Holy Cross equity in the mail | VailDaily.com

Holy Cross equity in the mail

Daily Staff Report

In early December, thousands of Holy Cross Energy consumers will be mailed their share of $3.8 million in 1994 member equity distributions. Of those receiving checks, residential members will receive between $35 and $70 and commercial members will get between $140 and $280. Active members entitled to amounts less than $10 will receive a credit on their electric account instead of a check.As a non-profit electric utility, Holy Cross allocates any annual revenues that exceed expenses back to its members in the form of member equity. This December distribution is the first half of 1994’s allocation.”Holy Cross Energy’s board of directors is committed to the return of member provided capital. With this $3.8 million member equity distribution, over $33.3 million has been returned to members in the last five years,” said Holy Cross board President Tom TurnbullMembers who had service in 1994 but have not gotten a member equity check by Jan. 15 are asked to contact their nearest Holy Cross Energy office.Vail Colorado

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