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MVEA Services |
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Limon Office Falcon Office Office Hours: |
Capital CreditsAs a member of MVEA, you share in any margins, defined as money left over after expenses. Your share, called capital credits, is based on your energy usage costs during the year. Margins of a cooperative provide an economical and immediate source of capital to rebuild and upgrade older lines and equipment, as well as to restore the distribution system following a severe storm or other emergency. If margins are not required to ensure the viability of the cooperative, the capital credits are refunded to you, the member. Typically, capital credits are refunded approximately fifteen years after they are accrued. Because of this cycle, it is essential that you keep MVEA informed of your mailing address if you leave the system. Capital Credits may also be paid by authorization of the Board of Directors to heirs of deceased members. |