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Co-op returns $1.5 million in Capital Credits

Wednesday | August 18, 2021
All News

Polk-Burnett Electric Cooperative will return $1,504,349 in Capital Credits, including $1,283,500 to co-op members who purchased electricity in 2000, 2001 and/or 2018, and $220,849 from our power provider, Dairyland Power Cooperative, to members who purchased power in 1995 through 1997.

It pays to be a co-op member: If you were a member those years, you'll get money back!

As a member-owned, not-for-profit electric co-op, Polk-Burnett operates at cost. Any money left after expenses is returned to members, according to our co-op principles. Instead of returning money to distant shareholders, Polk-Burnett returns Capital Credits to the local people we serve. Capital Credits are distributed each year and are a direct benefit of co-op membership.

16,775 active members and 7,952 former members will receive Capital Credits in September. The amount of each distribution is based on how much electricity was purchased by the individual member during those years. Active members will receive a credit on September 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, or enroll online.

See Capital Credits webpage to learn more. Thank you for your membership!

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©2022 Polk-Burnett Electric Cooperative. Your Source for Reliable Power.

  • My Electric Account
    • Capital Credits
    • New Construction or Rebuild
    • Outage Notification
    • 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
    • Electric Grid & Meter Upgrade
    • 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