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Board of Directors
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Morgan County REA
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Because the co-op did not experience any margins in 1990, there are no MCREA capital credits allocated or retired for that year. Therefore, all members who received power from MCREA during 1989 or 1991 will receive capital credit checks. Morgan County REA is a cooperative business, owned by its members. Cooperative businesses differ from investor owned utilities because they operate to serve the needs of the members, not to increase the profits of stockholders. When the cooperative experiences greater income than expense, the margins (profits) are returned to the members in the form of capital credits. Investor owned utilities, on the other hand, return their profits to stockholders, who may or may not be customers of the company. Each year, Morgan County REA’s
accounting department determines if Every year,Morgan County REA identifies the portion of capital credit funds that came from each electric consumer based on the amount of electricity that he or she bought that year. This process is called capital credit allocation. The amount of capital credit funds
allocated in each member’s name is kept
on record. Each year, Morgan County
REA informs its members of the capital
credit funds allocated in their names for
the previous year. The co-op also informs
members of the total capital credit funds Morgan County REA would like to notify all who were co-op members in 1989 or 1991 that they should have received capital credit checks in the mail December. If you were an MCREA member in those years and did not receive a check, please call the office at 970-867- 5688. |
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