La Plata Electric Association (LPEA) is seeking members, or former members, who are due to receive Capital Credits refund monies. Capital Credits are LPEA’s margins or revenues remaining after all expenses have been paid. As LPEA is a not-for-profit utility delivering service to our members at cost, any payments made by members in excess of the cost to provide their electric service is placed into a patronage capital account in each member’s name. When the cooperative is able, Capital Credits are returned to members. The dollars become “unclaimed” after three years, when LPEA cannot locate members deserving of the refund. The board has determined that these unclaimed funds should be invested in the community and thus established the Educational/Special Project Grants program.
The names listed herein are of persons or businesses whose capital credit money has gone unclaimed because of an invalid address or whose capital credit checks have gone uncashed. La Plata Electric Association Inc. would like to refund this money. If you know someone on this list, please have them contact our office (970) 247-5786. Identification will be required in order to claim money. Monies not claimed as outlined in the Bylaws of La Plata Electric Association Inc. shall be extinguished and forever barred. Unclaimed monies will be used for purposes as set forth in the Bylaws. This list has also appeared in local newspapers throughout LPEA’s service area.