Bluebonnet gives back $4.4 million to its members

Bluebonnet Electric Cooperative’s board of directors voted in April to return $4.4 million to the co-op’s members. The money will be returned in the form of capital credits, which are similar to dividends that for-profit companies pay their investors. Capital credits are paid each year and represent a portion of each member’s share of their ownership in Bluebonnet.

The amount each member receives depends on how much electricity they used in the previous years and how long they’ve been a Bluebonnet member. Current members will receive a credit on their May electric bill. Former members who are still owed a capital credit will receive a check in May or June.

“While investor-owned utilities pay dividends to their investors and city-owned utilities transfer excess revenue to the city, co-ops return money to their members,” said Rick Schmidt, Bluebonnet’s board president. “During the last six years Bluebonnet has returned $23.1 million.

“Receiving capital credits is what makes being a member and owner of a co-op special. Bluebonnet will continue to use the revenue needed to provide safe, reliable electricity and give back to our members what we don’t use.”

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About Will Holford

Have you ever wondered about the future of electric use? Perhaps you’re curious about how some global or national events might impact your power, the environment or your bill? Maybe you’re just interested in what’s going on at Bluebonnet Electric Cooperative. We want to share what we know, and that’s what the Bluebonnet Blog is about. Will Holford, Bluebonnet’s Manager of Public Affairs, is going to write most often for the blog. He’s been with the co-op since 2007, and has worked in communications for more than 14 years. Will enjoys learning about energy – and writing about it. He and other Bluebonnet employees (and occasional guest contributors) will get the conversation going -- about everything from where your power is generated to where it’s used, advances in technology, changes that will affect you, and interesting peeks behind the scenes at the co-op. We welcome your comments, questions and ideas. Email Will at will.holford@bluebonnet.coop.
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