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Capital Credits

Cooperatives operate under a unique business model. As a not-for-profit organization, MVEC focuses on operating at cost. When there is margin over the cost to operate, the money is refunded back to member-owners as Capital Credits.

MVEC’s Board of Directors decide when Capital Credits are returned. Capital Credit distributions are based on a first in, first out basis, meaning margins from approximately 24 years ago are returned to those members first.

  • In March 2020, the Board announced a distribution totaling approximately $640,000, which represents electricity purchased in portions of 1995-96.

Since 1959, MVEC has returned over $26 million to member-owners, based on their household’s or business’ previous electric usage.

Questions? For more information contact:
Capital Credits Department at (952) 492-2313 or (800) 282-6832  |  info@mvec.net

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Just like all MVEC members, former Alliant Energy members begin accumulating Capital Credits as of their first date of electric service!

 

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