Midwest Electric is paying more than $1 million in patronage cash back to members at the end of November! Those receiving the patronage cash back will have an electric bill credit that says, “Patronage Applied to Bill” on your electric bill; or some receive a check.
This month’s payment will go to those of you who used Midwest Electric’s service in 2003. A typical residential member from those years will receive a bill credit of about $102.
Remember, only co-ops pay back patronage capital to our members, because we are owned by YOU, the members we serve, NOT by outside investors. It's a special perk of being an electric cooperative member. (Click here to learn more about patronage cash back and how it's calculated based on our excess revenues.)
This month’s $1 million cash back is in addition to the $1 million cash back we gave this March.
Better yet, we haven’t raised electric rates since 2010! In that time, we have invested more than $18 million in electric system reliability improvements, and returned more than $13 million in patronage cash back…all without raising electric rates!
Will you please consider “re-investing” part of your patronage capital payment back into the future of your cooperative?
Please join nearly 700 Midwest Electric members and 33,000 electric cooperative members, employees and directors nationwide who are part of the political action group, Co-op Owners for Political Action®. (If you’re already a member of Co-op Owners and your bill has a line item for “Grassroots COPA” you don’t need to sign up again.)
We need your help with Co-op Owners to support members of Congress who support us in our fight for reliable and affordable electricity.
As a member-owner of Midwest Electric you have distinct advantages over customers of other types of utilities. You receive electric service at cost, and any margin the cooperative makes is allocated back to you as patronage capital. We invest those funds in new poles, wire, transformers, substations and other infrastructure in order to provide a reliable supply of cost-effective electric power. That equity is then retired - or paid back - to you as it is financially feasible to do so. In true cooperative fashion, the benefit is going back to the membership.
Help us keep electricity affordable and reliable. Co-op Owners for Political Action is our best tool to get the attention of decision makers in Ohio and Washington, D.C. Just $25 a year (only $2.08 per month) makes you part of this voice for electric cooperatives. It’s a small investment that can help keep electricity affordable and reliable.
CLICK HERE for a Q & A brochure and a sign up form. We can conveniently add your Co-op Owners contribution to your monthly electric bill. (If you’re already a member of Co-op Owners and your bill has a line item for “Grassroots COPA” you don’t need to sign up again.)
Questions? Call us at 1-800-962-3830 for more information about both Co-op Owners and your portion of this month's patronage cash back payment.