Vermont Electric Co-op returning $850K to members
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 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.
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