Manager’s Message – December 2023

NLI Returns More Than $2 Million to Co-op Members

Happy Holidays from all of us at Northern Lights!

I am happy to announce the board of directors has authorized a total of $2,280,000 of capital credits from 1998, 1999 and 2000 to be returned to our members. This means that if you were a member of Northern Lights in those years, you will receive a check in the mail this December. Your check amount is determined by the amount of energy you used during those years.

We work hard to serve our members by providing safe, reliable and affordable electricity. As a not-for-profit cooperative, NLI is owned by its members. One benefit of being a member-owned cooperative is money left over at the end of the year is returned to the members in the form of dividend checks in the future. Meanwhile, the funds are used to improve and maintain our infrastructure, ensuring reliable service, offsetting the need to borrow money, and helping us keep rates low.

Capital credits from years past that go unclaimed are held by the cooperative. A list of all members with unclaimed capital credit distributions is available on our website at the NLI website. If you find your name on the list, call us at (208) 263-5141.

As another option, you can always donate your capital credit checks to the Northern Lights Community Trust, which distributes funds to local charities in our service areas. See the insert enclosed with your check for instructions on how to do this.

Feel free to contact our office if you have any questions.

All of us at NLI wish you a safe and happy holiday. We hope you enjoy the time with family and cherish the holiday spirit.

Merry Christmas!

Annie Terracciano
General Manager