2012 Profile - Lake Country Power

An electric cooperative is
Local, member-owned, responsive
Capital Credits $2.36 million in 2011*
Returned:
More than $28 million in capital credits
has been returned to cooperative
members through the years. *Includes
general and estate retirements
Economic Impact: Property taxes: $565,000
(2011) Minnesota sales tax: $4,210,456
Wages and benefits: $16.0 million
Economic development loans:
$3.8 million since 1992
General Manager:
Board of Directors:
Other businesses:
Greg Randa
Nine member board; one director
per district
Subsidiaries include:
• Lake States Tree Service: a
commercial tree service that
contracts with electric utilities
and private landowners for
tree maintenance right-of-way
clearing
• Lake States Construction: a
utility construction company
Local Operating Expenses
2010 2011
Distribution Operations & Maintenance $9,345,509 $10,326,025
Administrative & General $5,144,915 $4,873,222
Customer Accounts & Service $3,671,971 $3,576,731
Depreciation, Interest and Other Deductions $13,173,355 $13,070,553
Total Local Expenses $31,335,750 $31,846,531
7%
4%
2%
10%
13%
7%
2%
2012 Electric Bill
55%
Lake Country Power service area
Power Costs - 55%
Labor and Benefits - 13%
Transportation - 2%
ROW - 4%
Other Expenses - 7%
Depreciation - 10%
Interest Expense - 7%
Operating Margins - 2%
Lake Country Power also offers
WildBlue high-speed satellite Internet
service, as well as Wellspring
Renewable Wind Energy® to co-op
members through a voluntary program
to support renewable developments in
Minnesota.
Minn. Legislative
Districts Served:
Counties Served:
3A, 3B, 5A, 5B, 6A, 6B, 10B, 11A, 11B
Aitkin, Carlton, Cass, Itasca,
Koochiching, Lake, Pine, St. Louis
2011 Revenues: $73.09 million (Average revenue per mile
of line: $8,936)
2011 Sales: 631,561,401 kilowatt-hours
Total Plant
$264.2 million
Investment:
Substations owned: 45
Web Site Address: www.lakecountrypower.coop
Contact Information
800-421-9959
www.lakecountrypower.coop