Big Bend Electric Cooperative to refund $1.98 million to users

The Board of Directors of Big Bend Electric Cooperative, Inc. recently voted to refund more than $1.98 million to the Cooperative’s consumers. Refunds are being mailed to consumers who purchased power from the Cooperative during 1995, 1996 or 2010. According to CEO, Dan Murphy, Big Bend Electric Cooperative is a non-profit consumer-owned utility.

“When more revenue is collected than what is needed to cover operating expenses, the Cooperative allocates the difference to consumers as ‘capital credits’ for return to consumers in future years,” said Murphy. “Big Bend first uses this capital to imp...