![]() ![]() When the Board of Directors declares a retirement of capital credits, members may get a capital credits check or a credit on their monthly bill if they have active service with Mohave Electric. MEC may retain capital credits for a period of time in order to reduce the need for borrowed funds and the payment of interest expense. This procedure allows only a portion of capital credits to be retired so as not to harm the Cooperative financially. A question asked is, “Why can’t MEC pay all my capital credits at once?” MEC’s bylaws set forth a legal procedure for issuing capital credits. Members who purchased electricity from MEC during those years are eligible to receive a prorated share of the retired capital credits. Once a year, the Board of Directors can vote to retire, or pay out, a portion of capital credits for a specific year or years, when doing so will not harm the Cooperative financially. Each year, the margins, if any, are allocated as capital credits to all members who purchased electricity during that year. Capital credits are the accumulation of the Cooperative’s margins and MEC establishes a capital credits account for each member. Any remaining funds are called positive margins. The revenues from the sale of electricity are used to purchase wholesale power, pay operating expenses, make payments on outstanding loans, and provide a financial reserve as a condition of lenders. RAO is the principal tool of the marine turtle conservation program in Nueva Esparta State, Venezuela.Sharing the Benefits of Membership What are capital credits? The number of beaches with recorded nesting events increased from 7 in 1999, to 14 in 2000, 32 in 2001, 34 in 2002, and 36 in 2003. In 1999, prior to the creation of the network, 83% of reported marine turtle nests were poached. The implementation of RAO increased the efficiency of conservation activities. Between 20, 252 volunteers were involved in the activities of RAO, 509 of the 560 cases reported (91 %) in the island were addressed, 391 nests were protected, and 11983 hatchlings were released into the sea. Volunteers are distributed in seven consecutive categories, according to their responsibility, reliability and training. ![]() It includes the community, commerce, academia and other local institutions. The Opportune Information Network (RAG, for its name in Spanish, Red de Aviso Oportuno), is an integrated information-action network that increases the efficiency of marine turtle conservation, with support from volunteers. ![]()
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