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2017 Equity Distribution Plan

Target distribution amount of approximately $720,000 in the year 2017

  1. Method of retirement:  part first-in-first-out (FIFO), part last-in-first-out (LIFO)
  2. Year and amount to be retired:
  • $342,000 of the Contribution in Aid of Construction (CIAOC), leaving an unretired balance of $9,910,772
  • $275,337 of patronage capital allocated in 1994, leaving an unretired balance of zero
  •  $92,663 of patronage capital allocated in 2016, leaving an unretired balance of $1,095,393
  • $5,000 of patronage capital allocated REC members in 2006, leaving an unretired balance of $ 31,256
  • $5,000 of patronage capital allocated to REC members in 2016, leaving an unretired balance of $227,743
  1. Current members who are entitled to capital credit refunds will receive their refund as a credit on their bill, regardless of the amount.
  2. Twenty dollars ($20.00) is the minimum check limit.
  3. Former members will be given the opportunity to contribute their 2017 capital credit refund to the Community Fund administered by Washington Electric Cooperative.
  4. All individual retirements will be reduced by any uncollectible or delinquent amount(s) owed to the Cooperative, as permitted by the Bylaws.
  5. No early retirements will be made to the estates of deceased members.