Mountain Parks Electric refund checks mailed May 4
May 5, 2009
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.