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Louisiana Utility Honors Patronage Capital Credits

Shreveport-based Southwestern Electric Power Company (SWEPCO), which completed the purchase of Valley Electric Membership Corporation (Valley) in October 2010, recently mailed out a second round of refund payments to members of the former coop.  Valley's
January 7, 2013

Shreveport-based Southwestern Electric Power Company (SWEPCO), which completed the purchase of Valley Electric Membership Corporation (Valley) in October 2010, recently mailed out a second round of refund payments to members of the former coop.  Valley's board of directors pledged to honor Valley's estimated $25 million in patronage capital credits owed to its members.  These credits are accumulated by coop members as their share of the coop's earnings.  Click here for the full story.

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