Capital Credit Refund 2011

The Central Electric Board of Directors has approved a capital credit general retirement of $400,000.  This year your cooperative will be distributing these funds a little differently.  Instead of issuing checks, the refund will now be issued as a credit on your December bill. By doing this, your member-owned cooperative will save the cost of printing and mailing checks.  Inactive members will still receive a check.

For those of you with multiple accounts the credit will be applied to the account with the lowest sub account number. Example: If your account is 1234-001, 1234-002 and 1234-003, the capital credits will be applied to the 1234-001 account.

As a customer of Central Electric you realize the benefit of being electric cooperative members when you receive a portion of the cooperative’s margins as a credit on your bill.  That’s something the customers of an investor-owned utility would never see.

Remember to keep a copy of this bill for your records.

If you have any questions, please contact us at 1-800-477-2892 or 1-605-996-7516