As a member of our cooperative, you may be eligible for capital credits. These are funds that we allocate to our members based on the cooperative’s margins and your usage.
What Are Capital Credits?
Capital credits represent your share of the cooperative’s margins. When the cooperative does well financially, we return a portion of these margins to you, our valued member.
1. When you or your business establishes service with Kiamichi Electric, you become a member.
2. KEC carefully tracks how much energy you purchase from the co-op.
3. In years KEC earns positive margins, you are allocated your portion of the previous year’s margins based on the amount of services purchased.
4. The Cooperative carefully tracks the allocation in your accounts in you accounts as your investment in the co-op.
5. Over the years, your investment is used to fund capital needs, such as power line construction, transformers, trucks, inventory and other equipment.
6. Each year, the KEC Board of Directors evaluates the financial condition to determine if we can “retire” or refund capital credits.
7. Your investment in the co-op is returned.
Learn More About Capital Credits
Download our illustrated guide to capital credits to understand more about how they work and how you can benefit from them.