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Wednesday, July 8, 2020
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San Isabel Electric Says The Check is in the Mail
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17,619 checks will be mailed out to San Isabel Electric members on Thursday, September 6, returning $1,006,000 in capital credits to the membership. Checks range from $10 to hundreds of dollars for residents, school districts, businesses, with a few larger businesses and governments receiving several thousand dollars.

Some people who buy electricity from San Isabel Electric may not realize that they are member-owners of San Isabel Electric, not utility customers. Being a member-owner comes with some great perks, like capital credits.

“Capital credits are the major difference between electric cooperatives and other forms of electric utilities.  All margins generated through operations are returned to only those served by the cooperative. San Isabel Electric is owned by those we serve and governed by a board of directors that has the members’ best interest in mind because they are members too,” San Isabel Electric General Manager Reg Rudolph said.

San Isabel Electric members have had more than a decade of rate stability, with only one rate change since 2014 because of efficient operating practices.

Most utilities pocket margins as profit when revenues are more than expenses. Electric cooperatives set aside that money for members as capital credit, based on the amount of energy each member purchases. When it’s financially safe to do so, the co-op retires, or returns the money to members. Members receive their share as a check right in their mailbox.

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The Greenhorn Valley View is a weekly newspaper serving the communities of the Greenhorn Valley in Southern Colorado,
including Colorado City, Rye, San Isabel, Beulah and Hatchet Ranch.

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