REC Returns $6.2 Million to Member-Owners
Tuesday | November 26, 2019

REC member-owners received a cash back credit on their November electric bill. This credit represents a portion of the member-owner’s share of the Cooperative. The longer a household has been a member-owner of REC – and the more electricity they have used during that time – the more Capital Credits they will have earned and the larger their share of the cash back will be.

“As a not-for-profit business, all revenues REC receives, beyond the costs for providing electric service, remain the property of REC’s member-owners and is assigned to them as Capital Credits,” explained Larry Andrews, manager of administrative services and controller. “As financial conditions allow, a portion of the Capital Credits are returned as cash back. This year, REC is returning $6.2 million to member-owners in the form of Capital Credits.”

Member-owners are reminded to check their November-December electric bill to see their cash back amount.

Capital Credits

REC STORIES

REC employees greeted new Spotsylvania County School teachers at the New Teacher Day of Learning.
REC employees supported new teachers at the Front Royal/Warren County Chamber’s New Teacher Reception.

2023 Tappahannock Farmers Market

Friday | July 21, 2023
REC employees had a great time engaging with members at the King William Farmers Market held at the local high school.