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News/Events

BOARD APPROVED $709,000 FOR PATRONAGE REFUND!

The Southern Iowa Electric Cooperative Board of Directors approved returning capital credits (patronage dividends) to the Membership at the June 27, 2019 meeting.  A total of $709,000 appears this month as a credit on electric bills received in September for August energy use to approximately 4,700 SIEC accounts from the years 1998, 1999, 2000, and 2018.  The act of returning capital credits is what differentiates cooperatives from other organizations.



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