• Vt. Electric Co-op returning $850K to members
    By
     | September 19,2013
     

    MONTPELIER — The Vermont Electric Cooperative is returning $850,000 to members, the first time it’s made such a distribution in its 75-year history.

    In previous years, the Co-op has reinvested earnings in upgrades to its electrical system and used capital to secure power supply contracts.

    Vermont Public Radio reports (http://bit.ly/1aIvEa4) the co-op recently adopted new policies that enable “patronage capital” distributions. That’s based on the principle that the economic benefits of a cooperative’s operation should be returned to its members or reinvested in the co-op.

    The distributions apply to members during 1997 and 2012. Active members in good account standing and with patronage capital balances from these years can expect to receive a credit on their bills between now and mid-October.

    MORE IN Vermont News
    Lea Davison, Team USA’s best hope for an Olympic medal in mountain biking, loves to see girls on... Full Story
    Vermonter Lea Davison, US cyclist, heading to Rio
    PHILADELPHIA — With his presidential campaign officially over, independent Sen. Full Story
    Sanders renews call for unity with Clinton
    MONTPELIER — Millions of dollars are at stake as the Vermont Public Service Board considers a new... Full Story
    More Articles
  •  
     
    • MEDIA GALLERY 
    • VIDEOS
    • PHOTOS