At Monday night’s Flower Mound Town Council meeting, CoServ representatives presented Mayor Steve Dixon with a combined capital credit check from CoServ and Brazos Electric (the generation and transmission co-op that provides CoServ with most of its electricity) for $80,438.57.
Because CoServ is a nonprofit, each year it divides its profit margin proportionally by the amount of electricity each consumer used throughout the year and pays them back to the consumer, according to the CoServ website.
The funds will be placed into Flower Mound’s General Fund and will be available for use the following budget year, according to a news release from the town of Flower Mound.
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