On November 7, representatives of Pioneer Electric’s H.U.G.S. program proudly awarded the grant during the school’s annual fall activities banquet the surprise came after the school submitted an application to help with purchase of push/pull carts and bags for the newly implemented program.
“As with any new program, we learned that we needed to invest in some additional gear to help ensure the success of these young athletes,” said head coach Marty Cook. “The carts and bags will help reduce the fatigue of having to carry the weight of their bags and clubs while on the courses. This will hopefully give the girls a competitive edge during tough playing conditions and help build a solid program for future athletes.”
Since its establishment in 2016, the program has continued to gain momentum. The team consisted of six golfers during the 2018 season and Cook hopes to provide. In addition to their H.U.G.S. grant, the school was awarded an additional $1,000 from the CoBank, Sharing Success program.
“Through our partnership with CoBank, we are able to nominate Grant Recipients for additional funds through Sharing Success,” said H.U.G.S. member Anita Wendt. “We are excited for this opportunity for the athletes and wish them a successful season next fall!”
Additional information regarding the Pioneer Electric H.U.G.S. program can be found here.
Pioneer Electric is proud to announce the approval to retire $1.8 million back to members in the form of capital credit checks. Active memberships with service during the years 1996, 1997 and 2016 may be issued checks. Please note, capital credit checks will not be available to members with accounts that have a past due balance as of Dec. 1, 2017; instead the credit will be applied toward any unpaid balance. Capital credit checks that aren’t picked up during Member Appreciation Days will be mailed on Dec. 11.
Understanding Capital Credits
When you signed up to receive services from Pioneer Electric Cooperative you became a member of an electric co-op. While investor-owned utilities return a portion of any profits back to their shareholders, electric co-ops operate on an at-cost basis. So instead of returning leftover funds, known as margins, to folks who might not live in the same region or even the same state as you do, Pioneer Electric allocates and retires capital credits to you, our member-owners. There are two things about capital credits you should know in order to see how they work for you.
- Allocation: Each year, you are allocated (or booked) your portion of the previous year’s profit, based on the amount of electricity you purchased from Pioneer Electric, in relation to the total amount of electricity purchased by all members during the year. This amount is put into a “holding account” for a number of years and used by Pioneer Electric to fund capital needs for items such as power line construction, transformers, trucks, inventory and other equipment. This is an underlying principle of the cooperative business model and helps keep your electric rates as low as possible. This “allocation” becomes your equity in the co-op and is maintained in a separate account assigned to you.
- Retirement: Retired (paid) capital credits is what you will get in cash at a later date. Pioneer Electric uses the amount allocated (booked) to you for a time, but then returns this amount to members in the form of “retirements,” which are “cash back” dollars to you.
Please note, that Generation and Transmission (G&T) allocations from Sunflower Power Corporation will NOT be distributed during the member appreciation celebration. The allocations from Sunflower Electric (found in your 2017 allocation statement) will only be distributed after they are retired (paid) by the Sunflower Board of Directors. For questions regarding G&T allocations, please give us a call at 620-356-1211.
November is a time for giving thanks. While we should often recognize the benefits of living in this country, in Kansas, and our communities, this month gives us an intentional pause to be grateful for all that we have.
One of our most important rights as citizens living in our country is the ability to elect our leaders. Your cooperative is powered is by this same principle. At every annual meeting, you elect fellow members to represent you on the Pioneer Electric Board of Trustees. However, the reach of your membership doesn’t end there. The Board, in turn, elects a representative to sit on the Sunflower Electric Power Corporation, our generation and transmission wholesale power provider, Board of Directors. This ensures that the needs of you, our member, is considered in all that we do.
One such example is the recent decision by the Sunflower and Mid-Kansas Board of Directors to implement a wholesale base rate reduction, lowering the energy cost adjustment (ECA) charge found on your electric bill. The ECA charge has several facets, including the demand and energy available on Sunflower infrastructure. However, stable loads and effective internal cost management have resulted in savings that have been passed along to you.
Cooperatives were not established to generate a profit, but rather help communities grow and develop through unified service. This philosophy is what sets us apart from other organizations. In doing so, cooperatives power more than just homes or businesses—they power the lives they serve.
In this month of thanks, let’s pause to appreciate that we have a voice in our nation, our state, our communities, and, yes, in our electric cooperatives. We are proud and thankful to have the opportunity to serve you.