The Central Electric Board of Directors approved a capital credit general retirement of approximately $835,000 for 2021.

Members with active Central Electric accounts will receive their refund as a credit on their bill received in early December 2021. By doing this, your member-owned cooperative saves the cost of printing and mailing checks. Inactive members will receive a check in the mail.

When transferring service out of your name or moving off the service territory, ensure that Central Electric has your updated contact information for future capital credit payments.

Cooperative members are “owners” of the cooperative. As a non-profit cooperative, margins are allocated back to members each year. Funds are retained by the cooperative to maintain cash flow and good financial standing. Then, the Board of Directors approves capital credit retirements when financially possible. That’s something customers of an investor-owned utility do not see.

Remember to keep a copy for your records. If you have questions, please contact our office or visit www.centralec.coop/capital-credits to view a list of frequently asked questions.