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Getting your piece of the pie: Capital credits issued

Monday | February 1, 2021
All News

Capital credits issued
As a cooperative, SLVREC does not operate for a profit. Rates are determined by periodic cost-of-service studies designed to evaluate the cost of doing business for each rate class served. Money collected in excess of actual expenses is retained by the cooperative as a type of operating loan. This loan from members to the cooperative provides a ready cash flow and keeps the cooperative financially stable.
Each year, the cooperative’s board of directors reviews the company’s financial status and determines if there is enough working capital on hand to return a portion of this “borrowed” money back to members. These capital credits are paid out to members in direct proportion to a member’s use for the years in which the credits are being returned.
Members who no longer have active accounts with the cooperative, but who are entitled to receive capital credits for these years will receive a check in the mail.
SLVREC currently returns most capital credits in the form of a bill credit for members with active accounts. Bill credits were issued on the January 2021 statements.

2021 Capital Credit Retirement

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©2021 San Luis Valley REC. Powering a Vital Valley.

  • COVID-19 Resources
  • About Us
    • 7 Cooperative Principles
    • Executive Team
    • Board of Directors
    • Annual Meeting
    • Careers
  • Account Center
    • My Account / Pay My Bill
    • Budget Billing & Auto Bill Pay
    • Capital Credits
    • Billing And Payment FAQs
    • Maps
    • Resources & FAQs
    • SmartHub
  • Services
    • Electric Rates & Rate Classes
    • Net Metering Installations
    • Sign-Up For Service
    • Electric Thermal Storage (ETS) Heaters
  • Programs
    • Energy Assistance Programs
    • Energy Efficiency Credit Rebate Program
    • Go Green Program
    • Weatherization & Energy Savings Program
  • Community
    • Scholarships
    • Youth Tour
    • Youth Camp
  • News & Media
  • Contact Us