As a member, you earn capital credits each year based on your patronage. This means if you purchase more electricity in a year, your allocation of capital credits is more for that year. Your Board of Directors makes a decision annually on whether to retire, or pay out, old capital credits based on the financial health of the cooperative and provisions of the by-laws.
In 2022, the Todd-Wadena Electric Cooperative Board of Directors approved the retirement of $766,000 of capital credits for the remainder of 2007; and from our wholesale energy provider, Great River Energy, a retirement of $160,000 of capital credits will be refunded to TWEC members who had patronage from 1991-1993.
Active members: your capital credits will be applied to your account as an energy credit on your December bill.