by General Manager Steve Stroshane
I'm pleased to report that Polk-Burnett Electric Cooperative will return $1,450,052 in Capital Credits, including $915,000 to co-op members who purchased electricity in 1999, 2000 and/or 2017, and $535,052 from our power provider, Dairyland Power Cooperative, to members who purchased power in 1992 through 1995.
It pays to be a co-op member: If you were a member those years, you'll get money back!
As a member-owned, not-for-profit electric co-op, Polk-Burnett operates at cost. Any money left after expenses is returned to members, according to our co-op principles. Instead of returning money to distant shareholders, Polk-Burnett returns Capital Credits to the local people we serve.
Capital Credits are distributed each year and are a direct benefit of co-op membership. 16,770 active members and 8,766 former members will receive Capital Credits in September.
WATCH FOR YOUR CAPITAL CREDITS ON YOUR SEPTEMBER BILL!
The amount of your credit is based on electricity you purchased in 1992 – 1995, 1999, 2000 and/or 2017.
Visit our Capital Credits webpage to learn more.