Allocation Notices are in the Mail

McDonough Power operates as a not-for-profit business, owned by the member-consumers we serve. When you pay your bill each month, you are accumulating equity in your cooperative through capital credits allocation. Margins in excess of the cost to serve members are utilized as operating capital. When the cooperative realizes a positive margin (excess of income over expenses), the margins are allocated through a capital credits system according to each member’s usage. You will receive an allocation notice each year that you have service with us. At the May board meeting director’s voted to allocate margins of $894,509.86 for 2015. Notices regarding the members share of those margins will be arriving in the mail. It is important to note that when an allocation takes place, it does not represent money that is currently available for a member to have; that occurs when the board approves a retirement of funds. For more details regarding capital credits, click here.