Polk-Burnett Electric Cooperative will return more than $1 million in Capital Credits this year, including $872,429 to co-op members who purchased electricity in 1996, 1997, 1999 and/or 2016, and $203,156 from our wholesale power provider, Dairyland Power Cooperative, to members who purchased power in 1991 and/or 1992.
“If you were a Polk-Burnett member those years, you will get money back,” announced General Manager Steve Stroshane. “Instead of returning money to distant shareholders, Polk-Burnett returns Capital Credits to the local people we serve. Capital Credits are distributed annually and are a direct benefit of cooperative membership.”
Capital credits will be distributed to 16,544 active members and 8,029 former members. The amount of each distribution is based on how much electricity was purchased by the individual member during those years.
Watch for Capital Credits on Your October Bill
Active members will receive a credit on October electric bills. Former members will be mailed a check of $10 or more; lesser amounts will be left to accrue for future payouts. Co-op members also have an option to donate Capital Credits to the co-op scholarship fund; please contact our billing office to set up future distributions, 800-421-0283, ext. 335.
“As a member-owned, not-for-profit electric cooperative, Polk-Burnett operates at cost,” said Stroshane. “Any revenue left after annual expenses is allocated and returned to members, according to our cooperative business principles.”
Polk-Burnett was established in 1938 to provide reliable electricity with efficiency and extraordinary service to families, farms and businesses in the rural areas of northwestern Wisconsin that were not served by investor-owned utilities.
For more information Capital Credits and the benefits of cooperative membership, visit our Capital Credit webpage or call 800-421-0283, ext. 335.