• 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
    BARRE — Armed with what appears to be one workable bid, City Manager Steve Mackenzie said Friday ... Full Story
    BARRE — In the grand scheme of things it wasn’t big money, but for the 19 recipients — ranging... Full Story
    Fed grants ‘let the work begin’
    MONTPELIER— A pending deal between the state and federal governments will give a big boost to... Full Story
    More Articles
  •  
     
    • MEDIA GALLERY 
    • VIDEOS
    • PHOTOS