Members earn capital credits each year based on their patronage—the more electricity purchased, the higher the allocation of capital credits.
Each year, the Cooperative’s Board of Directors makes a decision on whether to retire old capital credits based on the financial health of the cooperative and provision of the by-laws. In the past 10 years, Todd-Wadena Electric Cooperative has retired $5,700,000 to members, with $848,000 of that coming from 2020.
This year, Todd-Wadena Electric Cooperative’s Board of Directors approved retiring $695,000 of capital credits for the remainder of 2005 and a portion of 2006; and from our wholesale energy provider, Great River Energy (GRE), a retirement of $153,000 of capital credits will be refunded to TWEC members who had patronage from 1985-1987.
A combined capital credit refund check will be mailed out to eligible members in mid-December.