BLUEBONNET’S MEMBERS TO RECEIVE $4.7 MILLION IN CAPITAL CREDITS BEGINNING IN MAY

  

Bluebonnet Electric Cooperative’s Board of Directors has voted to return $4.7 million in capital credits to its member-owners.

Beginning in May, Bluebonnet’s members will receive a credit on their electric bill for their share of $4.7 million in capital credits, a $500,000 increase over last year.

Capital credits are excess revenue above what it takes to run the co-op.  Every April, Bluebonnet’s Board of Directors approves the capital credits payment during its meeting.

The amount each member gets back depends on how much electricity they used in previous years through 2020 and how long they have been a Bluebonnet member.

Current members will see a credit on their May electric bill for their share of this year’s capital credits retirement. Former members who are still owed a capital credit will receive a check in May or June.