Hello again, CoServ Members! In the May edition, we talked about how our electricity rates are consistently lower than our competitors, providing real savings in your pocket each month.
But the savings don’t stop there. One of the greatest benefits of being part of a cooperative is Capital Credits; it’s one of the ways we return value directly back to you, our Members.
Any margins, or profits, are allocated to an account in each Member’s name in May, and this is known as a Capital Credit allocation. The amount of this allocation is proportional to your electricity purchases from the previous year. Your investment in the cooperative allows us to continue to provide excellent service, but ultimately it belongs to you, our Members.
In May, the CoServ Board of Directors voted to retire $16 million in Capital Credits back to Members. This Capital Credit retirement will appear as a credit on your August bill, helping offset what is typically the highest bill of the year.
All Members who had service with us prior to Jan. 1, 2026, will receive the Capital Credit retirement on their bill. Credit amounts under $5 will be carried forward for a future retirement.
Former Members who moved out of CoServ’s service area will receive their Capital Credits in a check that will be mailed to the last known address. Email [email protected] to make sure your address is up-to-date.
The deregulated utilities would send this money to shareholders as a dividend payment. As an electric cooperative, CoServ doesn’t have shareholders because we are owned by our Member-owners. This is the biggest differentiator between CoServ and the for-profit competitors.
Thank you for allowing us to serve you for 89 years. Your investment, our mission!
