Holy Cross Energy to distribute nearly $2.8 million to members
About 36,700 Holy Cross Energy consumers will soon be mailed 2012 Member Equity Allocation Notices and their share of nearly $2.8 million in 2012 member equity distributions.
More than 5,700 consumers, entitled to amounts less than $10, will see their credit applied to their electric account instead of a check.
As a not-for-profit electric utility, Holy Cross Energy allocates any annual revenues that exceed expenses back to each member based upon their purchases of electricity in that year. Member Equity Allocation Notices are provided to each eligible member after the prior year’s books are closed. Member equity distributions for the year 2012 will be distributed in part now, with the rest expected to be refunded at some future date.
Members who received service in 2012 who do not receive a Member Equity Allocation Notice by May 31 are asked to contact their nearest Holy Cross Energy office.
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