MEC returns $1.3 million in capital credits to members
BULLHEAD CITY – Mohave Electric Cooperative’s board of directors has authorized a capital credits return of $1.3 million to members. MEC members who had electric service in 1988 or 2019 will receive their share as a check, or as a bill credit on active service accounts for amounts less than $10.00. “One of the benefits of being a member of Mohave Electric Cooperative is that members share in any margins earned,” said Ardie Lauxman, chief financial officer of MEC. “If MEC has a positive margin and meets our lender’s requirements, the board of directors may vote, once a year, to…
