Gives Notice of Unclaimed Capital Credits to Current and Former Members

By Shannon Weidemann (McKone) on Wednesday, March 30th, 2022 in More Top Stories Northeastern Oregon News

BAKER CITY – (Release from OTEC) Oregon Trail Electric Cooperative (OTEC) has updated its list of unclaimed capital credits as of March 15, 2022.

In accordance with OTEC bylaws and policy, the names of OTEC Members entitled to capital credit retirements – who have not yet claimed their retirements – can be reviewed on the OTEC website at: www.otec.coop/capital-credits

If you are an OTEC Member and current (or former) consumer of OTEC, please check the OTEC website and list of Members who have failed to claim payments of capital credits owed.

Application for re-issuing funds owed may be made by contacting your local OTEC office. Unless those persons named, or their heirs, claim payment no later than July 31, 2022, the unclaimed capital credit retirements that have been available for a period of four years, or since December 31, 2017, may be forfeited to the Cooperative.

OTEC also asks that anyone who knows of former OTEC members who may be owed capital credits to reach out to them for them to see if they have any unclaimed capital credits.

Please call OTEC at 541-523-3616 with questions.

About the cooperative

Oregon Trail Electric Cooperative (OTEC) is a not-for-profit, member-owned electric cooperative that serves nearly 60,000 residents in four counties in Eastern Oregon. Headquartered in Baker City, OTEC has district offices in Burns, John Day and La Grande.