Because you are a member and receive electric service from a not-for-profit cooperative, you are a member/owner. Every month you pay your bill for electric service.The co-op pays the expenses incurred to provide that service. Any funds left over provide equity for the co-op and you, the member. Those funds are called capital credits.
Besides providing equity, capital credits furnish working capital to keep your cooperative financially sound, help retire debt, and reduce the need to borrow money. The Board of Directors periodically reviews JPEC’s financial soundness and decides whether to pay capital credits to the members.
Jackson Purchase Energy currently has no outstanding capital credits.