Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 9 · column 3 of 6 · from the scan, no model involved
therefore represents the members’ ownership of the REC.
Mr. Viverette said that REC’s strong financial position at the end of 1988 made it possible for the Cooperative to assign 12 percent of each residential member’s total 1988 electric bill back to his/her Capital Credit account.
“That means that 12 cents of every dollar paid for electricity during 1988 by a residential member was credited to his/her personal Capital Credit account,” said Mr. Viverette. He continued by stating that the $1,402,000 refund represented a 3.2
95.8%