What are Capital Credits?
Riverland Energy Cooperative is a nonprofit organization. All money left over after the cost of providing service is returned to the members in the form of capital credits.
The Capital Credit program invests the margin in facilities to provide continued electric service until they are refunded to you, our members. As financial conditions permit, Riverland Energy Cooperative is on a combination 20 year FIFO (first-in-first-out) refund cycle. We also refund a percentage of all other years after your first three initial years of service.
The Riverland Energy Cooperatives board of directors authorizes all capital credit allocations and are based on annual member purchases or electric sales.
Please feel free to reach out to Barb Mathson, REC Accountant at (800) 411-9115 for more information relating to capital credits.