The Trinity Valley Electric Cooperative Board of Directors has approved the retirement of $5,067,848 in member capital credits.
This will include all outstanding capital credits from 1991, along with two percent of capital credits allocated to members from 1992-2018.
Current members will receive a credit on the bills mailed in December.
Former members, please contact TVEC Member Services to update your address or confirm that we have the correct address.
Since 2008 TVEC has returned almost $40 million to members, one of the benefits of being in a co-op.
What are capital credits?
TVEC is a non-profit electric cooperative. That means each year, if there is revenue in excess of the co-op’s expenses, the money is allocated to member accounts as patronage capital, based on the amount of electricity purchased.
Members who joined TVEC in 2019 have not yet accrued any patronage capital and therefore will not receive a refund.
How much money will I get back?
The amount varies depending on how long you have been a member and how much patronage capital has accrued to your account during those years. For 2019, the disbursement includes all remaining capital credits from 1991, so members who were here in 1991 will likely have higher credit amounts than those who joined more recently.
