2009 EQUITY DISTRIBUTION PLAN

 

 

  1. Target distribution amount of approximately $275,000 in the year 2009
  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 2008 (total margins of $615,254)

·        $157,935.32 to retire the 1990 allocation

·        $42,063.68 of  patronage capital allocated in 1991

  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. Members and former members will be given the opportunity to contribute their 2009 capital credit refund to the Community Fund administered by Washington Electric Cooperative. 
  3. All individual retirements will be reduced by any uncollectible or delinquent amount(s) owed to the Cooperative, as permitted by the Bylaws.
  4. No early retirements will be made to the estates of deceased members.
  5. No distribution will be made in the year 2009 for construction capital investments credited to patrons’ accounts from contributions-in-aid-of-construction for new line extensions.
  6. No distribution will be made in the year 2009 to those patrons who purchased and paid for Renewable Energy Certificates in 2008.