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Buckeye Rural Electric Cooperative shared Tri-County EMC's photo.
They say beauty is in the eye of the beholder. To weary but determined EMC employees, the sight of outside crews coming to assist is truly a beautiful sight. 36 linemen with bucket trucks just arrived from Ohio. With over 250,000 EMC members without power in Georgia and millions without power in the southeast, help is having to come from far away. A huge thanks to Buckeye Rural Electric Cooperative, Butler Rural Electric Cooperative, Consolidated Electric Cooperative, Guernsey-Muskingum Electric Cooperative, Pioneer Electric Cooperative, South Central Power Co.,Washington Electric Cooperative, and Ohio's Electric Cooperatives.
Another SCAM......... We were notified by a member today that they are receiving calls from a company selling Medical Alert Bracelets and Buckeye Rural appears on their Caller ID and the number on the ID is a legitimate phone number for BREC. We've investigated and our IT Department says we are being "spoofed". It's happening a lot lately and unfortunately there is not much we can do about it. Caller ID spoofing is the practice of causing the telephone network to indicate to the receiver of a call that the originator of the call is a station other than the true originating station. Of course, Buckeye REC is not selling anything at this time other than electricity. So....AGAIN, please be aware that these perpetrators are out there and do NOT provide them with any personal information, especially financial, or converse with them where they can record your voice. Thanks for making us aware and please continue to be aware yourselves. Spread the word!
Be Aware of 3rd Party Bill Pay Sites!
A member said she was recently redirected to a third party bill pay site where she provided them with her personal information and was charged to make a payment to Buckeye REC. Those who pay online need to carefully review what web site you are using. Third party bill pay sites advertise the Buckeye Rural Electric name in order to get you to use their service. They will charge you a service fee to use their site. Buckeyerec.coop does not charge a fee to make credit card payments. If you have any questions regarding your online account please contact our office and we will verify it has been set up correctly.
CAPITAL CREDITS. BREC returned $1.6 million to its members in 2016 in the form of capital credits. The co-op has returned more than $19 million back to its members in its history, with approximately $12.5 million returned in the last ten years alone.
As a co-op member you are paid patronage capital when there are net margins from the business operation of Buckeye REC. These are called Capital credits and allocations represent a percentage of revenue in excess of operating costs and debt service. Capital credit totals accrue until the Board of Trustees decides to make a general retirement. Retirements are by year. This year the Board of Directors retired years 1990, a portion of 1991 and a portion of 2016. If members were on our lines any of those years they would get a check if the refund amount was greater than $25 and if less than $25 a bill credit. This is based on the patronage (electric bills) they paid during the years retired.
Capital credits are also paid to estates of deceased members. This is done on a “net-present value” formula which results in a discounted amount of reimbursement. It is calculated out for every year of early payout. All financial places use it and it is similar to annuities.
If you have any further questions, please contact member services at 800/231-2732