GREENWOOD — Delaware Electric Cooperative’s (DEC) board of directors has voted to return more than $10 million in capital credits to the Cooperative’s member-owners in November.
This year, the Co-op can give back to the people and places they power a month ahead of the usual December return date.
Capital credit refunds are also known as the Co-op’s profits, or margins. Because DEC is a not-for-profit utility, margins are returned to those the Cooperative serves.
To receive a billing credit from DEC, individuals must have been a Delaware Electric Cooperative member in 2012 and 2013. All eligible active members will receive a credit on their November bill. Members who had an active account in 2012 and 2013, but are no longer served by DEC, will receive a check for their portion of the retired capital credits.
Dwayne Street, chief operating officer of DEC, said, “We are all aware of how hectic — and at times stressful — this time of year can be, especially as people begin their holiday shopping. With an earlier return of capital credits in November, members can hopefully worry a little less about finances and focus more on what matters most: spending time with their family and friends.”