When you joined Trinity Valley Electric Cooperative, you began investing in the company’s electrical infrastructure, equipment, facilities and growth. Member ownership is one of the key differences between co-ops and retail providers, and with each electric bill you pay, your equity in the co-op grows.
As a member-owned co-op, you are the owners, so any operating margin is allocated to each member based on the amount of electricity purchased in the year. It is a fair way to show each member’s investment, and the co-op has that capital available to assist in funding growth and important projects to improve reliability and service.
As the co-op’s financial condition allows, your elected board members refund these capital credits to members. For 2019, the TVEC Board of Directors has approved the return of just over $5 million in capital credits.
This amount will include all remaining credits from 1991, and 2% of all other credits for members from 1992-2018. Members who joined in 2019 have not yet been allocated any credits, and will not see a refund.
Current members will receive their credits on the electric bills mailed in December. Former members will receive a check at the address we have on file.
While credit amounts will vary greatly depending on how long you have been a member and how much electricity you have purchased, the return of capital credits is an important part of the financial stewardship of the co-op.
If you have any questions regarding capital credits, please contact TVEC at 800-766-9576 or [email protected].