MVEC’s member-owners share in the financial success of the cooperative. After paying all expenses involved in providing safe and reliable electric service, margins are returned to members as Capital Credits.
In March, MVEC’s Board of Directors authorized a Capital Credit return of $1,179,000. The credits appeared on March electric bills and were given to qualifying members based on past electric usage.
An additional $300,000 is available for member estates or seniors age 70 or older who wish to apply for their Capital Credit balance at a discount.
Since 1959, MVEC has returned over $21 million in Capital Credits to member-owners, based on past electric usage.
Members who move and are no longer receive electric service from MVEC are also eligible for Capital Credits. That’s why it is important to keep contact information up to date so the co-op can forward future payments to you.
If you have questions about Capital Credits, review this page or contact Darlene at 952.492.2313 or 800.282.6832.