United Power’s offices will be closed on Monday, May 29 in observance of Memorial Day. Members may access account information and make payments online through SmartHub web portal or mobile app. Our operations team remains on-call 24/7 in the event of an outage or emergency. We will resume normal business hours on Tuesday, May 30.

We express our gratitude to all military personnel for their supreme sacrifices on this Memorial Day.

Brighton, CO – United Power proudly announces its scholarship recipients for 2023. Each year, the cooperative awards more than $20,000 in scholarships to outstanding students in its service territory. The United Power Scholarship Committee selected 20 high school seniors based on grades, test scores, extracurricular activities, community involvement, and a written essay. Applications are made available by December each year. 

2023 scholarship recipients: 

• Kaden Rademacher, Mead High School, United Power Colorado College Scholarship, $2,000
• Gavin Walker, Prairie View High School, United Power Colorado College Scholarship, $2,000
• Lauren Brown, Frederick High School, United Power Youth Leadership Scholarship, $1,500
• Hayley Howell, Frederick High School, Basin Electric Power Cooperative Scholarship, $1,000
• Gwendolyn Hanks, Frederick High School, Tri-State Generation & Transmission Scholarship, $1,000
• Otis Kindvall, Frederick High School, Lois Lesser Education Scholarship, $1,000
• Dylan Leonard, Brighton High School, Bill Berens Memorial Scholarship, $1,000
• Jolene Her, Prairie View High School, United Power Community College Scholarship, $1,000

Additionally, United Power dedicates a book scholarship to each high school within its service territory, provided students from those schools submit applications. This year, United Power distributed 12 of these $1,000 scholarships, including four “at-large” selections. 

Dedicated book scholarships for 2023 were awarded to Brooklyn Yates, Brighton High School; Megan Derby, Eagle Ridge Academy; Cullen Aasmund-Williams, Frederick High School; Trisha Hammen, Fort Lupton High School; Gabriel Pemberton, Mead High School; Margaret Anne McEldowney, Prairie View High School; Jaden Atencio, Riverdale Ridge High School; Zayne Blair, Cherokee Trail High School; Grace Finnegan, Holy Family High School; Andrew Sawyer, Stargate Academy; Austin Hane, Northglenn High School; and Bailey Chess, Colorado Early Colleges Fort Collins High School. 

More information about United Power’s 2023 scholarship recipients can be found in the May/June issue of the United Newsline.  

United Power is a member-owned, not-for-profit electric cooperative, delivering electricity to homes, farms, and businesses throughout Colorado’s northern front range. The cooperative is one of the fastest-growing electric cooperatives in the nation, and in June 2021 joined the elite ranks of cooperatives serving more than 100,000 meters. The 900-square mile service territory extends from the mountains of Coal Creek and Golden Gate Canyon, along the I-25 corridor and Carbon Valley region, to the farmlands of Brighton, Hudson, and Keenesburg. United Power is also a founding member of the NextGen Cooperative Alliance, which is dedicated to expanding the power supply and procurement options available to distribution co-ops, reforming the traditional generation and transmission business model. For more information about United Power, visit www.unitedpower.com or follow the cooperative on Facebook, Twitter, LinkedIn, YouTube, and Instagram.

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Retirement of $4.5 Million on its way to Members Beginning in Late May

United Power is more than your local electric utility and you are more than a consumer. You have probably heard there are benefits to cooperative membership. The decisions we make are not to satisfy investors or generate profits, but to serve our members and our communities, ensuring our system is well maintained and delivers reliable power. It is just part of what makes cooperative membership different. 

Another member benefit that sets us apart is the retirement of capital credits. This year, our members will be part of United Power’s 17th consecutive retirement. If you are unfamiliar with this process, capital credits represent your investment in the co-op.

Becoming a Member

The moment you start receiving electric service from United Power, you become a member and an owner of the cooperative. As a member, you have unique privileges, one of which is economic participation. A portion of each electric bill you pay goes toward the cooperative’s operation and infrastructure, which represents your ownership stake. 

Members may also vote annually in the Director Elections or run for a seat on the Board to make their voices heard. By actively engaging and participating with the cooperative, you will always have a voice in our operation. 

Allocation of Capital Credits

Every spring, United Power looks at the prior year and any funds remaining after all expenses have been paid are allocated to members based on the prior year’s electric consumption — generally the more power you use, the larger your allocation will be. 
The allocation is not a check, but a bookkeeping of your ownership in the cooperative, i.e., the amount of money you invested into the electric system based on your electric consumption the past year. The funds are tracked, but not accessible in the form of cash until they are retired. You are notified of your allocation amount on your bill in May or June each year. 

Retirement of Capital Credits

Annually, the Board of Directors assesses the financial condition of the cooperative and determines what amount of capital credits are eligible for retirement. If the Board decides a retirement is feasible, the money is paid out, or “retired,” from each member’s account. The Board approved a $4.5 million retirement this year. Those retirements will be distributed beginning in late May. 

Anyone who had service in 2021 or earlier will be eligible to receive a refund. Refunds more than $50 will arrive as a check, and members who receive a refund less than $50 will see it reflected on their billing statement as a credit. Look for this credit on your bill in May or June. 

“There isn’t a more tangible benefit of cooperative membership than receiving money back on your investment in the utility itself,” said Mark A. Gabriel, United Power’s President and Chief Executive Officer. “Your investment not only makes you an owner, but helps ensure the resiliency of our system, the reliability of your power, and the affordability of our rates. It is a tangible representation of your value as both a member and an owner.” 

Capital credit retirements have returned a steady stream of money back to members in recent years. During the last 17 years, the cooperative has been able to retire millions of dollars back to its members. 

Want to learn more about capital credits? Frequently asked questions can be found at www.unitedpower.com or you can call a member services representative at 303-637-1300. 

IMPORTANT REMINDERS

• If you move, please be sure to leave your new address with us so we can continue to refund any capital credits you are eligible to receive in the future. 

• Upon death, the deceased member’s capital credit account is available for estate retirement. The representative of the estate should contact United Power to settle the capital credit account.