That’s why current customers whose accounts were active in 2006, 2007 or 2008 will see reduced bills this spring as we return over $232,500 to our members.

As part of our capital credit retirement, members whose accounts were active from 2006-2008 will see a bill credit on their statement (as shown to the right): cycles 2 and 3 in April, and cycles 4, 5 and 1 in May. That means no more getting lost in the mail, no more trips to the bank, no more lost or forgotten checks — just money in your pocket. 

Customer accounts that were active in 2006-2008 and are now inactive will still receive checks in the mail.   

As a not-for-profit electric utility, we operate differently than investor-owned utilities who generate profits for shareholders. Instead, we operate on an at-cost basis for our member-owners, so when we succeed, you succeed. Once the board has established a sound financial position, any profits (referred to as “margins”) over and above budget are returned to the members in a portion of what they paid for electric service that year. 

So, this spring, patronage capital from our generation and transmission facility, Wabash Valley Power, will be returned to members in the amount of $232,500; the cooperative’s capital credit allocation will be retired at a later date. 

Thank you for your patronage and helping the cooperative thrive. Enjoy this perk of membership that literally is putting money back into your pocket!