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Minn. electric co-op to distribute $3.6M capital credit refund

The Wright-Hennepin Cooperative Electric Association on Dec. 4 announced a $3.6 million capital credit refund to members who purchased power in 1993, 1994 and 2016.

Members will receive a bill credit if their refund is between $1 and $5. Members with a refund greater than $5 will receive it in a check, according to a Dec. 4 release.

The cooperative distributes refunds to members for their energy use during the years being retired, representing their member share in the cooperative. Before returning margins back to members, Wright-Hennepin uses capital to offset maintenance and construction costs of the electric distribution system.