If you were a member of St. Croix Electric Cooperative in 1992, 1993 and/or 1994, you can most likely expect a larger credit than years past when you open your next bill after Oct. 15: Dairyland Power Cooperative, our wholesale power provider, retired patronage capital for those years in a total amount of $418,653.19 to SCEC.
In response to Dairyland’s members’ needs during the current pandemic, this year’s capital credit retirement payment was increased (from 2%) to 5% of net patronage.
SCEC itself is a member of DPC, and the co-op board – per SCEC BD POL 501 – has chosen to credit DPC retirements on a dollar-for-dollar basis directly to ITS members – that is YOU! This is not a requirement, and not all co-ops choose to pass on these funds in the form of capital credits. 
At its Sept. 8 meeting the SCEC Board of Directors also voted to retire a total of $873,497 in SCEC patronage capital, retiring 100% of allocations from 2000 and a portion from 2017. 
In its decision, the board achieved its goal (as set forth in SCEC BD POL 501) to refund 6% of the prior year’s cumulative ending balance of SCEC allocated patronage capital.