Your Cooperative is a not-for-profit. That means all revenues REC receives through monthly bill payments, beyond the costs for providing electric service, remain the property of our members and are returned in the form of Capital Credits.

Ongoing System Improvements

Capital Credits are used to improve the distribution system and should be viewed as the member-owners' equity investment in the Cooperative. The equity investment minimizes the amount the Cooperative has to borrow.

System Improvements

Member Cash Back

Capital Credits are invested in the poles, wires, transformers, substations and other equipment used throughout the system to deliver reliable electricity every day. The Cooperative tracks your investment over the years of your membership.

The retirement of Capital Credits is a decision made by the Board of Directors based on the financial condition of the Cooperative. A portion of the total Capital Credits are "retired" and returned to you in the form of a Cash Back bill credit. Cash Back is based on your electric use and how long you have been an REC member.

Estate Cash Back

  • The heirs of an REC member can receive any remaining Capital Credits that had been assigned to the deceased member.
  • An estate representative must request the member's Capital Credits
  • Representative must submit a Certificate of Qualification or a Designation of Legal Payee and a death certificate

Forms are available at all four offices.

REC STORIES

A team of 14 Rappahannock Electric Cooperative (REC) volunteers spent the morning of Sept. 12 clearing litter along 3.6 miles of Fredericks Hall Road ...
Rappahannock Electric Cooperative (REC) donated $3,000 to the Blue Ridge Area Food Bank during the 4th Annual Mad Jazz & Wine Festival held Sept. 6 at...

Meet CARE Charity Board Member: Greg Worley

Wednesday | October 1, 2025
When Greg Worley retired in January 2024, slowing down wasn’t part of his plan. An avid outdoorsman, Worley enjoys hiking, biking, and camping.