Member Owned & Operated
As a member owned and operated cooperative, one of the principles we follow is a commitment to returning part of your investment.
Patronage, or capital credits, represent margins credited to members of a cooperative based on their purchases. Each year, our Board of Directors reviews margins and may set aside and allocate excess funds.
When will I receive this money?
Allocations are returned to members in the form of capital credit retirements. These are returned at a future date, if or when approved by the Board of Directors.
How is it calculated?
The amount a member earns is based upon the total dollar billing for that year. The sum of the member's bills for the year is multiplied by a percentage to determine the allocation.
Can this be used to pay my electric bill?
No. These funds are not available to you until a future date.
What if I move?
If you move or no longer receive our electric services, it is important to keep your address current with the co-op, so future capital credit retirements can be mailed to your current address.