2017 capital credits assignment
News From Diverse Power
All members, except those with a different contract for electric service, are hereby notified that Diverse Power’s patronage capital credit assignment for the year 2017 is 0.04 percent, and the total amount of capital credits being assigned is $36,600. Because of our structure as a cooperative, each dollar a member pays in excess of the cost of providing electricity is an investment by that member in Diverse Power. Each year, revenue in excess of operating costs and expenses is assigned to your capital credit account based on what you paid for electricity that year.
For every $100 you paid for power in 2017, we assign $0.04 to your patronage capital credit account. Your capital credit assignment may be calculated by multiplying your total electric bill for 2017 (less sales tax and miscellaneous items) times 0.04 percent.
$1,000 x .0004 = $0.40
$1,500 x .0004 = $0.60
$2,500 x .0004 = $1.00