September 2024 Light Reading

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LIGH READING

The program that returns money to you! BACK CASH

As a member-owner of Inland Power you receive cash back when our profits exceed our costs to serve you.

You own Inland Power, which operates on a not-for-profit basis as a cooperative. Our sole purpose is to deliver safe and reliable power to you at cost. All revenue exceeding the cost to provide electric service is allocated back to you through our CA$H BACK program, also known as capital credits. Once allocated, these funds are held by Inland Power as a resource to replace aging infrastructure, increase capacity, maintain reliability and to operate your co-op. This system helps keep your rates low and your service reliable.

The amount of cash back you are allocated each year is based on how much electricity you used during the previous year. In time, you will receive all your allocated cash back. The Inland Power board of trustees retires

these funds when finances allow, often on an annual basis. Portions of all vintage years are retired each fall and may take up to 35 years to return all vintage year allocations to you.

2023 Allocation

Starting in 2017, the board of trustees voted to allow members to receive their CA$H BACK payment early, but it must be equitable with those who wait for up to 35 year. In other words, $1 today is not the same as it will be 35 years from now. Therefore, any early payment must be discounted or reduced to a level that makes it equivalent to those members on a 35-year rotation. Your 2023 discounted CA$H BACK payout will be applied as a credit to your November bill. By switching to the discounted payout method, members can participate in the benefit of

being a co-op member without having to wait 35 years for the full benefit. This also allows Inland Power to keep your rates as low as possible.

1996-2017 Vintage Year Allocation

For those members who have unpaid capital credits, or who opt out of the discounted program and have current year capital credits, your capital credits will continue to be retired at the regular interval and paid to you as the board of trustees approves the payments each year.

For additional details, please visit our website at inlandpower.com/cash-back, or call your Inland Power member experience team at 509-747-7151

Our mision is our members!

2025 board elections

Help shape the future of your co-op!

As a member of Inland Power, you own the utility. That ownership comes with benefits including local control and accountability, meaning your choice of co-op leaders. Here at Inland Power, our elected board members are called “trustees.”

The word “trustee” gets to the heart of the matter. Co-op members entrust board members to keep their co-op strong. The job is more than attending board meetings. Trustees must learn about complicated issues in the energy business and foresee challenges in providing affordable and reliable power. They forge a long-term plan for the sustainability of the cooperative. They hire the CEO. They reach out and listen to the members, speak up for the co-op and stand up for members at every turn. Trustees are stewards of that purpose and should make every decision big or small with the members in mind.

District Description and Map

If this sounds like a position for you, Inland Power’s nominating committee is accepting applications for board positions in districts four and six. Please send your request for the candidate packet outlining candidate qualifications, responsibilities and the application process to Andy Barth by emailing andyb@inlandpower.com or by phone at (509) 862-9032 . Prospective candidates will be required to submit a candidate certificate of eligibility, complete an application and provide a photo by Thursday, Oct. 31, 2024

The member-comprised nominating committee will meet in November to review all applications received and make nominations based on those with the most appropriate qualifications. Additionally, co-op members may be nominated by petition along with the prerequisite applicant documents.

District No. 4 includes all the area served by Inland Power south of an east-west line along Trent Ave/Highway 290 until it reaches Division/ Highway 395. It then follows a line along Division/Highway 395 as it travels south to I-90 and then west on I-90 until it hits the intersection of Highway 195, it then includes all territory east of Highway 195 and north of the Spokane-Whitman County line.

District No. 6 includes all the area served by Inland Power south of the Spokane-Whitman county line when extended east and west to the ends of Inland Power’s service area and north of a line along Highway 26 from Washtucna to its junction with Highway 195 and then along Highway 195 to its junction with Highway 270 then along Highway 270 to its end.

Candidates will prerecord a two-minute speech that will be videoed at the Inland Power headquarters. Dates for the video process will be determined once candidates have been finalized. Videos will be posted at inlandpower.com and SmartHub for the election.

Election results will be announced at our 2025 Annual Meeting on March 29, 2025. Each active membership is entitled to one vote for each district up for election. Look for election and voting details to be mailed to you by early February.

Please see below for territory descriptions and map of districts four and six. For

It’s back to school time!

It’s back to school time, so let’s remember to play it safe as we begin a new year. Here are some friendly reminders to be aware of this fall.

Slow down and be alert in residential areas and school zones. Be especially watchful of kids in rural areas without sidewalks.

Red flashing lights mean stop and wait at least 20 feet behind the bus while children are getting on or off. Stay stopped until the lights stop flashing, the extended stop-arm is withdrawn and the bus begins moving.

If your children ride the bus, remind them to load and unload in front of the school bus (never behind so the driver always has a clear view of passengers)

We wish everyone a successful, fun and safe school year!

Know the benefits and concerns of EVs

You’ve likely heard or read that most automakers are transitioning many or all their new vehicles to electric-only models over the next 10 years. Regardless of the type of car you drive today, the electrification of the transportation sector is underway.

It’s no secret that consumer interest in electric vehicles (EVs) is growing, and Inland Power is providing information about EV charging requirements so that our members can make informed decisions when considering an EV purchase.

Something to keep in mind, all EVs come with a 110-volt-compatible (Level 1) charging unit, which can be plugged into any standard household outlet. For an eight-hour overnight charge, this will enable traveling around 36 to 40 miles a day. If you typically drive longer distances or are in a hurry, a Level 2 charger takes about half the time and

provides about 180 miles of range over an eight-hour charging period. A Level 2 charger must be installed by a licensed electrician. Inland Power also offers rebates for Level 2 charger installations.

Since National Drive Electric Week is coming up Sept. 27 - Oct. 6 we thought it would be helpful to list some of the benefits and concerns of electric vehicles.

 Lower fuel costs: Charging an EV at home or at a public fast charger is generally less expensive than fueling a gas-powered vehicle.

 Quick Acceleration: Electric motors provide instant torque, resulting in better acceleration compared to gaspowered cars.

 Quiet Operation: EVs run extremely quietly, which can enhance the driving experience.

Concerns:

 Range Anxiety : EVs typically have limited driving range compared to gas cars. However, this is improving with newer models.

 Charging Infrastructure : While charging networks are growing, finding charging stations can still be challenging in some areas.

 Upfront Costs : Initial cost for EVs can be higher, however; prices are gradually changing as more affordable models become available.

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