East Central Energy Members To Receive Capital Credits
East Central Energy (ECE) members will see a benefit of ownership in their cooperative when their 2010 Capital Credits refund is applied to their account.
The ECE Board of Directors recently announced that the co-op is returning over $1.1 million to members this fall in the form of Capital Credits refunds. Eligible members will see a bold blue line on their next billing statement that says, “Capital Credits Refund,” designating the amount of their refund. The bill will be reduced by the amount shown on this line.
Capital Credits are a result of the cooperative’s financial stability. Each year, the board of directors determines if there will be a refund, and if so, what portion of a member’s Capital Credits can be refunded. The Capital Credits refund is based on the total amount a member paid for electricity.
Members of ECE for more than one year will receive a Capital Credits refund. Members who have moved off the ECE system may receive a Capital Credits refund check, which will be mailed to the address ECE has on file. Former members should call ECE, 1-800-254-7944, if they believe the co-op does not have their current address.
East Central Energy (www.eastcentralenergy.com) is a member-owned electric cooperative that serves more than 57,000 homes, farms and businesses in east central Minnesota and northwestern Wisconsin. ECE provides electricity and high-speed Internet, as well as community and business development and environmental services.