About Mt. Wheeler Power

 

About Us

Mt. Wheeler Power is an Electrical cooperative serving more than 12,000 residents and businesses in Nevada and Utah
 
As a cooperative, Mt. Wheeler Power is directly owned by each of the members it serves. Any earnings in excess of operating expenses are returned to the member-owners after they have been held for a period of time to provide capital for essential services. Its board of directors is selected through democratic tri-annual district elections.
 
Mt. Wheeler Power's mission is to follow the seven basic cooperative principles and provide its member owners with steady, low-cost power; Internet connectivity and many other useful services.

 
 
 

1. <Voluntary and Open Membership> Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

2. <Democratic Member Control> Cooperatives are democratic organizations controlled by their members, who actively participate in setting policies and making decisions. The elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote) and cooperatives at other levels are organized in a democratic manner.

3. <Members’ Economic Participation> Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing the cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.

4. <Autonomy and Independence> Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.

5. <Education, Training, and Information> Cooperatives provide education and training for their members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. They inform the general public, particularly young people and opinion leaders, about the nature and benefits of cooperation.

6. <Cooperation Among Cooperatives> Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

7. <Concern for Community> While focusing on member needs, cooperatives work for the sustainable development of their communities through policies accepted by their members.


Ely Office (Main Office)
PO Box 151000
1600 Great Basin Boulevard
Ely, NV 89315

(click map for directions)

Eureka Office
PO Box 346
790 South Monroe
Eureka, NV 89316

(click map for directions)

Winter Hours: November thru April

Summer Hours: May thru October

Ely Office

Winter Hours: 7:30 am to 4:00 pm, Monday thru Friday

Summer Hours: 7:00 am to 5:30 pm Monday thru Thursday

Eureka Office

Winter Hours:8:30 am to 1:30 pm, Monday thru Friday

Summer hours: 8:30 am to 3:00 pm Monday thru Thursday


 


Mt. Wheeler Power was incorporated in 1963 by local citizens who wanted to bring central station electricity to parts of Nevada and Utah that were commonly known as "One of America's Last Great Power Deserts." In 1971, their goal was realized as the cooperative started operations and began providing steady, low-cost power to White Pine County; parts of Elko, Eureka, and Nye counties in Nevada; and Western parts of Tooele, Juab and Millard County in Utah.

valley

 

Since then, the cooperative has grown and diversified over the past 30 years, now offering Internet connectivity, electrical products, wireless security systems and other convenient services for the member-owners.

 

 

EXPANDING OUR OFFICES: Eureka

Eureka Office     Sally

Continued growth required improvements on facilities in both Baker, Nevada as well as Eureka, Nevada. Eureka’s offices which had been in the original Eureka Light and Power office needed additional space as well as a warehouse and yard. The new facility is now at the East end of town.

EXPANDING OUR OFFICES: Baker

 

Needing a more secure location and facilities to warehouse materials the Baker shop was constructed in 2007 and is located across the highway from the Border Inn.

 

 


 VIEW DISTRICT MAP
district map
 

Mt. Wheeler Power currently services more than 4,600 member-owner accounts disbursed over a 16,000 square mile territory in four Nevada counties and three Utah counties.

 

Cooperative linemen maintain more than 200 miles of transmission line and over 1,800 miles of distribution line throughout Mt. Wheeler Power's service territory.

 

 

 


Mt. Wheeler Power is a member of a nationwide network of Rural Electric cooperatives organized by the Rural Electrification Administration since it was set up in 1935. This network provides electricity to over 12 million homes, farms, businesses and industries in 46 states. Together, all of the cooperatives in the network serve more than 75 percent of the US landmass.

 

Co-op Connections Card   
         

 


What are capital credits?
Because Mt. Wheeler Power is a cooperative, owned by its members, it does not technically earn profits. Instead, any revenues over and above the cost of doing business are considered “margins”. These margins represent an interest-free loan of operating capital by the membership to the cooperative. This capital allows Mt. Wheeler Power to finance operations and to a certain extent construction, with the intent that this capital will be repaid to you in later years.

What’s the difference between allocated and retired capital credits?
Allocated capital credits appear as an entry on the permanent financial records of Mt. Wheeler Power and reflect your equity or ownership. When capital credits are retired, a check is issued to you and your equity in the association is reduced. Checks are generally issued 18-20 years after the year in which the margins were earned.

What do I have to do to start accumulating capital credits?
Capital credits are calculated by Mt. Wheeler Power for everyone who purchased electricity during a year in which the utility earned margins. No special action is required to start a capital credits account. Your Mt. Wheeler Power membership activates your capital credits account.

How are capital credits calculated?
The amount of capital credits you earn in a given year is based upon the amount of capital you contribute to the association through payment of your monthly bills. The more electric services you buy, the greater your capital credits account – although the percentage will remain the same. The sum of your monthly bills for a year is multiplied by a percentage to determine your capital credits.

What percent of my bill is returned as capital credits?
The percentage of your total payment that is allocated as capital credits varies from year to year, depending upon the success of the cooperative. Capital credits are only allocated for a year in which Mt. Wheeler Power earns margins. Since capital credits are a member’s share of the margins, no credits are allocated for a year with no margins. For years in which MWP earned margins, the allocation generally ranged from 4 to 12 percent of annual bills.

Do I have to be a customer for an entire year to earn capital credits?
No. Capital credits are calculated based upon a member’s monthly bills. If you are billed for service for even one month, you will accumulate some capital credits, if MWP earned margins in that year.

Will I receive a capital credits check every year?
Not necessarily. The Board of Directors must authorize a retirement before you receive a check. When considering a retirement, the Board analyzes the financial health of the association and will not authorize a retirement if Mt. Wheeler Power cannot afford it.

What happens to my capital credits when I leave the MWP service area?
Your capital credits remain on the books in your name and member number until they are retired. Because payments are made approximately 18-20 years after credits are earned, you should ensure that Mt. Wheeler Power always has your current mailing address.