Flower Mound and Highland Village residents who get their electricity through CoServ will see a credit on their August bill after the cooperative's board voted unanimously in May to return $16 million in capital credits to members.

The payout lands when electric bills peak due to summer cooling demand. Any member who had active service before Jan. 1, 2026, qualifies for a share.

"Returning Capital Credits is one of the greatest benefits of being part of a cooperative," Board Chairwoman Trisha Sheffield said at CoServ's annual meeting on Wednesday, June 17. "At CoServ, margins belong to our Members, not shareholders."

How much you'll get

Individual credit amounts depend on how long a member has held service and how much electricity they purchased, according to CoServ's announcement published Wednesday, July 29. Credits under $5 won't be paid out. They'll be carried forward to a future retirement instead.

Former members who moved out of CoServ's service area will receive their share as a mailed check sent to the last known address on file. Those who need to update their mailing address can email [email protected].

Why August

CoServ deliberately times its capital credits retirement to hit during the most expensive billing cycle of the year. Sheffield explained the reasoning in a September 2025 article on CoServ's website: "We love that we shifted our Capital Credits retirement so they fall in August. It's when people are getting hit with their highest bills, and we hope that makes an impact."

As a member-owned electric cooperative, CoServ does not have shareholders. Margins that a for-profit utility would pay out as dividends are instead allocated to member accounts each May, proportional to the prior year's electricity purchases, and periodically retired back to members as credits.

Local context

CoServ, founded in 1937 as Denton County Electric Cooperative, serves more than 300,000 electric meters across North Texas, including Flower Mound and Highland Village. President and CEO Donnie Clary said in a May 2026 rate comparison that members using 2,000 kWh per month save an average of about $58 a month compared to customers in the deregulated retail market.

The $16 million retirement will appear as a line-item credit on August electric bills. CoServ has not announced the exact date bills will be issued.