Holy Cross Energy sends out ‘member equity’ checks to Vail Valley customers
Vail, CO, Colorado
In mid-May, about 43,200 Holy Cross Energy customers – including Vail Valley residents – who received electric service in 2009, will be mailed their 2009 “Member Equity Allocation Notices” and their share of nearly $2.75 million in 2009 member equity distributions. Customers entitled to member equity of less than $10 will receive a credit applied to their electric bills.
As a not-for-profit electric utility, Holy Cross allocates any annual revenues that exceed expenses back to members based upon their purchases of electricity. Member equity distributions for 2009 will be distributed in part now, with the rest expected to be refunded at a future date. This distribution represents 45 percent of the 2009 allocation.
With this distribution, nearly $33 million has been returned to members since May of 2005. Recent member equity distributions include nearly $2.7 million in May of 2009 and nearly $2.8 million in December of 2009.
For more information, call Holy Cross Energy, 970-949-5892.