Delaware Electric Co-op customers getting refunds
November 13, 2012By Mark Eichmann
Some of the Cooperative's 84,000 customers will get a share of $3.4 million being returned.
The Delaware Electric Cooperative's board of directors approved the refund to customers. Because the DEC is a non-profit utility, profits or margins are returned to the Co-op's members. The latest refund comes from Capital Credits from 1993 and 1994. That means only those members who were with the Co-op in those years will be eligible.
Those who are eligible for a credit of $100 or more will receive a check. Those eligible for less than $100 will get a credit on their bill. Previous members who were customers in '93 or '94 will also get a check for their portion.
"This is what sets us apart from other utilities," says DEC president and CEO Bill Andrew. "If there is left over money, we give it back to members. We return the money to members around the holidays because that's when people need it the most."
Over the past six years $12 million has been returned to members. Co-op customers who have questions about the refund should call the DEC at 855-DEC-9090.