Skip to main content
Pay Now
Contact Us
Newsletter
Enchantment
Home

Contact:  575-744-5231        Outages:  1-888-336-3380

Menu
  • Consumer-Member Info
    • The Co-op
    • Membership
      • Residential Rights and Responsibilities
      • Bill Payment
        • Information for Members Experiencing Financial Hardship
      • Understanding your Bill
      • Capital Credits
      • By-Laws
      • Paperless Billing
      • Energy Efficiency Rebates
      • Operation Round Up
      • Co-op Connections
      • Budget Payment Plan
      • New Mexico Public Regulation Commission
    • Together We Save
    • Electric Vehicles
  • Outage Center
    • Reporting an Outage
    • Outage Safety & Tips
  • Service
    • Start, Stop, or Transfer Service
    • Rates, Fees & Charges
    • Solar & Net Metering
    • Surge Protection Device
    • Safety
  • Co-op Community
    • Youth & Education Programs
      • Government-in-Action Youth Tour
      • Safety Coloring Contest
      • Sierra Electric Cooperative Education Foundation & Scholarships
      • Safety Education Programs
  • Announcements & Forms
    • Quick Forms
    • Job Openings
    • Sierra County Broadband Updates

Donation of Capital Credit to Education Foundation

Agreement to Donate Member's Patronage Capital to the Sierra Electric Education Foundation

In accordance with Sierra Electric Cooperative, Inc. Bylaws, Section 9.04 "Charitable Assignment of Patronage Capital", any member may assign in writing in a form acceptable to the Cooperative all or any portion of that patron's patronage capital, vested or expected, to such a charity, effective as of the date of assignment. 

So, the MEMBER or ESTATE REPRESENTATIVE can donate the balance of their patronage capital to the SEC Education Foundation. The foundation was established by the Board of Trustees in 1990, subsequent to the adoption by the membership of Section 9.04 "Charitable Assignment of Patronage Capital" to the bylaws. Unclaimed patronage capital checks, assignment of future patronage retirements or direct tax deductible donations may be made to the foundation. The Sierra Electric Education Foundation was formed to provide scholarships to area high school students who are members of the cooperative and are planning to attend college in New Mexico. 

Agreement to Donate Tri-State Generation & Transmission Association ("TSGT") Patronage Capital Portion to the Sierra Electric Education Foundation

In accordance with Sierra Electric Cooperative, Inc. Bylaws, Section 9.02 "Patronage Capital in connection with furnishing Electric Energy", Board of Trustees shall, at its discretion, have the power at any time upon death of any patron who was a natural person (or, if as so provided for in the provided in the preceding paragraph, upon the death of an assignee of the capital credits of a patron which assignee was a natural person), if the legal representatives of his estate shall request in writing that the capital so credited or assigned, as the case may be, be retired prior to the time such Bylaws, to retire such capital immediately upon such terms and conditions as the Board of Trustees, acting under policies of general application to situations of like kind, and such legal representatives, shall agree apon: PROVIDED, however, that the financial condition of the Cooperative will not be impaired thereby.

However, the Cooperative cannot retire the patronage capital portion allocated to Sierra Electric Cooperative by its power supplier, Tri-State Generation and Transmission Association ("TSGT"), as these amounts from TSGT have yet to be retired to Sierra. So the Estate Representative may either elect to wait for this TSGT retirement portion, not expected in the foreseeable future, or you can donate this portion to the SEC Education Foundation. The foundation was established by the Board of Trustees in 1990, subsequent to the adoption by the membership of Section 9.04 "Charitable Assignment of Patronage Capital" to the bylaws. Unclaimed patronage capital checks, assignment of future patronage retirements or direct tax deductible donations may be made to the foundation. The Sierra Electric Education Foundation was formed to provide scholarships to area high school students who are members of the cooperative and are planning to attend college in New Mexico. 
CAPTCHA

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Safety Tips

Safe On The Bus
KeepPetsSafe
Spring Planting Safety
Boat Dock Safety
Previous Next
Back to Top

Statement of Non-Discrimination

In accordance with Federal civil rights laws and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs).  Remedies and complaint filing deadlines vary by program or incident.

Persons with disabilities who require alternative means of communication for program information (e.g. Braille, large print, audiotape, American Sign Language, etc.) should contact the responsible Agency or USDA's TARGET Center at (202) 720-2600 (voice and TTY) or contact USDA through the Federal Relay Service at (800) 877-8339.  Additionally, program information may be made available in languages other than English.

To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form.  To request a copy of the complaint form, call (866) 632-9992.  Submit your completed form or letter to USDA by:

1. Mail:  US Department of Agriculture, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410

2. Fax:  (202) 690-7442; or

3. Email: program.intake@usda.gov

Sierra Electric Cooperative, Inc. is an Equal Opportunity Provider and Employer

 

©2023 Sierra Electric Cooperative. A Touchstone Energy Cooperative.

  • Consumer-Member Info
    • The Co-op
    • Membership
      • Residential Rights and Responsibilities
      • Bill Payment
        • Information for Members Experiencing Financial Hardship
      • Understanding your Bill
      • Capital Credits
      • By-Laws
      • Paperless Billing
      • Energy Efficiency Rebates
      • Operation Round Up
      • Co-op Connections
      • Budget Payment Plan
      • New Mexico Public Regulation Commission
    • Together We Save
    • Electric Vehicles
  • Outage Center
    • Reporting an Outage
    • Outage Safety & Tips
  • Service
    • Start, Stop, or Transfer Service
    • Rates, Fees & Charges
    • Solar & Net Metering
    • Surge Protection Device
    • Safety
  • Co-op Community
    • Youth & Education Programs
      • Government-in-Action Youth Tour
      • Safety Coloring Contest
      • Sierra Electric Cooperative Education Foundation & Scholarships
      • Safety Education Programs
  • Announcements & Forms
    • Quick Forms
    • Job Openings
    • Sierra County Broadband Updates