When you pay your bill each month, you are contributing to the equity, or your share of ownership, of the cooperative.
Capital credits are unique to the cooperative business model. Unlike other types of companies, CCEC and other cooperatives do not have shareholders who expect to make money from the company’s profits. We are not-for-profit businesses that exist solely to provide electric service to our members.
The funds allocated to each member’s account are used to fund capital needs for items such as power line construction, transformers, trucks, inventory, and other equipment. Capital credits also help keep rates at an affordable level by reducing the amount of funds the co-op borrows to maintain and grow its electric distribution system.
If you have an active account, you will see a credit on your bill when a capital credit retirement takes place. Checks are mailed to those who are no longer served by the cooperative. Capital Credits are also paid to the estates of deceased members in the form of a present valued lump sum payout.
If you move from our service area, the Capital Credits accumulated in your account will remain in your name. It is important that you keep the cooperative informed of your current address so that we can send you a refund when a Capital Credit retirement is made.
Use our Update My Account form to report a change in your primary contact information.