Umatilla Electric Cooperative members who purchased power in 2010, 2015 and 2016 will receive a refund in December as part of the utility’s Capital Credits program.
At its November meeting, UEC’s Board of Directors approved $8 million to be refunded to UEC’s members, which represents a portion of the cooperative’s 2010, 2015 and 2016 margins.
As a not-for-profit, member-owned company, UEC operates at cost, with net operating revenues (known as margins) returned to members in the form of Capital Credits refunds. Refunds to members are based on the amount of electricity they purchased during the specified years.
If you no longer receive electric service from UEC, keep UEC informed of changes in your mailing address so any future refunds will reach you. For more information, call (541) 567-6414 or 1-800-452-2273.
For more about the Capital Credits program, visit the Capital Credits page.
