Platte-Clay Electric Cooperative to celebrate 75th anniversary May 9
Platte-Clay Electric Cooperative will celebrate 75 years of providing electric service at the annual meeting May 9, held at the Kearney office, just west of I-35 on Hwy. 92. Doors open at 4:30 for event registration, capital credit check distribution, displays and a kids carnival, which runs until 8 p.m. The business meeting begins at 7 p.m., with a report on the state of the co-op and electing representatives to the board of directors for each of the three districts.
This year the nonprofit cooperative will distribute more than $1 million in capital credit checks in amounts of more than $15. Capital credits are monies left over, after good business practices, distributed back to the membership. Beginning in late May, checks will be mailed to members who didn’t attend the meeting.
Platte-Clay was formed in 1938 and funded through Rural Electrification Administration (REA) funding, part of President Franklin Delano Roosevelt’s efforts to pull the U.S. out of the Great Depression, provide electric service and stimulate the economy, particularly in rural areas which lacked many modern conveniences.
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