Attention Dixie Power Members located in our Arizona District: Your Annual Meeting will be Wednesday, April 5, 2017 from 5:00pm-6:30pm at the Beaver Dam Elementary School. Dinner will be served starting at 5:00pm. The business meeting will start at 6:00pm.

Attention Dixie Power Members: Elections will be taking place for our Board of Directors in two areas. If you are interested in finding out more information and how to take part in the election process, you may click on COMPANY, then click on BOARD ELECTIONS & NOMINATIONS. Instructions will be provided on how to apply for the positions. Elections are for the entire Escalante Valley District and the Dixie District St. George Area. (Border includes area of I-15 going westbound.) If you reside in one of these two areas and would like to apply, please stop by any of our office locations and pick up an application. The deadline for applications and all required information is April 1, 2017.

Capital Credits

Dixie Power is a member-owned non-profit cooperative because we give back the profits to our members in the form of capital credits. We still pay all business taxes such as property taxes, sales taxes, and employer taxes – we just don’t pay income taxes because of the capital credits refunded to our members, hence the legal status of “non-profit”.

Each year the company’s margin (revenues less expenses) is determined and then allocated proportionately to all members based on their individual revenue to the company (power bills they are billed). This allocation is then recorded in a separate capital credit account for each member and reflects the investment of each member into the plant facilities of the cooperative. As long as you are a member and the company has positive margins, you will receive a capital credit allocation. That allocation is turned into actual cash when the Board of Directors declares a capital credit refund. That is done close to the end of the year when the financial condition of the company is apparent. Refunds are done as a percentage of a member’s entire balance.

Allocation Notice: Notice of your credits recorded in a capital credit account.

Refund: Actual cash being refunded from your capital credit account.

Example of Capital Credit Allocation Notice:

CAPITAL CREDIT ALLOCATION NOTICE

Member Number: 1234567
Year: 2008
Amount: $15.42
Total All Years: $106.48

The Board of Directors approves a percentage of the total balance to be refunded each year when the financial position of the company allows. Each year the total will change when adding the allocations and subtracting the refunds.