"Where Fillmore County News Comes First"
Online Edition
Thursday, April 17th, 2014
Volume ∞ Issue ∞
 
1 | 2

Co-op announces special year-end refund of $500,000


Fri, Jan 24th, 2014
Posted in Rushford Business Announcements

RUSHFORD, Minn. — Members of Tri-County Electric Cooperative (TEC) are seeing the benefits of co-op membership on this month’s statements as the board of directors issued a special $500,000 year-end refund.

The action was taken by the board because the co-op exceeded its financial requirements. As a co-op, any excess margins must either be returned to members or booked as capital credits each year.

“At a time of the year when temperatures have caused members to use more electricity than usual, we are pleased to report that our excellent financial condition enables us to return this money back to members,” states Brian Krambeer, president/CEO.

The amount of the refund is listed as a credit on each member’s January statement and is based on the amount of electricity used from January to November of 2013.

In October, TEC returned $812,200 in capital credits to members. The amount of each member’s capital credit refund was based on electric purchases made during specific years. The co-op retired 100 percent of the year 1990, 50 percent of 1991 and small percentages of the years 1992 through 2007.

TEC is a member-owned electric distribution cooperative serving three counties in Minnesota including Winona, Houston and Fillmore and parts of Olmsted and Mower counties in Minnesota and Howard, Winneshiek and Allamakee counties in Iowa. It provides electricity to more than 12,800 services in the area. TEC is a Touchstone Energy Cooperative.

Merchants Bank completes acquisition of Rushford and Lanesboro locations from Associated Bank

Thu, Nov 21st, 2013
Posted in Rushford Business Announcements

WINONA, Minn. – Merchants Bank has taken ownership of the former Associated Bank locations in Rushford and Lanesboro, according to Merchants Financial Group, Inc. President & CEO Richard L. Mahoney. Transfer of ownership took place November 15, ..... 
[Read the Rest]

Grace Place holding Raising Hope Breakfast

Fri, Oct 25th, 2013
Posted in Rushford Business Announcements

Grace Place is holding Raising Hope Breakfast on Wednesday, November. 6, from 8 to 9 a.m. at Tau Center Rotunda, 511 Hilbert Street. The free awareness and fundraising event is open to the public due to the generosity of sponsors. Grace Place oper ..... 
[Read the Rest]

Tri-County Electric Cooperative joins 11 other electric cooperatives in signing agreement to acquire Alliant Energy Territory

Fri, Sep 6th, 2013
Posted in Rushford Business Announcements

RUSHFORD, Minn. – Tri-County Electric Cooperative joined with 11 other electric distribution cooperatives serving Minnesota to form Southern Minnesota Energy Cooperative (SMEC) as the single point of contact for the purchase of electric service te ..... 
[Read the Rest]

9/11 commemorative flag raising at Farmers Co-op Elevator Company

Fri, Sep 6th, 2013
Posted in Rushford Business Announcements

As the nation and world look towards the 12th anniversary of the 9/11 attacks, the Rushford American Legion and Farmers Co-op Elevator Company invite the public to a flag dedication ceremony to remember and honor the thousands of innocent men, women ..... 
[Read the Rest]

New second location for Lyle’s Flooring America

Fri, Sep 6th, 2013
Posted in Rushford Business Announcements

Rushford Floor Coverings has officially become a second Lyle’s Flooring America location with the recent installation of their new signage. A change of ownership of Lyle’s created the opportunity for the second location in Rushford, Minn. You wi ..... 
[Read the Rest]

TEC ANNOUNCES PEAK ENERGY ALERT

Wed, Aug 21st, 2013
Posted in Rushford Business Announcements

Rushford, MN (10:30 a.m. Aug. 21, 2013)— Tri-County Electric Cooperative (TEC) is issuing a peak energy alert to address the high demand for electricity in the regional power market. TEC asks members to help by reducing their electric use. ..... 
[Read the Rest]

TEC Announces Peak Energy Alert Again

Fri, Jun 28th, 2013
Posted in Rushford Business Announcements

RUSHFORD, Minn. — For the second day in a row Tri-County Electric Cooperative (TEC) is issuing a peak energy alert to address the high demand for electricity in the regional power market. TEC asks members to help by reducing their electric use. ..... 
[Read the Rest]

3rd Annual Rushford Days Silent Auction

Tue, Jun 18th, 2013
Posted in Rushford Business Announcements

Grace Place is once again celebrating Rushford Days with their 3rd Annual Silent Auction. This year the location will be held at the Rushford Grace Place location, 110 W. Jessie Street. Store volunteers have been collecting items throughout the year ..... 
[Read the Rest]
1 | 2