Cooperative News * Questline eNewsletter offered to members..more * Rising Electric Cost Q&A ..more * CFL Bulb Rebate Program continued and limit increased .. more * Holiday LED Lighting Rebate - extended into 2010 .. more * Demystifying Space Heating Claims .. more
2009 Margins Allocated The Board authorized the allocation of the 2009 operating margins of $523,246.74 to the members. Our margins are allocated as capital credits to members. The allocation of capital credits is one of the ways a Cooperative differentiates itself from the for profit businesses. In the for profit world the margins are given back to the stockholders, not necessarily the people patronizing the business. Total margins for Chippewa Valley Electric for 2009 were $612,032.35, the remaining $88,785.61 is non-operating margins such as interest and dividends. The Board has elected to retain those margins to offset needs for additional borrowing. The allocated Capital Credits are held by the Cooperative for a number of years to provide the working capital needed to run the business. Currently Chippewa Valley is retiring the Capital Credits on approximately a twenty-one year cycle. For those that are currently receiving a bill, the allocation notice will be part of your June bill. For inactive members, the allocation notice is a separate mailing. Should you have any questions on the allocation notice see the Capital Credits page or feel free to contact our office at (715) 239-6800 or email us at cvec@cvecoop.com.
Member Appreciation Picnic Held July 2nd The 22nd Member Appreciation picnic was held Friday July 2nd. Attendance was great again this year. We estimate that nearly 1,000 members and guests attended the event. We, employees and Board of Chippewa Valley want to thank all the members that attended and hope those that were not able to attend this year will be able to make future picnics. The picnic is one of the ways we thank you for your support and patronage. See more picnic pictures
Chippewa Valley Electric Cooperative | P.O. Box 575 | Cornell, WI 54732 Phone (715) 239-6800 | (800) 300-6800 | Fax (715) 239-6160 Office Hours: Monday through Friday (7:30 AM - 4:00 PM) Send any webpage comments or CONTACT us at cvec@cvecoop.com