Newspaper Archive of
Hays Free Press
Kyle, Texas
Lyft
July 20, 2011     Hays Free Press
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July 20, 2011
 

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Page 2C + NEIGHBORS Hays Free Press July 20, 2011 STAFF REPORT "Capital credits are one of the great ben- efits of being a Co-op member," said PEC Pedemales Electric Cooperative is call- Chief Executive Officer RB Sloan. "We're ing on its members and former members doing what we can to make sure the cred- to claim capital credits worth about $4.2 its distributed in '07 are returned to their million that were distributed in 2007 for rightful owners - our members and for- memberships from 1960-1976. mer members." As of May 2011, about 40,000 capital Funds not claimed by Aug. 1 will be credits checks issued in 2007 and 2008 still turned over to the state of Texas in Oct- had not been cashed and have expired, bar, and although members will still be PEC sent checks to members' last known able to claim their money after that, they addresses, will have to do so through the state. Un- CREEKSIOE VILLAS SENIOR VILLAGE : '' www.IllelrJttcorlll11[lllJtJes.cor11 This month, the public can go to www. der Texas law, unclaimed property that an pec.coop and review a list of members for entity, such as a cooperative, is in posses- whom PEC is holding unclaimed property, sion of becomes the property of the state Members with funds to claim can fill out if the rightful owner does not claim it after a form to get a check reissued. Members a specified period of time. with rights to claim a deceased member's PEC marled 835 letters in early June to capital credits are asked to call the Co-op the last known addresses of members in to discuss options for reissuing a check. Texas who are owed $250 or more - the $250 is in accordance with Texas law -- and also to out-of-state members for all owed amounts. Most of the almost 40,000 checks that have not been cashed are for amounts less than $250 for members with Texas residences listed as their last known addresses. The co-op's Board of Directors ap- proved a resolution at its June meeting to ensure PEC continues to take steps to return the unclaimed money to members and to help members avoid the need to file a claim with the state. "PEC is woddng diligently to go above and beyond what is required by law to match up these people with their money, said PEC Special Counsel Pete Slover. Members can callPEC at 1-888-554-4732 or send the Co-op an emal] at CapitalCred- its@peci.com if they have any questions. Pedernakm Electric Cooperative says It owes money to the following Kyle and Buda residents for unclaimed capUal credits from 1960 to 1976: :lff:t Jltl lAVin |lEAlltk'Okl 1 IIO]t| OILVAILVjIII IinVi Mt~I&ITI Bring this ad to t receive a free , application fee with your resenmtion! *See office for further details. It's time to live life well in our well-appointed one & two bedroom apartment homes. Nestled in the heart of historic downtown Buda our plush landscape and deluxe amenities will offer you the comforts you deserve. O~n 7 da~ a ~ek. Call to sclmdula your tour today/ ADWARE SPYWARE MALWARE VIRUSES On-Site Removal (requires broadband intemet access) Norton Internet Security and Anti-Virus 2010 Mfr Rebates Available to Previous Owners KYLE ARREDONDO, DELFINO BOENING-R H N, R W CARTER, LELAND COUFAL, ROY DELGADO, JUAN ABERNATHY, EDWIN ARREDONDO, VICENTE BON TON BARGIN STORE CARTER. STEVEN COx, HENRY J DELGADO, MARGARET ABRAMSON, VINCE ARRENDO VICENTE BORCHERT, LOUIS A CASPER GEORGE F COY LOUIS M DI JOE ACREY, ROY E ARREN~NDO, DANIEL BRADY, ANDREW CASTIt.L(~, AMELIA CRA~N, BEI"rY SUE D I~AZ~I, CHARLES ADAMS, GERALD ARRENDONDO, FRANK BRADy, ETHEL B CASTILLO, RAYMOND CRAWFORD, GARY DISMLIKE, DORAELIA ADMAS, GERALD E ARRENDONDO VICENTE BRAUNE EMIL CASTILLO, RAYMOND L CRAWFORD, JOSEPH DIXON JR, SAMUELA AGUILAR, LOUIS ARRIETA, PED~IO BREWI~TON, P J CATLETT DONALD D CREWS, GALLOWAY DIXON, LARRY AGUILAR, PABLO AUSTIN FAITH CHAPEL BROADWAY, MONTIE CELSO D'ELGADO OROES HOt~E RN~CH WP DORMAN, C AGUIRRE FELIX AVALOS, A R BROOKS, MARION CHASTIAN, TED CROWELL, DAVID DORMAN, C O ALCAL/~ ~NIO AVALOS APOLINA BROOKS, VERNA L CHAVANA, ANTHONY CRUF-.~ FLORENTIN DOTSON, EDWARD G ~'~ RI!~AI.BRII)GE ALEXANDER CLAUDE AYERS YOM BROWN, HERBERT E CHESSER, W T CRUZ, ALEJANDRO DRESSEN, PETE ~ SO LUT] t:)NS ALLEN, BR0~E BAKER: ANDREW B BROWN, J E CHRISTY C R CRUZ, SYLVIA DURBIN, JOHN R ALLEN, CHARLES BALES BRYCE BUAAS V L CISNER~.~, DAN CRYER 7H~ DYER RUBY ALLEN, EARL BAI.ES'CHAS BUCi