Capital Credits are being returned this month, September 2019.
This year AEC is returning $500,000.00 in capital credits to members. Since 1989 AEC has returned over $11 million.
Rural electric cooperatives, such as Anza Electric Cooperative, Inc. (AEC) operate differently than investor-owned utilities (IOU's). Electric cooperatives are not-for-profit entities, delivering electricity to their membership at the cost of service. IOU's, on the other hand, exist to make a profit, a part of which is distributed to investors in the form of dividends. These dividends are only available to those who invest in the utility. The remainder of the profit is retained by the IOU.
In the cooperative model, excess revenue that is left over at the end of the year must be returned to it's membership in the form of Capital Credits. The amount returned is in proportion to the member's electric bill. A member with high electric bills will earn more capital credits than a member with lower electric bills.
This year AEC is returning a portion of capital credits earned from 1998 through 2017.
Look for your credit on your September bill. Former members will receive a check in the mail.