Skip to main content
Chat Icon Contact Us
Lightning Bolt Icon Outage Map
Pay Online Icon My Account
Pay Now Icon Pay Now
High Speed Fiber Internet From DMEA Get Elevate Internet NOW!
Home
Menu
  • Account Services
    • My Account
    • Payment & Billing Options
    • Financial Aid
    • Rates
    • Start/Stop Electric Service
    • Time-of-Use
    • New Construction Information
    • Unclaimed Capital Credits Search
  • News & Publications
    • Press Releases
    • Newsletters
    • Industry News
    • Annual Report
    • Position Papers
    • Member Handbook
  • About Us
    • About DMEA
    • Contact Us
    • Annual Meeting and Elections
    • Board of Directors
      • Service Area
    • Capital Credits
    • Co-op History
    • Financial Statements
    • Bylaws
    • Meeting & Events
    • Leadership Team
  • Efficiency
    • Home Energy Evaluation
    • Free Home Weatherization
    • Home Energy Audits
    • Home Energy Monitors
  • Renewables
    • Garnet Mesa Solar
    • South Canal Project
    • Community Solar Array
    • Net Metering
    • Qualifying Facilities Information
  • Community
    • Operation Round Up
    • Scholarships
    • Youth Leadership Programs
    • Educational Services
    • Community Sponsorships
  • Safety
    • Outages
    • Call Before You Dig
    • Trees & Your Power
    • Education
    • Play It Safe
    • Spring Burning
    • Kid's Safety
  • Careers
    • Current Job Listings
  • High Speed Internet
    • About Elevate
    • Elevate For Business
    • Elevate Home Phone
    • Elevate Internet

DMEA Retires $3.4 Million in Member Credits

DMEA Retires $3.4 Million in Member Credits

Monday | December 5, 2022
All News

DMEA Retires $3.4 Million in Member Credits

Delta-Montrose Electric Association retired $3.4 Million in capital credits this week to more than 8,000 current and former cooperative members. DMEA’s Board of Directors approved the retirement in November after evaluating the co-op’s financial condition.

 

“Capital credits are a benefit unique to co-op members, and it’s our responsibility to ensure DMEA operates in a way where we continue to fulfill our cooperative principles. I’m proud to report DMEA’s finances are robust, and we are in a healthy position to return member credits,” said Kent Blackwell, Interim CEO and Chief Technology Officer.

 

Active and former DMEA members who purchased electricity in 1991 and 1992 will receive their capital credit this month. Retirements of $50 or less will be applied as a bill credit, and checks will be mailed to all members receiving more than $50. The average total retirement amount for a residential member is approximately $130.

 

How does the capital credit process work?

  1. DMEA keeps track of how much electricity members buy and how much they pay for it throughout the year.

  2. At the end of the year, the DMEA completes a financial analysis and determines whether there are excess revenues, called operating margins.

  3. DMEA allocates operating margins back to members based on how much electricity the members purchased during the year.

  4. When DMEA’s financial condition permits, the board of directors elects to retire (pay) those capital credits back to members.

 

Current cooperative members receiving a capital credit can expect to see their credit applied to their DMEA bill this month and checks to arrive within the next two weeks. DMEA also reminds members who move outside of the co-op’s service territory to provide updated forwarding addresses to ensure they receive future capital credit retirements. For more information about capital credits visit https://www.dmea.com/capital-credits.

 


About DMEA

Delta-Montrose Electric Association is a member-owned rural electric cooperative. Located in southwest Colorado, DMEA provides safe, reliable, and affordable electric service to approximately 30,000 members, primarily in Montrose and Delta counties. DMEA is a progressive and forward-thinking electrical distribution cooperative dedicated to meeting the diverse energy needs of its members. Learn more at www.dmea.com. 

Back to Top

Quick Links

  • 2021 DMEA Business Grants
  • Board Portal
  • Careers
  • Contact Us
  • Elevate Internet
  • News
  • Pay My Bill
  • Statement of Nondiscrimination
 

Follow Us Online

Facebook Icon
Linkedin Icon
YouTube Icon

Has DMEA sponsored an event or cause close to your heart? Tell others what DMEA has meant to you here!
 

Tell us how DMEA has positively impacted your community!

©2023 Delta-Montrose Electric Assn.. A Touchstone Energy Cooperative

  • Account Services
    • My Account
    • Payment & Billing Options
    • Financial Aid
    • Rates
    • Start/Stop Electric Service
    • Time-of-Use
    • New Construction Information
    • Unclaimed Capital Credits Search
  • News & Publications
    • Press Releases
    • Newsletters
    • Industry News
    • Annual Report
    • Position Papers
    • Member Handbook
  • About Us
    • About DMEA
    • Contact Us
    • Annual Meeting and Elections
    • Board of Directors
      • Service Area
    • Capital Credits
    • Co-op History
    • Financial Statements
    • Bylaws
    • Meeting & Events
    • Leadership Team
  • Efficiency
    • Home Energy Evaluation
    • Free Home Weatherization
    • Home Energy Audits
    • Home Energy Monitors
  • Renewables
    • Garnet Mesa Solar
    • South Canal Project
    • Community Solar Array
    • Net Metering
    • Qualifying Facilities Information
  • Community
    • Operation Round Up
    • Scholarships
    • Youth Leadership Programs
    • Educational Services
    • Community Sponsorships
  • Safety
    • Outages
    • Call Before You Dig
    • Trees & Your Power
    • Education
    • Play It Safe
    • Spring Burning
    • Kid's Safety
  • Careers
    • Current Job Listings
  • High Speed Internet
    • About Elevate
    • Elevate For Business
    • Elevate Home Phone
    • Elevate Internet