Inland Power operates as a cooperative on a not-for-profit basis. Any revenue over expense is known as margins. We allocate margins back to current members based on how much you paid the cooperative for electricity during the year. Your allocations remain in your account until the board of trustees authorize a refund.
These funds provided by our members are an important source of financing. They help pay for equipment and system maintenance and upgrades to provide you with safe, reliable and quality service you expect. By using these funds, we can avoid borrowing from other lenders.
Over the past 12 years, Inland has returned $16 million in capital credits to our members while maintaining some of the lowest rates in the country, as well as high service levels. Being a good financial steward of our members’ money is a top priority for the cooperative.
Last year, Inland issued $1.5 million in capital credit patronage checks. There were 23,866 checks issued and some of these checks were returned to the co-op marked “address unknown.” Perhaps you or someone you know is one of these members. To find out, please see the attachment below.