Toll Free: (800) 214-2694 | Pay by Phone: (844) 965-1335
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Meet Your Board of Directors
We are governed by a member-elected board of directors comprised of members like you. Directors serve a rotating three-year term and must live in the district they represent. While each director represents a geographic region, they are elected by the membership at large. Here are your Board of Directors (as pictures from left to right):
- District 1 - Jon Kroening
- District 6 - Art Friedrich
- District 4 - Tracy Lauritzen
- District 7 - Jeff Orth
- District 2 - Jodie Tvedt
- District 3 - John Winter
- District 5 - Jerry Wooner
It Pays to Be a Member
As a member, you, not a group of private investors, benefit from any margins produced by the Cooperative by earning capital credits. Sometimes referred to as “patronage dividends” or “member equity,” capital credits are part of your investment in the Cooperative. Here’s how they work:
- PEC tracks the amount of electricity you buy throughout the year.
- At the end of the year, financial matters are settled to determine whether there is excess revenue, called “margins.”
- The Board allocates the margins to members as capital credits based on electricity they purchased during that year.
- When financial conditions permit, the Board of Directors retires (pays out) capital credits from prior years.
- PEC notifies you of how and when you’ll receive your capital credit retirements (generally paid out to members in October on your billing statement). Updating PEC with your contact information is key in continuing to receive these payments after you move.
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Serving Your Neighbor
If you would like to learn more about serving on one of our many committees or boards or understand how you can engage at the Cooperative, please reach out through the web form below.
- Nominating Committee: Helps ensure the Board of Directors are elected from among the membership by seeking out and vetting board candidates to run for the Board of Directors each year.
- Operation Round Up Trust Board: Reviews and determines grant awards each quarter to local charities and non-profit organizations.
Serving our Communities
Electric cooperatives are located in the areas they serve, making them easily accessible and responsive to members' needs.
