Cooperative Retired Capital Credits in July

Eligible A&N Electric Cooperative members should notice their capital credit retirement on their July billing statement.

The cooperative’s board of directors voted recently to retire capital credits to its members. As a not-for-profit utility company, A&N Electric Cooperative works hard to provide affordable and reliable service. The cooperative has no shareholders and routinely returns excess revenues to our members, an aspect which sets cooperatives apart from investor-owned utilities.

A total of $3.3 million in capital credits was returned to eligible cooperative members. Capital credits are shown as a credit on an active member’s July bill statement. Checks are mailed to inactive accounts.

The credit amount will vary from member to member based on how much electricity they used in the particular years retired.