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CoServ News

CoServ Returns $108 Million Since 2003

$12 million in Capital Credits retired for third year in a row

For the third consecutive year, CoServ is retiring $12 million in Capital Credits. Capital Credits are one of the most tangible examples of Members’ Economic Participation, which is one of the Seven Cooperative Principles. Since 2003, $108 million has been distributed to Members.

Four more things to know about Capital Credits:

1) CoServ is a nonprofit electric cooperative owned by our Members. If your electricity comes from CoServ, you are a Member. When CoServ earns a margin (revenues remaining after all expenses have been paid), it is allocated to Capital Credit accounts in Members’ names based on their kilowatt-hour purchases and the associated gross margin for the year.

2) Over time, these Capital Credits add up, providing the equity needed for CoServ to meet our financial obligations and conduct business.

3) Each year, the CoServ Electric Board of Directors, elected by Members like you, decides whether to retire (pay) Capital Credits and, if so, how much. This year, the Board chose to retire $12 million.

4) Retirement amounts under $200 will be credited to your account. Retirement amounts over $200 will be disbursed in check form via the U.S. Postal Service.

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