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 2023, the Todd-Wadena Electric Cooperative (TWEC) Board of Directors approved a capital credit retirement that totals $1,051,000. TWEC is retiring $754,000 to members active in 2008; and Great River Energy, our wholesale energy provider, is retiring $297,000 of capital credits that will be refunded to TWEC members who had patronage from 1993-1996.
PLEASE NOTE: Active members: your capital credits will be applied to your account as an energy credit on your December bill.