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CAPITAL CREDITS: YOUR PIECE OF THE PIE Unlike investor-owned utility companies that strive to generate profits for shareholders, any profits or margins made by Central Rural Electric Cooperative are returned as capital credits to our members.
to be paid back and the allocation years to be retired. If you were a member during those years, you will receive a check with your portion, which is based on the amount of electricity used.
Capital credits represent each member’s ownership in Central. Margins, or capital credits, are allocated to members of the cooperative based on their electric service purchase from the year being allocated.
For the second year, members with emails attached to their accounts had the opportunity to donate their capital credits to benefit local communities, nonprofits and residents in need through the Central Community Foundation.
The cooperative uses these margins as capital to operate for a period of time and then returns it to members. Retirement of capital credits is a return of member-furnished capital. Trustees determine when to retire capital credits based on the cooperative’s financial condition.
Nearly 300 members donated more than $4,700 of their capital credits to the foundation. These donations will be included with the Operation Round Up donations and distributed through grants in 2023.
Each year, the board of trustees determines if capital credits will be retired and approve the total amount
Capital credits are part of the cooperative difference, and are a unique benefit of being a member. The cooperative’s success is shared with you!
This year’s capital credit statement $1.8 Million will be available to 19,545 members
Retirement Years: 1994, 1995, 1996 and 2020
Capital Credit FAQs
Who gets a capital credit refund?
Every member who bought electricity during the years of service that are being retired.
What if I move out of Central’s service area?
If the board of directors issues a refund for any year you were a Central member, then you are entitled to capital credits! Keep your address current with Central to receive a check.
When does central return capital credits?
When capital credits are distributed, checks are mailed in December.
How is my refund amount Determined?
Capital credits are based on the amount of electricity you used during the years of service that are retired.
What happens to capital credits when a member dies?
A member’s family can bring a death certificate, and a will or trust to collect the remaining credits.
COMPETING ON THE WIRE Central linemen participate in lineman rodeo
DECEMBER 2022 Central Board of Trustees: James Wells, President (District 6) Gary McCune, Vice President (District 1) Carol Dvorak, Secretary/Treasurer (District 3) Greg Tytenicz (District 2) Sid Sperry (District 4) Mark Pittman (District 5) Bill Davis (District 7) Hunter Robinson - Chief Executive Officer Empowered Editors: Jillianne Tebow - Vice President of Business Development and Marketing Larry Mattox - Director of Communications Kory Bowman - Marketing and Communications Specialist Ivy Swan - Marketing and Communications Specialist
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Contact Us: editor@mycentral.coop 405-372-2884 | 800-375-2884 3305 S. Boomer Rd. | P.O. Box 1809 Stillwater, OK 74076 Notice: Central’s office will be closed Dec. 23 and Dec. 26 for Christmas, and Jan. 2 for New Years Day. Central Rural Electric Cooperative is an equal opportunity provider and employer.
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Central linemen participated in the International Lineman’s Rodeo in October. From left to right: Dylon Smith, Bryce Mason, Jerry Cundiff, Kyle Williams, Clint Robinson, Wyatt Fuller and Eliot Tremblay.
Lineworkers eager and ready to climb poles crowded the competition field at this year’s International Lineman’s Rodeo where seven of Central’s linemen competed in October.
The competing categories are designed to test and challenge lineworkers in categories of hurt man rescue, pole climb and two mystery events added this year.
“The competition we participated in reflects the work we do within our communities,” said Jerry Cundiff, Central lineman and rodeo participant. “You have to make quick decisions that could mean life or death when working to restore electricity. Competing helps us train for those moments.” Each year, some of the best lineworkers from around the world compete at the International Lineman’s Rodeo. Central’s linemen were among the 200 teams of linemen and 300 apprentices from cooperatives, municipalities, contractors and investor-owned utility companies who competed.
Central linemen on the competition field at the 2022 International Lineman Rodeo.
“This is the first time in quite a while Central participated, and our guys made us proud,” said Dewayne Drury, Director of Operations. “All of the linemen and employees at Central were rooting for them from home.”
Attend these holiday events around Central’s service area Stillwater Christmas Parade Downtown, Stillwater Dec. 1 • 7 p.m. Perry Christmas Parade Town Square, Perry Dec. 1 • 6 p.m. Annual OSU Poinsettia Sale Greenhouse Learning Center, 318 N. Lincoln St., Stillwater Dec. 1-2 • 7:30 a.m.-5 p.m. Elf in Concert with the Tulsa Symphony McKnight Center 705 W. University Ave., Stillwater Dec. 1 • 7 p.m. Ole Country Christmas The Bearded Doe and Company 8400 Coyle Rd, Coyle Dec. 3 • 8 a.m.-6 p.m. Holiday Craft Show Payne County Expo Center 4518 Expo Circle E, Stillwater Dec. 3 • 9 a.m.-5 p.m. Christmas Distinctive Homes Tour Downtown, Guthrie Dec. 3 • 10 a.m.-4 p.m. Guthrie Territorial Christmas 112 E. Oklahoma Ave., Guthrie Dec. 3 and Dec. 10 Noon-9 p.m.
Old Fashioned Country Christmas Territorial Plaza Park 750 N. Main St., Perkins Dec. 8 • 5-8 p.m. Cushing Christmas Parade Broadway St., Downtown Cushing Dec. 10 • 6 p.m. A Very Merry Guthrie Christmas Downtown, Guthrie Dec. 16-17 • All Day All December Long Christmas Tree Stand 1427 S. Broadway, Edmond Monday-Friday 3-8 p.m. Saturday & Sunday 10 a.m.-8 p.m.
KEEP FOOD SAFE DURING A POWER OUTAGE When major outages occur, Central crews restore service as quickly as possible. No matter the length of an outage, do you know how long your food will remain unspoiled in the refrigerator or freezer? Refrigerated or frozen foods may not be safe to eat after a power outage. Use these tips to minimize food loss and reduce the risk of illness. �
Refrigerated food will last four hours. After four hours, place refrigerated foods in a cooler with ice.
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Food in a half-full freezer will last 24 hours. Food in a full freezer will last 48 hours.
Merry Main St. Block 34, Stillwater Nov. 25 - Dec. 18 • Friday-Sunday
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Keep the refrigerator and freezer doors closed as much as possible.
Sorghum Mill Christmas Tree Farm 7121 Midwest Lane, Edmond Nov. 25-Dec. 23 Monday-Friday 1 p.m.-7 p.m. Saturday & Sunday 10 a.m.-7 p.m.
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Throw out any food with an unusual odor, color or texture.
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Throw out perishable food in your refrigerator after four hours without power or a cold source like a cooler with ice.
Leafer Lodge Farms 5108 E Lakeview Rd, Stillwater Nov. 25-Dec. 23 • 10 a.m.-9 p.m Lights on the Lake East Recreation Area Lake McMurtry, Stillwater Dec. 3-19 • Friday-Sunday 5-9 p.m.
When in doubt, throw it out! Safety tips were provided by Cooperative.com.
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Home Holiday Lights Contest First 50 Prize $1dit Bill Cre ing gg and Birgahts R
The first-ever Home Holiday Lights Contest is here, bringing cheer to Central’s service area along with your chance to win up to a $150 bill credit and bragging rights. Enter online by December 15 for a chance to win!
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Learn more scan here!
embroidered
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Learn More
Connect the numbered Christmas themed animals and items to the crossword!