20160216DIA to Staff Exhibit 8.pdf

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Dear BAR CIRCLE S WATER:
Kootenai Electric Cooperative is pleased to once again be paying money back to our member-owners. When you
signed up to receive seruice from Kootenai Electric Cooperative, you became one of KECs member-owners. Other
businesses return excess revenue or profits to investors or stockholders. Not us. KEC is a not-for-profit cooperative,
and we return any excess revenue as capital credits to YOU, our member-owners.
At the end of each year, KEC allocates capital credits (excess revenue) to our member-owners based upon the amount
of electricity purchased. Generally, the more electricity purchased, and the longer sorneone is a member-owner, then
the greater their share of KEC ownership, As new capital credits are allocated each year, then the older capital credits
can be retired or paid back to member-owners from earlier years.
This year, the KEC Board of Directors authorized the retirement (pay back) of $966,421.00 in capital credits to
member-owners who contributed to the Cooperative in 1985, You are receiving this pay back based upon your
allocated amount during those years.
We sincerely thank you for your member-ownership in Kootenai Electric Cooperative. lf you have any questions
regarding your capital credit pay back, please visit us online at www.kec,com or contact Peggy, Mary Kay or Alisa in our
Members Services Department at 208.765.1200. We are here ready to serve you!
Sincerely,
D--Xl*o.UlB
Douglas A. Elliott
GeneralManager
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