Check your bill this month to see your capital credits.
When you signed up for electric service from PCEA, you became a member-consumer of a not-for-profit business. At the same time, you became an owner of the cooperative. As a result, anytime the cooperative has margins, they are allocated to the member-consumers and eventually retired.
At the November board meeting, the PCEA Board of Directors approved the retirement of $186,150 in capital credits to you, our members. The amount of credits you received is determined by the years you were a member, as well as the amount of energy you purchased during those years.
This month, current members during the years 2003 and 2020, will receive their capital credits on their December bill as credit. Former members who have built up at least $25 worth of capital credits will receive their money as a check in the mail. So, you may have a smaller payment just in time for the holiday season!
To learn more about capital credits, visit www.pella-cea.org/capital-credits.
Thank you for being a PCEA member. We wish you a Merry Christmas and a joyful New Year!