Beltrami Electric to return $1.7 million to members

The Beltrami Electric Cooperative is returning more than $1.7 million to its members.

According to a release, the Beltrami Electric board of directors approved paying more than $1.45 million in capital credits to current and former members and also paid out more than $260,000 in estate retirements.

“As a not-for-profit cooperative, margins are allocated to members based on their patronage,” said president and CEO Jared Echternach.

“Our goal is to provide member-owners with electricity at a price that is as close to cost as possible. over time, those margins are returned to members in the form of capital credits.”

Qualifying accounts include cooperative members prior to 2022 with an active billing account.

The funds will appear as a credit on upcoming electric bills.

Checks to former members will be mailed in mid-December.


Larissa Donovan was the News Director for the stations of Paul Bunyan Broadcasting and has been, almost without interruption, since Election Day 2016, through July 2023. She covered all the beats in north-central Minnesota, such as local government, crime, education, environment and social issues. She studied communications at Bemidji State University. You can follow along with Larissa's live tweets of meetings and events on Twitter!

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