2016 Wabash Valley Power Capital Credits
Jasper County REMC buys its power from the Wabash Valley Power Association (WVPA) in Indianapolis, Indiana. WVPA is a cooperative whose sole mission is to provide and deliver the lowest cost power to the cooperatives who own the association. Just like any other cooperative, WVPA returns money to its members that is in excess of its operating costs. Since Jasper County REMC was a WVPA member in 1994 and 1995, our portion of the excess money has been returned to us.
Jasper County REMC’s directors believe this money belongs to our members - not the cooperative - and have decided to flow the $447,000 directly back to the members who were on our lines in 1994 and 1995. The checks were mailed in February 2016.