$3.5 Million in Capital Credits To Be Returned

Cass County Electric Cooperative (CCEC) is excited to announce that it will be returning $3.5 million in capital credits to its members who paid for electricity in 2003 and 2004 (partial). CCEC’s board of directors approved the retirement at its January 2024 meeting.

Cass County Electric Cooperative is a not-for-profit organization, meaning we operate at cost, and any excess revenues, or margins, are returned to our members in the form of capital credits. Since our inception, Cass County Electric Cooperative has retired more than $37 million.

Active consumer-members:
In March, capital credits will be applied, but reflected on your February billing statement. Notification of the retirement is on your billing statement.

Inactive consumer-members:
CCEC encourages all members to view the capital credit retirement list on our website to see if they have friends or family with capital credits waiting for them.

It is important for all prior CCEC members to keep their contact and addresses information up-to-date so that we can ensure the receipt of later capital credit retirements.

How does the capital credit process work?
1. CCEC keeps track of how much electricity you buy and how much money you pay for it throughout the year.

2. At the end of the year, the cooperative completes financial matters and determines whether there are excess
revenues, called margins.

3. Consumer-members receive a portion of the margins as capital credits based upon the amount of revenue each member contributed throughout the year.

4. When CCEC’s financial condition permits, your board of directors decides to retire (pay) the capital credit allocations from previous years.

5. The cooperative notifies you of how and when you’ll receive capital credit retirements on your billing statement.