DEC Announces Member Billing Credits!

For DEC members who had accounts with the Co-op in 2011, the holiday season just got a whole lot happier! This December, DEC will be returning $5.7 million in capital credits to those who were powered by the Co-op in 2011. Current members will receive billing credits. Those who were powered by DEC in 2011, but are no longer members, will receive a check in the mail. Delaware Electric Cooperative is a not-for-profit electric utility, which means any margins, 
or profits are returned to members. This year, we are proud to be able to give so much back to the people and places we power. According to President and CEO Rob Book, the return of capital credits is part of what makes the cooperative business model special, and is one of the many ways the DEC employee family keeps the spirit of giving in the forefront of their minds all year long. “All the work we do at DEC is for the benefit of our members,” Book says. “From the day-to-day maintenance of our lines to using new technologies to improve reliability, to returning money to members at the end of the year; none of it would be possible without the support of our membership. The return of capital credits is a return on their investment in the Co-op — it shows that we were able to make good on our promise to provide the most reliable, sustainable and affordable power we could.” Over the past ten years, we’ve returned $65 million to members. When capital credits are returned to members, you are seeing the return on your investment!