Holy Cross distributes nearly $4.5M

Staff ReportGlenwood Springs, CO Colorado

More than 30,000 Holy Cross Energy consumers will share in nearly $4.5 million in member equity being distributed by the utility this month.The distribution will go to people who received Holy Cross electric service in 1995.As a not-for-profit electric utility, Holy Cross allocates any annual revenues that exceed expenses back to its members in the form of member equity.It retains some excess revenues for years in order to invest in the utility without having to borrow money at market rates. However, it still eventually distributes those revenues back to members.Active members entitled to amounts less than $10 will receive a credit on their electric account rather than a check.The utility has returned more than $31 million to members in the last five years.Members who received service from Holy Cross in 1995 but do not receive a member equity check or electric bill credit by Jan. 15 are asked to contact their nearest Holy Cross office.Holy Cross Energy serves Eagle, Garfield, Pitkin, and portions of Gunnison and Mesa counties.

Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.