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LREC Board of Directors Announces Capital Credit Refunds for 1997

5 - 9 - 17

The board of directors of Lynches River Electric Cooperative is pleased to announce the refund of capital credits for the year 1997.

With a privately owned business, money left over at the end of the year is considered profit and paid to the owners or investors in the form of dividends. At LREC, a not-for-profit electric cooperative, any money left over is called margins. Margins are paid in the form of capital credits and represent equity or ownership interest in the cooperative. We are pleased to be able to refund approximately $540,400 to the members on record for 1997.

Beginning with the refund of capital credits for the year 1997, LREC will issue bill credits to members for refunds of $24.99 or less. Members receiving refunds of $25 and more will continue to receive a check in the mail. These refunds will be issued on October bills, and the capital credit checks will be issued Sept. 30, 2017.

LREC uses capital credits for a period of time to offset expenses for new construction, storm repair and other expenses. When the cooperative's finances are sound, capital credits are returned to the member-consumers. Using capital credits in this manner reduces the amount of money LREC would have to borrow or raise by increasing rates.

The refund of capital credits is just one of the many benefits of being a member of LREC. If you have any questions regarding your capital credit check, please call our office at 1-800-922-3486 toll free or 843-672-6111 local.

 

 
 
 

Lynches River is always Looking Out For You, and to do so we have several methods you can use to contact our office.

By Phone:

Our Toll-Free number is: 1.800.922.3486
Local contact number is: 1.843.672.6111

For Outage Calls:

Our outage calls are handled by our Automated Outage Reporting System. You can reach it by dialing 1.843.675.LREC (5732) or 1.866.675.LREC (5732). Your outage will be recorded and servicemen will be immediately dispatched to restore the power as quickly as possible. Please make sure that your phone number is correctly on record.

Remote Payment Sites:

To see all of our Remote Payment Sites, click here.

By Mailing Address:

P.O. Box 308
Pageland, SC 29728

In Person:

707 South Arant Street
Pageland, SC 29728 

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