|
Report a power outage by calling any CEC office or 1-800-239-1193 after-hours. |
|
Report a power outage by calling any CEC office or 1-800-239-1193 after-hours. |
|
Welcome to your member-owned electric cooperative. |
|
 |
Capital Credits
The
advantage of a cooperative
is that it is owned by the members
it serves. As a member-owner, you share in the profits of
the co-op. All revenue received
annually in excess of expenses
(i.e. profits) is allocated back to the membership in the
form of capital credits. This allocation is based on the
dollar amount of electricity purchased by
each member during the year.
Important facts about capital credits: * In August, CEC refunded capital credits to eligible members who had active electric accounts prior to and through the end of 1981. * The eligible members with active electric accounts had their capital credits applied to their August electric bills. * The eligible members with inactive electric accounts will be issued a check for their capital credits that will be available for pick-up after Sept. 1, at the main office in Sanford. With advance notice and proper identification, checks can be sent to a branch office for pick-up. * Capital credits payable to deceased eligible members will only be paid to the legally appointed representatives of those estates. * If you have any questions regarding these credits, please call your nearest CEC office for more information. * A list of all members eligible for these specific capital credits is available here by clicking on the link below. The link will provide all names by alphabetical order. |
Copyright 2010 Covington Electric Cooperative Inc. |
|---|
