Corn Belt Energy members see $7 million returned to them this fall

 

[June 28, 2019] 

Approximately 1,537 cooperative members and their families attended Corn Belt Energy Corporation’s 81st Annual Meeting, which was held at Central Catholic High School in Bloomington on the afternoon of Friday, June 21. The theme for the meeting was “The Future is Bright”. Attendees enjoyed complimentary lunch, bucket truck rides, educational workshops on a variety of topics, alpaca petting zoo, kettle corn, snow cones and ice cream, safety demonstrations, and several free activities for children.

Cooperative Board Chairman Rae F. Payne remarked on how prudent oversight of maintenance and operational expenses 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 $7 million will be disbursed to members as retired capital credits starting this fall. He closed his remarks by thanking the cooperative members for their involvement in the cooperative.

During the business meeting, the following Directors were elected to serve three-year terms: Peter Borowski - District 1, Jessie Slager - District 2, Terry Longman - District 3, Laverne Malone - District 4 and Robert Angus - District 9.

After the business meeting concluded, the Directors held a reorganizational meeting and re-elected Rae F. Payne as Chairman, Charles Meisenheimer as Vice Chairman, Albert Hagenbuch as Secretary Treasurer, and Janice Reimer as Assistant Secretary Treasurer.

[Hillary Cherry]