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 2021, the TWEC Board of Directors approved the retirement of $742,000 of capital credits for 2006 and a portion of 2007; and from our wholesale energy provider, Great River Energy (GRE), a retirement of $262,000 of capital credits will be refunded to TWEC members who had patronage from 1988-1990.
Active members: your capital credits will be applied to your account as an energy credit on your December bill1.
1 Some may ask why we aren’t sending a check and are instead doing the retirement as an energy credit: There are many benefits to an energy credit versus a check. It saves the Co-op money on mailing and printing costs. It solves issues where checks were never delivered or were significantly late by mail. The credit will be conveniently added on your December bill.
