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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 20 years ago are returned to those members first.

  • In March 2018, the Board announced a distribution totaling $1.4 million, which represents the balance of 1994 and a portion of 1995.

Since 1959, MVEC has returned over $22 million to member-owners, based on their household’s or business’ previous electric usage.

Capital Credit Payment Process
Senior Citizens and Estates
Unclaimed Capital Credits
FAQs

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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