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.
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 dmea.com/capital-credits.
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 dmea.com.
