One of the best benefits of being a co-op member is capital credits. This year, the PVREA Board of Directors is returning $3 million in capital credits to members. That brings the total amount of capital credits returns issued annually in the past 5 years to over $17 million!
This year’s capital credit payout is being paid to members who received service from PVREA for the years 2003 and 2016 or any combination of those years. Current and previous members who have accumulated capital credits during those years of $10 or more will receive a capital credit check in September.
Electric co-ops differ from other utilities. PVREA operates at cost— collecting just enough revenue to run and expand the business. When PVREA has money left over, it’s allocated back to you and other members as capital credits. Your allocation was noted on your bill in May. When our financial position permits, the capital credits are retired and returned to our members.
To learn more about capital credits and to watch a video on how it works, visit our Capital Credits webpage.
Submit Your Story for a Chance to WIN!
Tell us the fun, creative or unique way you choose to spend your capital credit check and we’ll enter you into a drawing for one of three $100 bill credits. We’ll select a few of our favorite ideas to feature in the November Poudre Valley Connections. Email firstname.lastname@example.org or share on social media at Facebook.com/PoudreValleyREA or Twitter.com/PoudreValleyREA. Be sure to tag your story with #mycooppie.