Margins of $3.9 million shared with members
We are choosing to share $3.9 million with members by crediting two months of cost-of-basic service. We had year-end excess margins for a few reasons. The combination of business modifications due to the pandemic, plus a shift in member kWh purchases, as well as credits from our power supplier, Great River Energy, allows us to add a 2020 Margin Disbursement credit to bills due in January.
Rather than allocate the excess margins as capital credits, we decided to distribute the amount immediately. Many of our members are still facing some challenging days ahead. We hope this margin disbursement will make a difference to those who need it most.
Remember, as a cooperative member, you benefit from our financial success!