HR Electric Co-Op Returning Money To Members

Hood River Electric Cooperative is returning $367,915 to members this month as a result of a capital credit retirement authorized by its Board of Directors.  The co-op typically retires capital credits in November, but the board authorized this special springtime retirement to assist members who may be facing financial hardship due to the COVID-19 pandemic.  This capital credit retirement pays out the remaining patronage capital allocations earned in 2008.   These payments will be sent out in mid-April or applied to individual accounts.  In addition to the capital credit retirement, the electric co-op has suspended disconnections for non-payment and is waiving late payment penalties for past-due bills.

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