Umatilla Electric Cooperative members who purchased power in 2010, 2015 and 2016 will receive a refund in December as part of the utilities Capital Credits program.
At its November meeting, UEC’s Board of Directors approved $8 million to be refunded to UEC’s members, which represents a portion of the cooperative’s 2010, 2015 and 2016 margins.
The Cooperative’s efforts to maximize efficiencies and control costs make such refunds possible. As a not-for-profit, member-owned company, UEC operates at cost, with net operating revenues (known as margins) returned to members in the form of Capital Credits refunds. Our business model allows us to focus on providing reliable service and affordable rates to members, not on making profits. Refunds to members are based on the amount of electricity they purchased during the specified years.
If you no longer receive electric service from UEC, please keep us informed of changes in your mailing address so any future refunds will reach you. If you have questions regarding your refund, please call us at (541) 567-6414 or 1-800-452-2273.
For more about the Capital Credits program, visit our Capital Credits page.