Like Lower Valley Energy in Jackson Hole, Fall River Electric Cooperative in eastern Idaho has also mailed cashback checks to more than 6,200 of its owner-members totaling just over $1-million dollars as part of its patronage capital program. Because Fall River Electric operates as a nonprofit cooperative, it is in fact owned by the customers it serves which the co-op refers to as owner-members. When revenues collected by the co-op exceed operating costs, those extra revenues become patronage capital, which is then disbursed to its owner-members on an approximate twenty-year cycle. These cash back payments will be especially beneficial to members who have been impacted by this year’s pandemic and can be likened to an infusion of capital into our area’s economy just in advance of the holidays. The amount of cash back that a member receives is based on how much electricity they purchased during the years being retired. This year, members are receiving patronage capital earned in 1999 and a portion of 2000.
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