LPEA will publish in The Durango Herald and Pagosa Springs Sun and on its website, www.lpea.coop, a public notice naming individuals or businesses whose capital credit funds have gone unclaimed because of an invalid address, or whose capital credit checks have not been cashed.
Dennis Svanes, LPEA chief financial officer, said electricity payments made by members in excess of the cost of providing their electric service (called the “margin”) is placed into a patronage capital account in each member’s name.
To claim funds, individuals and businesses named in the public notices are asked to contact LPEA’s offices in Durango or Pagosa Springs, or call 247-5786. Identification will be required to claim the available funds.
Capital credits that are not claimed will be used for educational or charitable purposes as determined by the LPEA board of directors. Unclaimed capital credits currently support the co-op’s annual scholarships, as well as contribute to educational and nonprofit community projects in La Plata and Archuleta counties.
For more information, call LPEA at 247-5786 or visit www.lpea.coop.