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Capital Credits

Because MWEC is a cooperative, the revenue generated in excess of expenses each year is allocated to its member in the form of patronage.  The amount each member is allocated is based on the net margin (revenue less expenses) of the cooperative, and the amount of total electricity purchased by each member.  This allocation takes place once a year.  Each member is sent a capital credit statement showing the current capital credit balance and a total of all the years combined.  This statement shows your equity in MWEC.

Every year the MWEC Board of Directors reviews the overall financial condition of the Cooperative and determines its financial requirements.  There are times when the Cooperative has a greater amount of funds built up in reserve than it feels will be necessary.  In this case, the Board of Directors may authorize a "retirement" of capital credits in the form of cash payments to the member.

Remember...

  • Capital credits are not a debt owed to you by the Cooperative.  They represent your net equity in the company.
  • Capital credits are used by the Cooperative to improve your service and build the system. Without capital credits, MWEC would have to borrow funds, thus increasing costs ultimately, your rates.
  • As a member of this cooperative, you enjoy the unique privilege of actually owning the company providing your electric service.

For more information, please contact us.

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Contact Info

Mountrail - Williams Electric Cooperative

P.O. Box 1346

218 58th St W

Williston, ND 58802

 

Phone
800-279-2667

 

Fax
701-577-3777

Mission

Mountrail-Williams is a member-owned cooperative that exists to meet the changing needs of its membership, to provide them with personal, excellent service and to keep them fully informed about their cooperative. Our mission includes playing a leadership role in the community and contributing to improving the quality of life in our service area. We seek to accomplish these purposes by providing professional and personal development opportunities for employees and directors. Further, we seek to meet our responsibilities through prudent management and with rates that are fair and equitable.

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©2022 Mountrail-Williams Electric Cooperative. All Rights Reserved.

  • Home
  • Services
    • Start, Stop or Transfer Service
    • Rates & Programs
    • Power UP Prepaid
    • Water Heater Program
    • Grain Drying Program
    • Oil Well Request for Service
    • Capital Credits
  • Payment Options
    • Pay Online - SmartHub
    • Auto Pay
    • Pay By Phone
    • Pay By Mail
    • Pay In Person
    • Understanding My Bill
  • Community
    • Coop Month
    • Economic Development
    • North Dakota Living
    • Operation Round Up
    • Outage Center
    • Youth Programs
      • Youth Tour
      • Scholarships
  • About Us
    • Directors
    • Annual Meeting
    • MWEC Annual Report
    • MWEC Bylaws
    • Service Area Map
    • Cooperative Principles
    • Careers
      • Benefits
      • Current Openings
    • Contact Us