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September 2023
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The program that returns money to you! Y
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 CA$ $H is allocated back to you through our CA BACK program, also known as capital credits. Once allocated, these funds are held by the cooperative as a resource to replace aging infrastructure, increase capacity, maintain reliability and to operate your cooperative. This system helps keep your rates low and your service reliable. The amount of cash back you are allocated each year is based on how much electricity you used during the previous year. In time, you will receive all your allocated cash back. The cooperative’s board of trustees retire these funds when finances allow, often on an
annual basis. Portions of all vintage years are retired each fall and may take up to 35 years to return all vintage year allocations to you. 2022 Allocation Starting in 2017, the board of trustees voted to allow members to receive their CA CA$ $H BACK payment early, but it must be equitable with those who wait for up to 35 years. In other words, $1 today is not the same as it will be 35 years from now. Therefore, any early payment must be discounted or reduced to a level that makes it equivalent to those members on a 35-year rotation. CA$ $H BACK payout Your 2022 discounted CA will be applied as a credit to your November bill. Any member who wishes to opt-out of the CA$ $H BACK program may submit discounted CA their request by Sept. 15, 2023 by returning the “Opt-Out” form found on our website at
inlandpower.com/cash-back. By switching to the discounted payout method, members can participate in the benefit of being a cooperative member without having to wait 35 years for the full benefit. This also allows your cooperative to keep your rates as low as possible. 1996-2017 Vintage Year Allocation 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 inlandpower.com/cash-back, or website at inlandpower.com/cash-back call your Inland Power member 509-789-4277. experience team at 509-789-4277