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August Message from the Manager

Capital credit allocations

Jerry King

Burke-Divide Electric Cooperative recently mailed capital credit allocation statements to all members who received electric service from the cooperative in 2017.

 

The allocation statement shows your capital credit allocation for 2017, the balance of your unretired capital credits from previous years, and the current total of your capital credit account.

 

As a non-profit electric cooperative, BDEC allocates the annual operating margins, or profits, to members purchasing electric service from the cooperative.  Money allocated back to you and other members is called capital credits.

 

The allocation becomes your equity in the cooperative and is maintained in a separate account assigned to you.  When the co-op’s financial condition permits, the co-op retires, or pays, the capital credits to members.

 

The amount of capital credits allocated to you in a given year is based upon the amount of capital you contribute to the co-op through payment of your monthly electric bills.  The more kilowatt hours of electricity you buy, the greater the amount credited to your capital credit account.

 

At BDEC, every member is an owner.  Unlike other electric utilities, we exist to make sure your electric needs are met, not to make a profit.  And, if we do make a profit, we give that profit back to you, our member-owners.

 

As always, I encourage you to contact us with any questions you have regarding your allocation statement, the capital credit process or your co-op in general.

 

Until next time,Capital Credits

 

Jerry King

General Manager

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