Dear Valued Member,
As we enter the holiday season, I find myself reflecting on the many things I'm thankful for, and among them is the privilege of both being a member of Owen Electric and serving you.
As a member, you benefit from the cooperative's success. I'm excited to share that this year, our Board of Directors has authorized a capital credit refund of $2,000,000. This refund, representing our surplus after covering operating expenses, will be distributed throughout December.
This marks the 35th consecutive year that Owen Electric has issued a general capital credit refund. Since 1990, we’ve returned over $40,000,000 to our members, with recent years seeing significant amounts.
This year’s credits reflect a portion of our 1992, 1993, and 2023 net margins. If your capital credit refund is under $75, it will appear as a credit on your December 2024 bill. For refunds of $75 or more, a check will be mailed to you this December. Please ensure your mailing address is current in our system to receive it without delay.
The ability to return capital credits to members highlights what sets cooperatives like Owen Electric apart. We're proud to reinvest in our communities by putting money back into the local economy and directly into the hands of the members we serve.
We consider our members part of our extended family. On behalf of Owen Electric, we deeply appreciate the trust you place in us. As we move forward with our mission to deliver safe, reliable, and affordable electricity in the year ahead, know that your support as a member of your local electric cooperative means the world to us.
From all of us at Owen Electric, we wish you a Merry Christmas and a Happy New Year!
Please note: Checks are valid for 90 days. Be sure to cash them promptly.
