Area students earn Tri-County Electric scholarships
Wednesday, June 19, 2013 3:48 AM
Tri-County Electric Cooperative (TEC) recently awarded $18,200 in scholarships to 47 local high school students. Since 1991, the cooperative has given $229,387 to area high school graduates.
Recipients of this year's TEC scholarships at Fillmore Central are Andrew Coyle, son of John and Jackie Coyle; Cody Hendrickson, son of Scott and Laurie Hendrickson; Adam McCabe, son of Jerry and Pam McCabe; Jordan O'Connor, son of John O'Connor; and Jacob Ristau, son of Marvin and Brenda Ristau. Receiving scholarships from Lanesboro are Ashley Bue, daughter of Harvey and Anita Bue; and Michael Holst, son of Tom and Sue Holst.
Recipients at Mabel-Canton were Logan Henry, son of Craig and Tricia Henry; Kayla Phillips, daughter of Stacy Phillips; and Christy Welscher, daughter of Harley and Deanna Welscher.
The money for the scholarships is funded through unclaimed capital credits. The cooperative is a non-profit organization where margins remaining after the cost of providing electric service are returned to members as capital credits. TEC attempts to contact owners of the capital credits for seven years before the capital credits are considered unclaimed.
Scholarship recipients are chosen by their high school to receive TEC's scholarships. TEC issues the unclaimed capital credits to 17 school districts within its service territory. The amount of unclaimed capital credits issued to each school is determined by the number of TEC members residing in the school's district.
TEC is a member-owned electric distribution cooperative serving three counties in Minnesota including Winona, Houston and Fillmore and parts of Olmsted and Mower counties in Minnesota and Howard, Winneshiek and Allamakee counties in Iowa. It provides electricity to more than 12,800 services in the area. TEC is a Touchstone Energy Cooperative.