NewsDecember 06 2017

Capital Credit Distribution from West Central Electric Cooperative, Inc. (WCEC)

Posted by Lucy

Capital Credit Distribution from West Central Electric Cooperative, Inc. (WCEC)  
  
   Murdo, SD – The board of Directors of West Central Electric has the general retirement of $720,000 in Capital Credits. This is in addition to the $54,765 that was retired to estates. The total 2017 retirement is $774,765. This represents 100% of 1993 Capital Credits and 80% of the West Central portion of 2016 Capital Credits.  
   Capital Credits checks will be mailed out the middle of December. If the credit value is less than $35 it will be credited to your November bill.  
   Capital Credits are created when any earnings (revenues minus expenses) are left over at the end of each year. This creates a margin. At the end of each year, the Co-op assigns each member-owner’s account a share of the margin, known as an allocation. The Cooperative’s goal is to rotate Capital Credits on a 25-year cycle.  
   Before returning margins back to members, Co-op’s use the capital to help offset the cost of debt for equipment and materials used for the construction and maintenance of the electric distribution system. This helps lower financing needs. 
   Capital Credit retirements promote the cooperative philosophy of “service at cost” and a true representative of the cooperative’s way of doing business,” said CEO Steve Reed. “We are proud that we have been financially sound which enables us to retire Capital Credits on an annual basis. Which is consistent with our mission to provide safe, reliable service to our member-owners.” 
   If you have any questions regarding your Capital Credit check, please contact our office at 605-669-8100 or 1-800-242-9232.

NewsNovember 29 2017

Presho gets ready for Holiday Open House

Posted by Lucy

Presho gets ready for Holiday Open House 
 
John Uthe, Street Supervisor, and Pat Mitchell hung Christmas decorations Wednesday, November 22 getting the town ready for the Presho Chamber Holiday Open House on Thursday, November 30.

NewsNovember 29 2017

Lighting up Kennebec

Posted by Lucy

Lighting up Kennebec
 
    Kennebec Town & Country Club along with local businesses invite the public to the 4th annual Lighting Up Kennebec event, Tues., Dec. 5 from 4:00 to 7:00 p.m. 
   Kennebec businesses will hold individual holiday open houses and offer refreshments and door prizes to patrons.
Santa and his elves will be at the library to visit with children and pose for photos starting at 6:30 pm.  
   At 7:00 p.m. Santa will flip the switch on the outdoor light display at the courthouse to Light Up Kennebec! 
    Come out and enjoy this holiday event in Kennebec.

NewsNovember 22 2017

Game On, Cancer fundraiser

Posted by Lucy

Game On, Cancer fundraiser  
 
Stanley Jones Trust donated $38,173 to the Game On, Cancer event for the Helmsley Cancer Center. Pictured l-r: Donna Brakke, volunteer; Angela Ehlers, event coordinator; Kellie Yachley, Director of Avera St. Mary’s Foundation; Tami McClanahan, Stanley Jones Trust Board member; Devan Kleven, Cap Stone Student from Sully Buttes, and Andrea Diehm, volunteer. Game On, Cancer was held Friday evening and throughout the day Saturday at Jet Lanes Bowling Alley. Local donations made throughout the event were over $5,000. Stanley Jones Trust made a donation of $31,873 bringing the total to over $36,000. The Leona M. and Harry B.Helmsley Charitable Trust matched the donations bringing the total to over $74,000.
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