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New Ways to Save Energy
This year's Energy Optimization rebates and incentives are now available at michigan-energy.org. Make "saving energy" your new year's resolution and find better ways manage your electricity use this year. -Posted 1/6/12
Co-op Retires $1 Million in Capital Credits
Did you know? Everyone who receives electricity from an electric cooperative is a member-owner of the business.
Each time you pay your bill, you make an investment in a business you co-own with other members. You get a return on your investment through a capital credit retirement. When revenues exceed expenses, we assign these margins or profits annually to each account as “capital credits.” Individual allocations are based on how much electricity a member bought during the prior year. Over time, we retire and refund the capital credits in your account back to you.
After reviewing your co-op’s financial health and future capital needs, the board of directors authorized a $1 million capital credit retirement. Your share in this retirement is approximately 5 percent of the unretired capital credits in your account. Checks were issued to accounts with payments of $25 or more. Smaller payments will appear as a credit on electric bills.
Bottom line—electric cooperatives are focused on providing members with exceptional service through the delivery of safe, reliable and affordable electricity. We are member driven and not profit driven. That’s the cooperative difference. For more information call 1-800-562-4953 or click here for a list of frequently asked questions about capital credits.-Posted 12/19/11
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