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Home > Community Support > Community Fund > 2011 Equity Distribution Plan

2011 Equity Distribution Plan

  1. Target distribution amount of approximately $275,000 in the year 2011
  2. Method of retirement:  part first-in-first-out (FIFO), part last-in-first-out (LIFO)
  3. Year and amount to be retired:
    • $75,000 of patronage capital allocated in 2010 (total margins of $583,071)
    • $75,327 to retire the outstanding balance of the 1991 allocation
    • $124,673 of patronage capital allocated in 1992 leaving a balance of $427,331.
  4. Current members who are entitled to capital credit refunds will receive their refund as a credit on their bill, regardless of the amount.
  5. Former members will be given the opportunity to contribute their 2011 capital credit refund to the Community Fund administered by Washington Electric Cooperative.
  6. All individual retirements will be reduced by any uncollectible or delinquent amount(s) owed to the Cooperative, as permitted by the Bylaws.
  7. No early retirements will be made to the estates of deceased members.
  8. No distribution will be made in the year 2011 for construction capital investments credited to patrons’ accounts from contributions-in-aid-of-construction for new line extensions.
  9. No distribution will be made in the year 2011 to those patrons who purchased and paid for Renewable Energy Certificates in 2010.