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Wheatland to Retire $750,000 in Capital Credits

It’s time for you to get the credit—Capital Credits, that is—for helping build, sustain, and grow your local electric cooperative. In December 2017, Wheatland Electric Cooperative will retire $750,000 in Capital Credits, to both active and inactive members, across portions of sixteen counties served by the co-op.

When you sign up to receive electric service from an electric co-op, such as Wheatland Electric, you become a member-owner of that electric co-op. While investor-owned utilities return a portion of any profits back to their shareholders, electric co-ops operate on an at cost basis. So instead of returning leftover funds, known as margins, to folks who might not live in the same region or even the same state as you do, Wheatland Electric allocates and periodically retires Capital Credits (also called patronage dividends, patronage refunds, patronage capital, or equity capital) based on how much electricity you purchased during a year.

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