Co-op to refund $1.63 million

The Board of Directors of Big Bend Electric Cooperative, Inc. recently voted to refund over $1.63 million to the Cooperative’s consumers. Refunds are being mailed to consumers who purchased power from the Cooperative during 1996 or 2011.

According to the Cooperative’s Manager, 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 cap...