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Quote

Capital Credits are a direct benefit of your co-op membership. Any revenue left after annual expenses is allocated and returned to members, according to our cooperative business principles.

Steve Stroshane, general manager

 

April 2022: Special $1 million Capital Credit retirement to all members who purchased power in 2021

November 2022: Polk-Burnett returns $2,282,389 in Capital Credits to co-op members
Instead of returning money to distant shareholders, Polk-Burnett Electric Cooperative returns Capital Credits to the local people we serve. Revenue left after expenses is allocated and returned to members every year. If you were a member of Polk-Burnett Electric Cooperative in 1997-99, 2001, 2002 and/or 2019, you'll get money back! Credit appears on November 2022 electric bills.

It pays to be a co-op member! Watch for annual Capital Credit distribution every fall!


Recent Capital Credit retirements
Fall 2022 - $2.28 million to members who purchased electricity in 1997-99, 2001, 2002 and/or 2019.
Spring 2022 - $1 million to all members who purchased electricity in 2021 (special distribution).
Fall 2021 - $1.5 million to members who purchased electricity in 1995-1997, 2000, 2001 and/or 2018.
Fall 2020 - $1.45 million to members who purchased electricity in 1992-1995, 1999, 2000 and/or 2017.
Fall 2019 - $1.1 million to members who purchased electricity in 1991-1992, 1996-1997, 1999 and/or 2016.
 


Capital Credits help fund co-op scholarships
Polk-Burnett's scholarship program is funded with unclaimed Capital Credit dollars that otherwise would be forfeited to the state, and by the generosity of co-op members who donate Capital Credits to the scholarship fund. If you would like to donate your future Capital Credits to the co-op's scholarship and Youth Tour program, see more information and our online enrollment form.

 

What are Capital Credits?

Capital Credits are a direct benefit of your cooperative membership.

Instead of returning profits to investors and distant stockholders, Polk-Burnett returns Capital Credits to the local members we serve.

As a co-op, Polk-Burnett operates at cost. Any revenue left after annual expenses is allocated and returned to members as Capital Credits.

Capital Credits are allocated and distributed annually, based on the amount of electricity you purchase. 

 

Why is my neighbor's Capital Credit a larger (or smaller) amount?

Capital Credits are based on your total payments to the cooperative for kilowatt-hours of energy purchased, including the fixed charges. If you receive a smaller credit than your neighbor, it's because you used and paid for less electricity during the period in which the Capital Credit allocation was earned.

Why didn't I receive a Capital Credit distribution?

The Capital Credit distribution cycle is determined by the board of directors. Even if you don't receive a return this year, you will earn a Capital Credit allocation for all years that you are a Polk-Burnett member. Once you're eligible for a distribution on those allocations, you'll receive it even if you're no longer receiving electric service from Polk-Burnett, so it is important to make sure Polk-Burnett always has your current mailing address.

What if I'm no longer an active co-op member?

A check will be mailed to you if we have your current mailing address. The minimum distribution to inactive members is $10.  Distributions that do not meet the minimum will be held on inactive electric accounts and distributed by check when the retired amount meets the $10 minimum.

What happens to unclaimed Capital Credits?

Polk-Burnett was required to give unclaimed Capital Credits to the State of Wisconsin prior to 1987. Now we can use these unclaimed funds for education and we are proud to offer continuing education scholarships to the children of our members. Polk-Burnett's scholarship program is based on community service and recognizes graduating seniors who make a difference in the lives of others. Read more about Polk-Burnett's Community Service Scholarship Program.

Why can't I cash out my capital credits?

The revenue each year goes to cover expenses to keep your electric service safe and reliable. After all expenses are covered the remaining revenue is allocated back to members in the form of patronage capital, or capital credits, which you will receive in cash at a future date. Your patronage capital is reinvested back into the cooperative to purchase new equipment and build new infrastructure. If all capital credits were given back immediately, Polk-Burnett would have to increase rates to replace those funds.

Why does it take so long to receive the capital credits allocated to me?

The cooperative started in 1938, but didn’t return the first capital credit checks until 1964 (26 years). The retirement rotation helps the cooperative achieve its targeted equity level and keep rates as low as possible. Shortening the retirement period would require increasing rates.

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POLK-BURNETT ELECTRIC COOPERATIVE

1001 State Road 35
Centuria WI 54824
Lobby: 8 a.m. to 4:30 p.m. 
Window: 8 a.m. to 4:30 p.m.
Drop box: 24/7

7298 State Road 70
Webster WI 54893
Lobby: 8 a.m. to 4 p.m.
Window: 8 a.m. to 4:30 p.m.
Drop box: 24/7

CONTACT

800-421-0283
Contact Us
Report outages 24/7 on SmartHub or 800-421-0283

©2023 Polk-Burnett Electric Cooperative. Your Source for Reliable Power.

  • My Electric Account
    • Capital Credits
    • New Construction or Rebuild
    • Outage Text Alerts
    • Overhead to Underground Conversion
    • Payment Options
    • Power Cost Adjustment
    • Rates, Fees and Deposits
    • Security Lights
    • SmartHub Overview & Enrollment
    • Start or Stop Service
    • Understanding Your Bill
    • Update Your Contact Information
  • Energy Savers & Solutions
    • Air Source Heat Pumps
    • Beat the Peak
    • Do the Summer Shift
    • E-Vehicle Charger
    • ETS Unit
    • Energy Saver Videos
    • How to Spot a High Bill with SmartHub
    • Load Management
    • Lower Your Energy Bill
    • Mini Boiler
    • Off-Peak
    • Rebates
    • Stray Voltage
    • Use Energy Wisely Guide & 101 Ways to Save
    • Water Heater
  • Community
    • Co-op Scholarships
    • Diggers Hotline
    • Economic Development
    • Electric Safety
    • Gift Cards
    • Kids Activity Page
    • License to Live Drivers Safety
    • Operation Round Up
    • Power Line Safety Demo
    • Safety Poster Contest
    • Youth Tour
  • My Co-op
    • 2022 Annual Meeting Report
    • About Us
    • Audit and Bylaws
    • Board of Directors
    • Co-op History & Timeline
    • Contact Us
    • Employment Opportunities
    • General Manager Blog
    • Legal & Privacy Statements
    • Mission, Values, Principles
    • Newsletter
    • Polk-Burnett Policies
    • Right-of-Way Program
  • Go Green
    • Geothermal Energy
    • E-Vehicles
    • Energy Supply & Renewables
    • Evergreen Renewable Energy Blocks
    • Home Solar and Wind
    • Paperless Billing
    • Protect the Karner Blue Butterfly
    • SunTuria Solar Tours
    • SunTuria Solar