As a Member of an Electric Cooperative, YOU to Get the Credit!
When you signed up to receive electrical service from McKenzie Electric Cooperative, you became a member of an electric cooperative. While investor-owned utilities return a portion of any profits back to their investors, electric cooperatives allocate excess revenue to members as “capital credits,” and retire-or pay— them when the co-op’s financial condition permits.
People and organizations who were members of McKenzie Electric Cooperative during the selected retirement years, receive their capital credits earned for those years. The amount of each allocation and retirement is based on how much individual members paid the co-op for electric service during that period.
It’s time for the members who helped to build this electric cooperative to get the credit… through capital credits.
What Does a Capital Credit Statement Look Like Compared to the Normal MEC Electric BIll?