November 17, 2023
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TVEC Board of Directors Approves $4.6 Million Capital Credit Return

There are a lot of benefits to being part of a nonprofit electric cooperative, but the return of any excess operating margins has to be near the top of the list.

How Capital Credits Work

• At the end of each year, if TVEC has received more revenue than was necessary to cover expenses, the difference is allocated back to members as capital credits based on each member’s share of electricity purchased.
• When the co-op’s financial condition permits, the board of directors may decide to retire, or pay back, some of the capital credits. This year, all outstanding capital credits from 1995 will be retired as well as 10% of outstanding capital credits from 2022.
• Capital credits are returned to current and former 
members. For current members, this year’s disbursement will be applied as a credit on bills mailed in December. Former members will receive a check.
• This year's capital credit disbursement will be reflected on bills sent from the co-op in December.
Checks to former members will be mailed in early December.

Find the full article regarding this year's capital credit return in the December issue of Texas Co-op Power magazine or on tvec.net.

Are You in SmartHub Yet?
Member Account Changes: TVEC members will receive new account numbers in the SmartHub system. If your email is on file with us, you should have received your new account number in your inbox. You may also use your old account number to register in SmartHub, and your new account number will be in the system there.

Smarthub Online Portal: The SmartHub online experience promises easier interaction with the co-op and an enhanced user interface.

Smarthub Mobile App: The SmartHub mobile app is your electricity tool on-the-go, and the quickest way to pay bills, monitor electricity usage and set up alerts and reminders for your account.

New TVEC Website: An entirely new tvec.net has been launched, giving you direct access to SmartHub, as well as enhanced news and communication options and easier navigation.

Outage Texting: The TVEC Outage Texting service has changed numbers. If you have previously signed up for Outage Texting, you will only need to change the number that you text to the TVEC local direct dial number, 972-932-2214.
The Texas Rural Electric Women's Association has a long tradition of supporting Co-op education and understanding. With only a $10 membership cost, TREWA provides access to scholarships and regular updates on the co-op world in Texas. And no, membership is not limited to women!

Frequent topics in the TREWA LampLighter publication include legislative updates about how Austin affects co-ops, co-op history, efficiency tips and more. For more information visit TREWA.ORG.
Stay Co-op Connected with
Texas Co-op Power!

If you missed your November Texas Co-op Power magazine, you can access the full magazine on tvec.net.

In every edition you will find an update on Operation Round Up grants, great energy efficiency tips, and content from around the state by our partners at Texas Electric Cooperatives.

And of course, enter to win a $100 bill credit with our Energy Quiz contest!

We'd also love to see more TVEC winners in the TCP recipe and photo contests... find more information about upcoming contests here.
Please note: Replies to this email address are not monitored. To contact TVEC's member services team, email memberrelations@tvec.coop or visit tvec.net/contact-us.
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