matters MEMBERSHIP
May 2015
Capital credits refunds coming in May! Money is coming back to members this May thanks to a $4.6 million capital credits retirement approved by your Board of Directors!
revenues remaining after all expenses have been paid each year are considered “margins” that are returned to the members after being used Checks begin mailing on May 6 so for a period of years as capital to help finance major reliability projects. This be sure to check your mailbox! Those helps offset the need to borrow funds, qualifying for a $35 refund or more will be mailed a check separate from which helps keep your electricity rates their electric bill. Those qualifying for lower. It also helps maintain a healthy balance between debt Members qualifying for a refund of and equity to ensure cooperative’s $35 or more will receive a check in your financial health and early May. Those qualifying for less will stability.
receive a credit on their electric bill received in May. less will see it as a credit on the electric bill received in May. Those too new to the cooperative to qualify for a refund will build their account over time for future refunds. As a cooperative, Blue Ridge Electric doesn’t earn profits. Instead, any
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While each member’s capital credits refund is based on the amount of electricity purchased, the same percentage is used for each member.
(ownership) in the cooperative. This balance is communicated to members annually on a different billing statement. Each year, your Board evaluates the return of a percentage of capital credits to members based on the cooperative’s financial condition. Over the history of Blue Ridge Electric, more than $46 million has been returned to members.
Please note that before capital credits are retired and returned to members, they are first recorded as allocations. This is your accumulated capital credits balance and reflects your equity
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