Polk-Burnett Electric Cooperative will return more than $1 million in Capital Credits this year, including $860,000 to co-op members who purchased electricity in 1996 and/or 2015, and $197,342 from our wholesale power provider, Dairyland Power Cooperative, to members who purchased power in 1990 and 1991.

“If you were a Polk-Burnett member those years, you will get money back,” announced General Manager Steve Stroshane. “Capital Credits are distributed annually and are a direct benefit of cooperative membership.”

Capital credits will be distributed to 16,500 active members and 7,300 former members. 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; this is a change from past years when members received a Capital Credit check in the mail.  Former members will be mailed a check of $10 or more; lesser amounts will be left to accrue for future payouts.

“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.”

Learn more about Capital Credits or call 800-421-0283, ext. 335.