Watts News
 Published for the members of North Itasca Electric Cooperative
VOL. 16 NO. 12  -  December 2013


Cold Weather Rule Notification   |   Energy Assistance Programs

North Itasca Electric distributes more than $300,000 in capital credits 

by Jared Echternach, CEO

As a member of North Itasca Electric Cooperative you are also an owner. Any margins realized at the end of the year are allocated to the members based on the amount of electricity used. We credit this amount on an annual basis to a patronage allocation account in your name. This allocation is held by the cooperative as equity which allows us to reduce borrowing costs while maintaining your distribution plant.

I am pleased to inform you that your Board of Directors has authorized a capital credit retirement of $295,522 in 2013. This year your cooperative also retired another $41,449 to the estates of deceased members to ease the closing of the estate. Checks are scheduled to be mailed in early December. Members with fewer than $10 in capital credit allocations will have their amount rolled over into the next year's retirement.

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Voyageur Classic hopes for snow 

Registration is open for the annual Voyageurs Sled Dog Race on Friday and Saturday, January 11 and 12. Vet check and mushers meeting is on Friday, race start is on Saturday. Information and registration is on the race website, www.voyageursclassic.com.

There will be two classes this year, a 70 mile 8 Dog Pro Class running between Northome and Barney's Resort off Highway 4 west of Spring Lake and a 22 mile Trophy Class with from Northome to Squaw Lake.

The critical factor is snow. Organizers hope for better weather - meaning adequate snow - this year, said Dan Bergerson, race marshal. The race was cancelled last year due to poor trail conditions.

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December 2013 Calendar of Events 

1-15 Deck the Halls Holiday Gift Show and Sale at the Edge Center Gallery in Bigfork. Show runs through Dec. 15. Gallery open Th, F, Sat, 10 a.m.-4 p.m. Admission free.
1 Christmas Tea for women of the community, First Presbyterian Church, Bigfork, 2 p.m.
2 Deer River School Christmas Music Concert, grades 6-12, 7-9 p.m.
5 Bigfork Valley Communities Craft & Bake Sale, 10 a.m.-3 p.m. in the Commons
5, 6 Christmas Open House and Sale at North Itasca Electric headquarters building in Bigfork. Santa arrives at 7 p.m on Friday.
5 Storytelling at the Marcell Town Hall 6:30 p.m. Subject is "Special pets you have had or trips you would like to take."
6 Lake Country Seniors Christmas Party, 12:00 noon, Timberwolf Inn, members $5.00 Guests self-pay. Call (218) 246-2007 for reservations.
7 Effie American Legion Auxiliary Craft/Bake Sale at the Effie Community Center, 10 a.m.-4 p.m.

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