. The membership’s response has been very positive according to Alan Michalewicz, WREA General Manager. “Members have called, emailed and texted with their appreciation and we know when times are tough every bit helps.” Michalewicz went on to say that as a member owned cooperative, White River Electric is here to support its community and membership especially during these unforeseen and challenging times. Members received capital credit checks for 2004, 2005 and 2006 for a total of just over $1,000,000. A total of 2,275 checks were mailed on April 13, 2020 with over half of the checks between $100-$500. Capital Credit allocations are based on the amount of electricity used each year. Members who had active electric accounts in 2004, 2005 and 2006 received capital credit checks based upon their electric usage in those years. WREA will issue additional capital credit checks representing WREA’s wholesale (Tri-State G&T) capital credit retirements when the funds become available to WREA in August. WREA will send out additional details in August regarding the wholesale capital credit retirements. Members can call with questions or find more information about WREA Capital Credits at www.wrea.org under the “For Members” tab.