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Dakota Electric awards $50,000 in scholarships

06.20.2012

Thirty-four area high school students and six Inver Hills Community College students received scholarships this spring for their continuing education from Dakota Electric Association. The donation to local students totaled $50,000. Seven Inver Hills students and 16 Dakota County Technical College students received scholarships last fall.

Dakota Electric has donated $563,495 since 1990 to help students reach their goals through post-secondary education.

“This scholarship money comes from unclaimed capital credits,” Dakota Electric’s President and CEO Greg Miller said. “State law allows us to donate it to students, and we are happy to provide the money as an investment in our local youth.”

 The money for the annual scholarships comes from unclaimed patronage capital, also known as capital credits.