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  • In compliance with Gov. Polis' Safer at Home Order

    our lobby is open and we encourage members to wear masks or face coverings and to maintain a 6 foot separation. If you are sick please stay home! Members can accomplish most tasks on line or over the phone. We have a payment kiosk that accepts cash and credit/debit cards inside the first set of doors at our 801 N Broadway office. Cash and check payments are still accepted in the night drop vault.

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  • Phone Payments Unavailable Saturday January 16

    On Saturday January 16th from 8:30 am until 12:00 Noon, EEA's Phone Payment system will be unavailable due to system maintenance. You may still make payments at the Kiosk in our lobby at 801 N Broadway in Cortez or log in to your EEA account at eea.coop to make a payment. 

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OUTAGES: 970-565-4444 | CONTACT: 970-565-4444

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Capital Credits

Woo-hoo!

EEA returns capital credits!

Learn How

March 2020 PRESS RELEASE

Empire Electric to return more than $2.7 million in capital credits to its members 

Funds to be distributed as bill credits or mailed as checks during the March 2020 billing cycles

Cortez, CO - Empire Electric Association (EEA) will return $2,713,444.80 in capital credits to 19,180 members.  These funds will be distributed as bill credits or mailed as a check during the March 2020 billing cycles.


Any revenues remaining after all expenses have been paid in a fiscal year are termed margins.  Margins are allocated to members who took service from the cooperative during that fiscal year and placed into a patronage capital account in each member’s name.  This capital, along with borrowed funds, is used to pay for needed improvements to EEA system infrastructure. 


“In other words, EEA invests the margins back into its system,” says Ginny Johnson, Finance Manager. “It helps build member’s equity, reduces the amount of money EEA must borrow, and minimizes the interest charges we would otherwise have to pay.  The margins allow EEA to maintain the highest level of system reliability while keeping rates as low as possible.”


These margins are eventually returned to the members as capital credits.  Each year, the EEA Board of Directors reviews the financial health of the cooperative and determines if capital credits will be returned.  “We return capital credits back to the members we serve as soon as it is financially prudent to do so,” says Josh Dellinger, General Manager.  “Returning capital credits to our members is one of the many things that sets cooperatives apart from for-profit utilities.”  At the January 2020 board meeting, the board approved to return 100 percent of the Co-op Margins from 1998 and 22 percent from 1999.  Since incorporation in 1939, EEA has returned over $31 million to its members.


Please be sure to keep your contact information up to date, even if you discontinue service with EEA, so that you can be contacted about future capital credit returns.  A list of former members with unreturned capital credits is posted each year on EEA’s website at www.eea.coop. If you have any questions about capital credits or any other cooperative business, please call EEA’s office at (970) 565-4444.

Use this Membership form to select how to receive your Capital Credits.

This unclaimed capital credit list contains member names of those we are unable to contact.  We want to return the capital credits they have earned. If you can assist us in tracking someone on the list, please give us a call at (970) 565-4444. 

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  • capital credit
  • membership
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    Contact Us:

    Empire Electric Association, Inc

    Outages: 970-565-4444

    Office: 970-565-4444

    801 North Broadway,

    Cortez, Colorado 81321

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    • Home
    • Account
      • Account Login
      • Payment Options and Assistance Programs
      • Rates
      • Start or Change Service
      • Understanding Your Bill
    • Energy Programs/Services
      • DER, DG, Net Metering and More
        • Green Power Program
        • Renewable Energy Programs
        • Questions to Ask a Solar Contractor
      • Energy Efficiency Products Program (Rebates)
      • Low Income Weatherization
      • Meter Information
      • Programs to Help You Save Energy
      • Energy Saving Tools
        • Together We Save
        • Home Energy - Ways to Save
      • Energy Education for Youngsters
      • Electric Vehicle Information
    • Community
      • Empire Electric
        • Co-op Careers
        • Cooperative Difference
        • Governing Documents and Policies
        • Historical Timeline
        • Touchstone Energy
      • Membership Info
        • Annual Meeting
        • Benefits of Membership
        • Board Meetings and Minutes
        • Board of Directors
        • Capital Credits
        • Member Newsletter
        • Press Releases
        • Scams
      • Community
        • Community Room
        • Community Resources
        • Donation and Sponsorship
        • Photo Contest
        • Scholarships
        • Youth Trips
    • Safety
      • Electrical Safety
        • Electrical Safety Information
        • Safety Demos
        • Safety Quiz
      • Outage Center
        • Prepare for an Outage
          • Outage FAQ
        • Storm Center