ECE Capital Credits Refund
Nov 21, 2008

ECE returns over $1 million in Capital Credits

BRAHAM, MN-The East Central Energy (ECE) Board of Directors has announced that the cooperative is returning over $1 million to its members this fall in the form of Capital Credits refunds.

Members who have been customers of ECE for more than one year will receive a Capital Credits refund. Their bill will include a bold blue line that says, "Capital Credits Refund," showing the amount that has been applied to their bill.

Capital Credits represent patronage dividends which the board of directors of the cooperative, acting under statutory authority, has elected to allocate to patrons. Each year, the ECE Board of Directors determines if there will be a refund, and if so, what portion can be refunded. The Capital Credits refund is based on the total amount a member paid for electricity.

Members who have moved off of the ECE system will receive a Capital Credits refund check which will be mailed to the address ECE has on file. Former members should call ECE at 1-800-254-7944 if they believe the co-op does not have their current address.

A Capital Credits contest is being held again this year, and all members who receive a Capital Credits refund are encouraged to participate. The entry form is enclosed with this month's bill. Members who complete and return the entry form will be entered in a drawing for one of five $100 energy certificates. Entries must be received by January 2, 2009. Winners will be announced in the Co-op Advantage newsletter.