La Plata Electric Association is seeking members or former members who are due to receive Capital Credits refunds.
LPEA is publishing in local newspapers and posting on its website, www.lpea.coop, a public notice naming individuals or businesses that have unclaimed Capital Credit money (aka patronage capital) because of an invalid address, or whose Capital Credit checks have not been cashed.
The Unclaimed Capital Credits insert will appear in The Pine River Times on Friday, in The Durango Herald on Sunday, and the Pagosa Springs Sun on March 16.
The notice is now posted on the LPEA website.
Annually, the LPEA board of directors determines the amount of patronage capital retired, and most retired capital is typically refunded to members in the November-December billing cycle through billing credits. Checks are issued to those due $100 or more. Since incorporation in 1939, LPEA has refunded nearly $60 million.
To claim funds, individuals and businesses due credits or refunds are asked to contact LPEA’s Durango office, 45 Stewart St., Bodo Industrial Park, or call 247-5786. Identification will be required to claim the available funds.
Any unclaimed monies will be used for educational or charitable purposes as determined by the LPEA board of directors, as set forth in the LPEA Bylaws. Unclaimed Capital Credit funds currently support LPEA’s annual scholarships as well as contribute to educational and nonprofit community projects in La Plata and Archuleta counties.
Herald Staff
