Trico Retires $4.25 Million in Capital Credits
December 8, 2022
Trico is a non-profit, electric cooperative, and one of the ways we serve our Members is returning Capital Credits. This year the Board of Directors approved the retirement of $4.25 million in Capital Credits. We are proud that this is Trico’s 13th straight year retiring Capital Credits.
What are Capital Credits? When Trico’s revenues exceed its cost of operations, a profit (margin) is created. Trico allocates its profits to its Members in the form of Capital Credits. Annually, when the Cooperative’s financial condition permits, Trico pays, or retires, a portion of the allocated Capital Credits.
This month, Trico will retire Capital Credits totaling $4.25 million, consisting of $4.1 million from Trico and $150,000 from the Arizona Electric Power Cooperative. Members will see their Capital Credit Retirement on their December bill. Active accounts will see a Capital Credit Retirement posted as a credit on their bill. Inactive accounts will receive a check for a refund over $10. If a Member moves or no longer has service, Trico must have their current address to send capital credit notices and retirements in the future.
We work hard to provide service in a cost-effective manner so we can return Capital Credits to our Members. Since 2010, Trico has returned more than $32 MILLION to its Members. That’s money that stays in our local communities.
The bottom line, Capital Credits are just one of the many benefits of being a Member of Trico! We hope this brightens your holidays.
Learn more about capital credits at www.trico.coop/capital-credits. If you have additional questions about your Capital Credits, contact us at 520-744-2944, ext. 1510, or by email at firstname.lastname@example.org.