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OUTAGE REPORTING: 1-800-288-1353

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  • PLANNED OUTAGE MAY 28, 2025

    Attention members in FOLSOM and RATON SURROUNDING AREAS including EAGLE TAIL, TINAJA, KIOWA, YANKEE and JOHNSON MESA PASS - we will be completing maintenance to tie into the new Raton substation and will need to take an outage.  This work is scheduled for Wednesday, May 28th from approximately 9 am to 3 pm.  CIMARRON, MIAMI and MAXWELL members will experience two 15 minute outages around 9 am and 2:45 pm while the switching is conducted.

    We apologize for any inconvenience and appreciate your patience while this necessary work is completed.

    Please call our office at 575-483-2421 with any questions or concerns.

    Thank you for your patronage!

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Capital Credits

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  1. Member Account Services
  2. Capital Credits

What are Capital Credits?

Capital credits are the “margin of profit” shown by the Cooperative at the end of the year.  Any excess revenues, called margins, related to the sale of electric service that remain after all expenses have been paid are returned to the Cooperative’s members. This is done based on a percentage (%) applied to the member’s usage during those years and is the reason the amount for each member differs.  Returning capital credits to our members is a sign of a fiscally healthy Cooperative.

How Do Capital Credits Work?

  • Your Co-op tracks how much electricity you buy and how much money you pay for it throughout the year.

  • At the end of the year, your Co-op completes financial matters and determines whether there are excess revenues, called margins.

  • Your Co-op allocates the margins to members as capital credits based upon their use of electricity during the year.

  • When the Co-op’s financial condition permits, your board of directors decides to retire, or pay, the capital credits.

  • Your Co-op notifies you of how and when you’ll receive your capital credit retirements.

Capital Credit Questions?

If you have other capital credit questions, please call us at 575-483-2421 or 1-800-288-1353.

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Springer Electric Cooperative

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About Us

Springer Electric Cooperative, Inc. provides electric service to its members in Northeastern New Mexico.  Educating our members about the programs and services we offer is a top priority to us. If you have questions or comments, please let us know. We look forward to serving you for many years to come.

©2025 Springer Electric Cooperative. Serving members in Northeastern New Mexico.

  • Home
  • About Us
    • Board of Directors
    • Bylaws
    • Cooperative Principles
    • Staff
    • Contact Us
    • Careers
  • Member Account Services
    • My Account
    • Rates
    • Capital Credits
    • Service Application and Forms
  • News & Community
    • News/Events
    • Communities We Serve
    • Solar Farm
  • Energy Resources
    • Wind Power
    • Home Energy Saver
    • Touchstone Energy Savings
    • Helpful Links
  • Safety
    • Call Before You Dig
    • Electrical Safety Information
    • Report a Dangerous Tree
    • Safety Checklist
    • Safety Quiz