The net earnings of the cooperative are invested in the infrastructure used to provide electric service. Those earnings are carried on our books as capital credits because they constitute the cooperatives working capital and are credited to each customer based on electric usage. Capital credits represent each customers share of ownership of the cooperative. Capital credits are allocated to customers at the end of each year in which the cooperative has a positive net margin. The allocation is a bookkeeping entry, not a cash account, but IREA tries to pay out, or retire, part of each customers allocated capital credits each year.
Intermountain Rural Electric Associations 5,000-square-mile service territory includes portions of 11 counties to the east, west and south of Denver. With more than 160,000 customers, IREA is the largest electric distribution cooperative in Colorado and one of the largest in the U.S. As a customer-owned cooperative, IREA operates on a nonprofit basis; earnings exceeding expenses are invested in the facilities used to provide electric service and are booked as member equity. Some of this equity is returned to members almost every year, as finances permit, through capital credit refunds.
New construction procedures apply to the construction or installation of a new facility that does not yet have electric service. New homes and businesses where construction has been completed and electric service has been installed are not considered new construction from an electric service standpoint. Consumers requiring electric service at these locations should visit our Start/Transfer Service page for information on how to obtain new electric service. When an individual contacts the association regarding new construction, a work request will be opened.
IREA is committed to affordable clean energy. Our 2021 power supply will include 25% renewables, and by 2025 we will have nearly 200 megawatts of renewable energy capacity on our system a significant step forward from the less than 10% renewables we had in 2013.
Three easy ways to save energy in the kitchen:
The U.S. Postal Service continues to experience high volumes and reduced staffing. Avoid significant delays in paying your IREA bill by using one of our free electronic options. Visit www.IREA.coop/ irea-encourages- electronic-paym ents/ for more information.
Happy #InternationalWo mensDay! IREA is proud to be energized by powerful women at every level of our cooperative. Their important work in diverse roles is core to who we are at IREA.
IREA's Electrical Safety Poster Contest is back! We are looking for budding artists in grades 1 through 5 who can help us promote National Safety Month in June. More info: www.IREA.coop/ safety-poster-co ntest/.
Graduating high school seniors can now apply online for one of IREA's 2021 education grants. Recipients will each r… https://t.co/7422Foervw
Happy #WorldWildlifeDay! Photos courtesy of IREA Substation Master Technician Joel Bull. https://t.co/3uZM0eRF8I
Capital credits are arriving! IREA is refunding $9 million this year. Most customers will see their capital credit… https://t.co/CzgPuqDYGH
IREA CEO Patrick Mooney plans to retire in April. In his decade as CEO, IREA has significantly improved the system,… https://t.co/Fm5si6L9Xn
An RTO will improve reliability, provide cost savings for customers, create jobs and reduce emissions. IREA is work… https://t.co/a9hZXeCoYd
Today's winter energy tip: On sunny days, open south-facing curtains and blinds for natural heat. Be sure to shut t… https://t.co/8X9aioMDuu
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