United Power presented the Town of Firestone with a capital credit refund at its Oct. 9, 2013, Board of Trustees meeting, representing the town’s portion of the 2013 capital credit retirement from United Power. Representatives from United Power at the meeting for the check presentation included Ron Asche, CEO, Bill Meier, senior community affairs representative, and Ginny Buczek, president of the board of directors and director representing the west district.
United Power is an electric cooperative that provides its members with “at cost” electric service. At the end of each year, any profits remaining after expenses are paid are returned to members in the form of capital credits. In 2013, United Power’s board of directors authorized $3.5 million to be returned to members. The Town of Firestone received an amount based on its length of membership with United Power and the amount of power used during a set period.