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Capital credits represent your share of the ownership or equity in Dakota Valley Electric. Your board of directors reviews our financial position each year and determines the amount, if any, of capital credits from previous allocations that can be  retired or paid. Equity is used to help meet the operating expenses of the co-op, such as paying for new equipment to … If you would like to claim a Capital Credit, please call us at 746-4461 or 800-732-4373. Dakota Electric at a Glance; Board of Directors and Leadership; Capital Credits; Service Area Map; Safety. The remaining amount of Slope Capital Credits, and the total of G & T capital credits shall be paid and shall be computed based on the discounted value of the capital credits to be retired in future years. 4300 220th Street West Capital Credits Explained; Payment Information. One of the benefits of being a member of Dakota Electric means you get a portion of the cooperative’s margins. Air-source heat pumps do not have to be a part of an off-peak heating system to be eligible for this rebate. You can ask about the value of your capital credit account or determine what documents are required for an estate cash-out by contacting Dakota Electric at 651-463-6218, 651-463-6212 or 800-874-3409 or through email. Nov 24th 2020 - 12pm. Dakota Valley Electric Cooperative is one of 16 distribution cooperatives in North Dakota. Margins represent the difference between total revenue received and operating expenses for each year. This is called an allocation. Flathead Electric would like to locate former members who have unclaimed capital credits on file. It serves some 6,000 members on almost 4,700 miles of line in an area that stretches from the Minnesota border nearly to Ashley, and from the South Dakota border to Jamestown. Lacreek Electric Association, Inc. 121 N. Harold Street. When Dakota Electric’s annual revenue exceeds expenditures, it allocates capital credits to members based on their annual electric bill. Credits and Rebates. Before we pay out capital credits in cash, we reinvest the money into the cooperative to ensure you continue receiving reliable electric service at a reasonable rate. Would you like to pay your electric bill at any time of day or night; on weekends rather than during the week? We account for how much you pay for electricity throughout the year. The capital credit allocation amount listed on your August or September bill represents your share of Dakota Electric’s margins for the previous year. Dakota Electric upgrading meters for improved service, Miesville Fire Chief Latuff named Dakota Spirit of Excellence Award winner, Dakota Electric donates to local school projects, Rowan Wins Dakota Electric’s Township Leader Award. During the cooperative’s 2019 strategic planning review, the board of directors decided to accelerate the capital credits … Cass County Electric Cooperative is returning $2 million in capital credits to its consumer-members FARGO, N.D. — Cass County Electric Cooperative is excited to announce that it will be returning $2 million in capital credits to its consumer-members who paid for electricity for the years of 1996-1998. If you find your name, fill out the form at the bottom of this page to receive your capital credits. One thing that sets Lake Region Electric Association apart from other Electric companies is that we are a member-owned, not-for-profit electric cooperative. We maintain 2,500 miles of line and serve 5,200 metered accounts in three counties, including the towns of Fairfax, Bonesteel, Herrick, Gregory, Dallas, Colome, Witten and Hamill. Your electric cooperative is making every effort to return unclaimed capital credit funds to members and former members that no longer have current addresses on file with HEA. Dakota Electric Association provided the Hastings school district a generous donation from the unclaimed Dakota Electric’s capital credits fund. To reach this goal, we will return approximately $22 million of capital credits over the next five years, or an estimated $4.4 million per year. Place the envelope back in the mail so that it will be returned to us. Currently, our capital credit program is on a 25-year rotation, retiring the oldest credits first. Members who purchased electricity in 1993-95, and who are receiving $5 or more in capital credits, will be mailed a check this month. For these members, capital credits merely reduce the cost of electric service purchased for personal, living or family use. Martin, SD 57551-0220. Powerline Safety; Call Before You Dig (#811) Safety Education Presentations; Renewable Energy. All members who deduct all or a portion of their electric bill as a business expense are required to report the cash received in capital credit retirments on their tax return as income. We maintain 2,500 miles of line and serve 5,200 metered accounts in three counties, including the towns of Fairfax, Bonesteel, Herrick, Gregory, Dallas, Colome, Witten and Hamill. There are a variety of income tax exemptions and credits that