May Message from the Manager
You've got mail
This month, members will receive two important items in the mail from Burke-Divide Electric Cooperative—a capital credit allocation statement and an annual report.
Capital credit allocation statements for 2020 will be mailed to all members who received electric service from the cooperative in 2020.
The allocation statement shows your capital credit allocation for 2020, the balance of your unretired capital credits from previous years, and the current total balance of your capital credit account.
As a not for profit electric cooperative, BDEC allocates the annual operating margins, or profits, to members purchasing electric service from the cooperative. Money allocated back to you and other members is called capital credits.
The allocation becomes your equity in the cooperative and is maintained in a separate account assigned to you. When the co-op’s financial condition permits, capital credits are retired, or paid back, to members.
The amount of capital credits allocated to you in a given year is based upon the amount of capital you contribute to the co-op through payment of your monthly electric bills. The more kilowatt hours of electricity you buy, the greater the amount credited to your capital credit account.
The cooperative’s 2020 Annual Report and Annual Meeting notice will also be mailed to all members. We encourage you to review the report and bring any questions or comments you may have about the information contained in the report to the Annual Meeting on Wednesday, June 9, at the cooperative’s headquarters in Columbus.
As always, please contact us with any questions you have regarding your allocation statement, the annual report, or your co-op in general.
We hope everyone is staying healthy and look forward to seeing you in Columbus on June 9!
Until next time,