Watts News
 Published for the members of North Itasca Electric Cooperative
VOL. 20 NO. 4  -  April 2017

CEO Report

continued

Once the conversion is complete, we will have an enhanced system that will allow better and more timely member service. We also knew going into the conversion that there would be bumps along the road. One of the bumps we’ve faced is in relation to capital credits. With the initial phase of the conversion taking place this past November we had to delay our capital credit retirement. In transferring our data from the old computer system to the new NISC system, we’ve encountered clean-up that needs to be done before we’re able to move forward with the capital credit retirement.

Our employees are working diligently to get the retirement done but we want to make sure everything is correct before moving forward with mailing the checks. We expect capital credit checks to be mailed in May and will encompass $200,000 of patronage from the year 1994. We expect to be back on our regular retirement rotation in December 2017. I will give another update in next month’s article as well.

Project GreenTouch

North Itasca Electric members and employees will once again join with Minnesota’s Touchstone Energy Cooperatives to help clean up our State Park system through a program called Project GreenTouch. This year, GreenTouch day is scheduled for Saturday May 6. Locally, North Itasca Electric employees and members will work together at Scenic State Park performing general maintenance, raking and trail clean up.

Lineman Appreciation Day

April 10, 2017 has been designated as National Lineman Appreciation Day. Linemen play a crucial role in building and maintaining our power lines to ensure the power is there when we need it. They are willing to work in all conditions on any day, at any hour. Thank you to all those who serve in this capacity.




Return to the April 2017 Issue