As a not-for-profit cooperative, REC assigns any margins remaining after expenses to members in the form of capital credits. As financial conditions allow, these credits are retired and paid out to members over time. REC must balance the retirements of credits between margins earned decades ago with those earned more recently. Each year, the REC Board determines the most appropriate balance between maintaining the Cooperative's financial health and returning funds to the membership.
This year, REC expects to return approximately $10 million in capital credits using a "first in, first out" method, which recognizes longer-term members whose equity in the Cooperative dates back to the early 1990s. As a result, some members may see a credit on their July electric bill.
