Mountain Parks Electric refund checks mailed May 4 | SkyHiNews.com

Mountain Parks Electric refund checks mailed May 4

The Board of Directors of Mountain Parks Electric, Inc. (MPEI) approved patronage capital refunds in the amount of $699,489.33.

MPEI refunded 100 percent of each member’s 1988 allocated operating margins and 2 percent of 1989 through 2007 margins. Using these percentages, more customer/owners will share in the benefits of their ownership of the cooperative on a more current basis. No refunds will be issued below $10. Amounts under $10 will be carried forward and will be refunded when the total is more than $10. Refund checks over $10 were mailed on May 4, 2009.

Patronage capital refunds, unclaimed after three years, are deposited in the third year to the Educational Trust Fund.

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