Capital credits represent each member's investment in the capital infrastructure of the cooperative. Capital credits are the margins credited (or allocated) to the members of the cooperative based on each member's billing amounts for electric service from the cooperative. Salem Electric operates as a not-for-profit cooperative for the mutual benefit of all its members. Capital credits come from the net margins remaining after expenses are paid, and provides funds for new construction, plant replacements, debt reduction, and other capital purposes approved by the board of directors.
Spring is just around the corner! As you think about outdoor projects that require digging, remember to notify local utilities by dialing 811. #safetyfirst
In September 2020, construction began to add a new 40MVA power transformer at Hughes Substation in West Salem. In January, the 100,000 pound transformer was delivered. This video shows just how complicated transporting a transformer can be. Fun fact, this transformer was energized just days before...
Check out our monthly newsletter for co-op news, events, and more! March’s edition includes:🔹Increasing Reliability🔹Not Your Average Electric Bill🔹Longest Serving Employee Retires🔹Hydropower—A Northwest Treasure🔹Board Meeting Summary
Today is National #EmployeeAppreci ationDay, and we’re recognizing the men and women who help power our community. Thanks for all you do!
Ever wonder what’s using the most energy in your house? Miscellaneous appliances and everyday use items may account for almost 40% of your annual usage.
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