DEC Announces November Billing Credits

DEC has a Thanksgiving surprise for members who were powered by the Co-op in 2012 and 2013 — we are returning capital credits a month early! This November, DEC will be returning $10 million in capital credits to those who were members of the Co-op in 2012 and 2013. Active members will receive billing credits. Those who were powered by DEC in 2012 and 2013, 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 back to the people and places we power a month ahead of our usual return date in December. It is Chief Operating Officer Dwayne Street's hope that this early return will provide members with a little extra money around the holidays. "We are all aware of how hectic — and at times stressful — this time of year can be, especially as people begin their holiday shopping," Street says. "With an earlier return of capital credits in November, members can hopefully worry a little less about finances and focus more on what matters most: spending time with their family and friends." Over the past ten years, we’ve returned $85 million to members. The return of capital credits to members represents a return on their investment in the local grid, one that helps DEC continue to provide the most reliable and affordable power in the region. This month and every month, the Co-op is thankful for our unique business model which enables us to give back capital credits to our members!