The following Directors were elected to serve three-year terms: Charles Meisenheimer of Walnut (District 7), Denise Mayes of Bloomington (District 1), Jan Reimer of Carlock (District 1), and Gary Archey of Clinton (District 4).

Over $8 Million to be returned to Corn Belt Energy Members this summer

[June 24, 2015]  BLOOMINGTON - Approximately 1,400 cooperative members and their families attended Corn Belt Energy Corporation’s 77th Annual Meeting, which was held at Central Catholic High School in Bloomington on the afternoon of Friday, June 19.

The theme for the meeting was “People, Power, Progress.”; and a record number of members were in attendance making for a successful meeting. Attendees enjoyed complimentary lunch, music from American Pie featuring Randy and Kathy Burris, educational workshops, bucket truck rides, and several free activities for children.

During the business meeting, Board Chairman Rae F. Payne remarked on how prudent fiscal responsibility affords Corn Belt Energy the ability to do many things like reinvest in its infrastructure and maintenance program to maintain reliability. It also allows Corn Belt Energy to do capital credit retirements. Capital credits are periodically returned to members as the financial condition of the Cooperative dictates. It was formally announced that $8 million will be disbursed to members as retired capital credits starting in August. Nearly $30 million has been disbursed to members since the Cooperative was formed in 1938.

The following Directors were elected to serve three-year terms: Denise Mayes of Bloomington (District 1), Jan Reimer of Carlock (District 1), Gary Archey of Clinton (District 4), and Charles Meisenheimer of Walnut (District 7).

After the meeting, the Directors organized and re-elected Mr. Payne as Chairman, Charles Meisenheimer as Vice Chairman, Albert Hagenbuch as Secretary Treasurer, and Janice Reimer as Assistant Secretary Treasurer.

[Hillary Cherry, Director of Communications,
Corn Belt Energy Corporation]

About Corn Belt Energy - Started in 1938 to bring electricity to rural Central Illinois, Corn Belt Energy Corporation now distributes electricity to over 35,000 households and businesses throughout 18 counties. One of the largest cooperatives in Illinois, Corn Belt Energy employs 85 people, maintains over 5,000 miles of line, and distributes electricity from the Wabash Valley Power Association, a generation and transmission cooperative based in Indiana. As a not-for-profit energy cooperative, Corn Belt Energy is owned by the members it serves and is committed to providing reliable, affordable energy. Governed by 13 directors who are themselves residential members, Corn Belt also supports energy efficiency, education, and safety initiatives. Learn more at www.cornbeltenergy.com.