Just in time for Christmas, Lower Valley Energy will be putting a little jingle into the pockets of its member-consumers. This year the Lower Valley Energy Board of Directors approved returning over $4.8 million in patronage capital to be returned to its members.
Last year Lower Valley Energy returned over $3.1 million. As members pay their bills, they build equity in their energy cooperative. The amount of equity they earn is determined by the net margins – the amount of revenue collected in excess of expenses for that year.
Meanwhile, Fall River Electric Cooperative has mailed cash back checks to more than 8,000 of its owner-members totaling nearly $1¼- million dollars as part of its patronage capital program.
Fall River Electric provides over 18-thousand connections to more than 14-thousand owner-members in portions of three states including Idaho, southwest Montana, and western Wyoming.