Your September bill this month shows a credit representing your share of $4.6 million the co-op is returning to active and former CCEC members.
Capital credits are unique to the cooperative business model. Unlike other types of companies, CCEC and other cooperatives do not have shareholders who expect to make money from the company’s profits. We are not-for-profit businesses that exist solely to provide electric service to our members.
When you pay your bill each month, you are contributing to the equity, or your share of ownership, of the cooperative.