As a not-for-profit electric cooperative, we operate differently than investor-owned utilities. Instead of generating profits for shareholders, we return any margins to you, our members, through capital credits. It is one benefit of being a member of Slope Electric Cooperative.

Each time you use electricity and pay your bill, you’re helping to cover the cost of providing reliable electric service. After Slope Electric covers all operating expenses, the board of directors can allocate the remaining margins to members based on their usage. This allocation is your share of the co-op’s financial success.

This year, there’s good news for members. Traditionally, capital credit retirements were issued in November. However, our board of directors voted to move the retirement schedule to March, allowing us to return your capital credits earlier in the year. This adjustment means you receive your cooperative benefit sooner, putting those dollars back into your hands when they may be most helpful.

Last June, you may have seen an allocation on your electric bill. Allocations are not immediate cash payments, but rather a record of your equity in the cooperative. These funds are reinvested into our system, supporting the maintenance, upgrades and expansion of the infrastructure that keeps your lights on.

When financial conditions are strong and the board of directors determines it’s appropriate, a portion of those capital credits are retired, meaning they’re paid to members in the form of checks or bill credits. This process allows us to maintain a strong financial foundation, while returning value directly to you.

If you have any questions about how capital credits work, our team is here to help. Thank you for your continued trust and partnership. We’re proud to serve you.