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$3.5 Million in Capital Credits Returned to Members

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A capital credit refund of $3.5 million was proportionately returned to members using the Cooperative’s service based on the following: 1977 operating margins (28.91%); 2009 operating margins (8.68%); 1996-2002 Golden Spread G&T Capital Credits (100%); 2003 Golden Spread G&T Capital Credits (11.0425%). The Cooperative has returned a grand total of more than $24.6 million to local members in our local communities—not to distant stockholders!

South Plains Electric Cooperative has returned capital credits (margins) to members for more than 70 years—it’s nothing new. The Cooperative has returned a grand total of more than $24.6 million to local members in our local communities—not to distant stockholders!

Unlike other electric utilities, the Cooperative exists to make sure your needs are always met, not to make a profit. The Cooperative works hard every day to keep your rates as low as possible. But it’s sure nice to know that when there are margins (capital credits), they go back to you. That’s good value for your money!

Checks were mailed to more than 27,000 members receiving $10 or more.

If your capital credits refund is less than $10, you will receive your refund as a credit on your September bill.

If you have any questions, please contact Penny Nelson at 806.775.7831 or Jessalynn Alejandro at 806.775.7828.