2008 - Kauai Island Utility Cooperative

FOR RELEASE ON JUNE 1, 2008
5/29/08
Contact:
Shelley Paik
808.246.4378
spaik@kiuc.coop
KIUC Patronage Capital Refunds Totaling $3 Million to Begin Arriving Next Week
Lihue, Kauai, HI - 5/29/08 – After receiving approval from the Rural Utilities Service (RUS)
earlier this month, Kaua`i Island Utility Cooperative and the Board of Directors began making
arrangements to disburse checks and account information to the membership totaling $3 million;
25 percent of the $12 million in margins generated by KIUC in 2007.
Checks will be issued for refunds totaling $10 or more. If the amount is less than $10 and the
member has an active account, the amount will be credited to the member’s account. If the
refund amount is less than $10 and the account is inactive, the amount will remain in the
member’s patronage account until the cumulative refund amount is $10 or more. For an average
residential account that consumed about 500 kilowatt hours per month, the average refund check
will be approximately $35.
Members can expect refunds to begin arriving next week.
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4463 Pahe`e Street, Suite 1 • Lihue, Kaua`i, HI 96766-2000 • 808.246.4300 • www.kiuc.coop
KIUC is an equal opportunity provider and employer.