Bluebonnet Electric Cooperative’s Board of Directors unanimously voted during its April meeting to return $5.69 million in capital credits to member- owners of the cooperative, an increase of nearly $500,000 over last year. Beginning in May, Bluebonnet’s members will receive a credit on their electric bill for their share of $5.69 million in capital credits.
“Approving the return of capital credits each year is the most enjoyable and meaningful vote our Directors cast on behalf of our members,” said Ben Flencher, board president. “Historic growth in Bluebonnet’s service area and sound fiscal management has enabled Bluebonnet to return record amounts to our members. The credit our members will see on their bills in May is one of the many benefits of being a member-owner of Bluebonnet.”
Capital credits are revenue above what it takes to operate the co-op. Every April, Bluebonnet’s Directors approve the capital credits payment. When determining how much to return to members, the Directors consider the impact that the amount returned to members will have on electric rates and the co-op’s financial strength.
