• Average credit/refund for residential accounts is nearly $70
• Refund to be issued in October and November
(September 16, 2020 – Granby, Colo.) In October and November, Mountain Parks Electric (MPE) will refund $1.65 million to its consumer-members. As a not-for-profit utility, a cooperative, MPE allocates margins (called capital credits) each year to consumers proportionate to their electric consumption. However, since MPE is debt financed, the money is refunded on a 20-plus-year retirement cycle. As such, the $1.65 million will be returned to those who purchased electricity from MPE in 1993 and 1998. The average refund for active residential accounts is $68.02. Since its inception in 1946, MPE has returned more than $15 million in capital credits to its consumers.
“At Mountain Parks Electric, it pays to be an owner,” said MPE General Manager Mark Johnston. “The return of capital credits is just one benefit of being a consumer-member (owner) of an electric cooperative.”
Capital credit recipients will either receive an account credit (if their refund is between $5 and $50) or a check in the mail (if their refund is $50 or more).