make North Dakota a great choice. Dakota Electric Association The first $4,000 of the Slope Electric Cooperative Capital Credits will be paid out at no discount. Capital Credits are an allocation of funds that represents your share of the ownership in the Cooperative. Throughout the year, we track how much electricity you buy and how much money you pay for it. This strategy minimizes the amount of additional funds we borrow. KEM Electric Cooperative, Inc., with headquarters in Linton, North Dakota, is a distribution cooperative that provides affordable, reliable electrical energy to consumers in the rural areas of four south central counties in North Dakota. Capital Credits Allocation. The amount you are allocated becomes your equity in … If Dakota Energy could not use the members’ equity or “capital credits” to fund construction, we would have to borrow the funds. The amount ($4,000) shall be subtracted from the oldest capital credits owed. While not presently payable, members will receive these allocated capital credits in the future. During the cooperative’s 2019 strategic planning review, the board of directors decided to accelerate the capital credits pay-back program. Looked at that way, you do get a lot of value in exchange for allowing the cooperative to use your share of the margins. For more information about capital credits, email. Allocated capital credits appear as an entry on the permanent financial records of the association and reflect your equity or ownership in Dakota Valley Electric Cooperative. Capital Credit Forms (Adobe Reader required) Capital Credits Request Form. Your electric bill is due now, but you may not be entitled to receive your capital credits for many years. When Dakota Electric’s annual revenue exceeds expenses, it returns the margins — or capital credits — to members based on their annual electric bill. Dakota Electric will attempt to locate the payee. However, we desire to get the money due to those who earned it, and clear up our records. As you purchase electricity from the cooperative, you build equity in it. Visit online at www.treasurer.sc.gov. Capital credits are reinvested to reduce borrowing and interest payments, keeping rates as low as possible. Touchstone Energy® Cooperatives is a national network of electric cooperatives across 46 states that provides resources and leverages partnerships to help member cooperatives and their employees better engage and serve their members. Payments will be discounted at a rate approved by the board of directors. If you receive a capital credit check for a former member that no longer resides at the address, please take the following steps: Members who meet the following criteria may be eligible to receive early payout of their capital credits at a discounted rate. The first $4,000 of the Slope Electric Cooperative Capital Credits will be paid out at no discount. DSO Electric Cooperative Inc. | 201 Dakota Drive | Solomon, KS 67480 | 1-800-376-3533 If you find any unclaimed capital credits in your name, please print out the unclaimed capital credits form and mail it in or bring the form to your local FTC Business Office. Capital Electric serves more than 17,600 member-owners, providing electrical service to more than 21,200 meters. Unclaimed Homer Electric Association, Inc. (HEA) Capital Credits. Capital Electric Cooperative serves our community and member-owners as their trusted energy provider and partner. Rosebud Electric Cooperative is the tenth largest REC in the state of South Dakota. Capital credits can also be called member equity. Capital Credits Refunded Early. Capital Credits at SRT As a member of the SRT Cooperative, you are the recipient of patronage capital credits on your SRT account. Capital credits are reinvested to reduce borrowing and interest payments, keeping rates as low as possible. Capital credits are paid back to our members according to a capital credit retirement rotation plan and as the financial condition of the cooperative permits. When our financial condition permits, your board of directors decides to retire, or pay, the capital credits. Dakota Electric Association provided the school districts of Burnsville-Eagan-Savage and Hastings with this year’s donations from the unclaimed capital credits fund. Your board of directors reviews our financial position each year and determines what amount of capital credits from previous allocations can be paid to members in cash. Seed Capital Investment Credit . We own more than 2,700 miles of distribution line to serve our consumers. The read­ing must be returned to the office prior to the last working day of the month for the credit to be included on the member's next bill. Payments will be limited to a maximum of $5,000 per residential account per year. One thing that sets Lake Region Electric Association apart from other Electric companies is that we are a member-owned, not-for-profit electric cooperative. To see if you would like to claim a capital credit allocation Statement that arrives in mail! 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