September 2024
LIGH
READING
CASH The program that BACK returns money to you! As a member-owner of Inland Power you receive cash back when our profits exceed our costs to serve you.
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ou own Inland Power, which operates on a not-for-profit basis as a cooperative. Our sole purpose is to deliver safe and reliable power to you at cost. All revenue exceeding the cost to provide electric service is allocated back to you through our CA CA$ $H BACK program, also known as capital credits. Once allocated, these funds are held by Inland Power as a resource to replace aging infrastructure, increase capacity, maintain reliability and to operate your co-op. This system helps keep your rates low and your service reliable. The amount of cash back you are allocated each year is based on how much electricity you used during the previous year. In time, you will receive all your allocated cash back. The Inland Power board of trustees retires
these funds when finances allow, often on an annual basis. Portions of all vintage years are retired each fall and may take up to 35 years to return all vintage year allocations to you.
being a co-op member without having to wait 35 years for the full benefit. This also allows Inland Power to keep your rates as low as possible.
2023 Allocation
1996-2017 Vintage Year Allocation
Starting in 2017, the board of trustees voted to allow members to receive their CA CA$ $H BACK payment early, but it must be equitable with those who wait for up to 35 year. In other words, $1 today is not the same as it will be 35 years from now. Therefore, any early payment must be discounted or reduced to a level that makes it equivalent to those members on a 35-year rotation. Your 2023 discounted CA CA$ $H BACK payout will be applied as a credit to your November bill. By switching to the discounted payout method, members can participate in the benefit of
For those members who have unpaid capital credits, or who opt out of the discounted program and have current year capital credits, your capital credits will continue to be retired at the regular interval and paid to you as the board of trustees approves the payments each year. For additional details, please visit our website at inlandpower.com/cash-back inlandpower.com/cash-back, or call your Inland Power member experience team at 509-747-7151 509-747-7151.
Our mision is our members!