Skip to main content

Home
English Dutch French German Italian Portuguese Russian Spanish
My Account
Menu
  • About Us
    • ABOUT LPEA
      • Careers at LPEA
      • Your Co-op
      • LPEA Strategy
      • LPEA Calendar of Events
    • POLICIES & REGULATIONS
      • LPEA Policies and Bylaws
    • BOARD OF DIRECTORS
      • Board of Directors' Meetings & Resources
      • Annual Meeting
      • Meet the Board of Directors
      • Board of Directors Committees
      • LPEA Board Elections
  • Community
    • COMMUNITY PROGRAMS
      • Non-Profit Grant Programs
      • Community Sponsorships
      • "Round Up" Your Bill
      • Energy Outreach Colorado
      • Scholarships
  • Electric Services
    • BILLING
      • Pay Your Bill
      • Electric Energy Rates
      • On Bill Financing Program
      • SmartHub Registration
    • RESIDENTIAL SERVICE
      • Forms & Applications
      • AMI Meter Information
      • Time-of-Use Rate
      • Underground Utility Line Location
      • Building Near Powerlines
    • COMMERCIAL SERVICE
      • Commercial Service
    • Construction Projects
      • Construction Projects
  • Member Programs
    • MEMBER PROGRAMS
      • Capital Credits - CashBack
      • Rebates
      • Green Power
      • Area Light Rental
    • Beneficial Electrification
      • Electrify and Save
    • LOCAL RENEWABLE GENERATION
      • Member Solar
      • Qualified Solar Installers
    • ENERGY EFFICIENCY
      • Conservation Tips
      • Energy Efficiency Tools
  • Safety
    • Electric Safety Resources
    • Electric Safety Demonstration
  • News & Outage Center
    • News Center
    • Outage Center
    • LPEA Fact Checker
  • Contact Us

$4.5 million in Capital Credit refunds headed to LPEA members in July

$4.5 million in Capital Credit refunds headed to LPEA members in July

Wed, 06/15/2022 - 08:16 AM
All News

In July 2022, people who were members of LPEA in 1998, 1999, or 2021 will receive Capital Credit refunds based on the amount of electricity they used in those years. Amounts over $100 will be mailed as a check, while amounts under $100 will be applied as a bill credit.

We are a not-for-profit utility delivering electric services to its members at cost. As such, any payments made by members over what is needed to provide their electric service are placed into a Capital Credit account in each member's name. When LPEA is financially able, those Capital Credits are returned to members as part of LPEA’s CashBack program. Since its incorporation in 1939, LPEA has returned close to $90 million in Capital Credits to its members.

"This year and moving forward, we are conducting Capital Credit allocations and retirements together and earlier in the year," said LPEA CEO Jessica Matlock. "We hope this will raise awareness of this key benefit of being a co-op member. When our members pay their electric bills, they are also investing in the cooperative, and we enjoy being able to return that investment."

The decision to retire Capital Credits and the amount retired is determined by the LPEA Board of Directors on an annual basis, as financial circumstances permit. This year, the board decided to retire Capital Credits using both the "first in, first out" (FIFO) and "last in, first out" (LIFO) methods, which will return some of the remaining capital investment of LPEA's older members while also showcasing the benefits of being a co-op member to LPEA's newest members.  

Dollars become unclaimed after three years when LPEA cannot locate members deserving of the refund and are then reinvested in our community through LPEA's various grant programs.

Learn More

Related Articles

Wednesday | June 15, 2022

$4.5 million in Capital Credit refunds headed to LPEA members in July

In July 2022, people who were members of La Plata Electric Association (LPEA) in 1998, 1999, or 2021 will receive Capital Credit refunds based on the ...
more
View More
Back to Top

Customer Service

970.247.5786 or 888.839.5732

Business Hours

Durango: Mon – Thu, 7:00 a.m. – 6:00 p.m.

45 Stewart St., Durango, CO 81303

Pagosa Springs: Mon – Thu, 7:00 a.m. – 6:00 p.m.

603 S 8th St., Pagosa Springs, CO 81147

Social Media

©2022 La Plata Electric Association. A Touchstone Energy Cooperative

  • About Us
    • ABOUT LPEA
      • Careers at LPEA
      • Your Co-op
      • LPEA Strategy
      • LPEA Calendar of Events
    • POLICIES & REGULATIONS
      • LPEA Policies and Bylaws
    • BOARD OF DIRECTORS
      • Board of Directors' Meetings & Resources
      • Annual Meeting
      • Meet the Board of Directors
      • Board of Directors Committees
      • LPEA Board Elections
  • Community
    • COMMUNITY PROGRAMS
      • Non-Profit Grant Programs
      • Community Sponsorships
      • "Round Up" Your Bill
      • Energy Outreach Colorado
      • Scholarships
  • Electric Services
    • BILLING
      • Pay Your Bill
      • Electric Energy Rates
      • On Bill Financing Program
      • SmartHub Registration
    • RESIDENTIAL SERVICE
      • Forms & Applications
      • AMI Meter Information
      • Time-of-Use Rate
      • Underground Utility Line Location
      • Building Near Powerlines
    • COMMERCIAL SERVICE
      • Commercial Service
    • Construction Projects
      • Construction Projects
  • Member Programs
    • MEMBER PROGRAMS
      • Capital Credits - CashBack
      • Rebates
      • Green Power
      • Area Light Rental
    • Beneficial Electrification
      • Electrify and Save
    • LOCAL RENEWABLE GENERATION
      • Member Solar
      • Qualified Solar Installers
    • ENERGY EFFICIENCY
      • Conservation Tips
      • Energy Efficiency Tools
  • Safety
    • Electric Safety Resources
    • Electric Safety Demonstration
  • News & Outage Center
    • News Center
    • Outage Center
    • LPEA Fact Checker
  • Contact Us