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

John Hewa, REC's chief operating officer and vice president of corporate services, has been elected as the U.S. Energy Storage Association (ESA) board...

Community Connects with REC

Thursday | May 21, 2020
REC's annual community event, Get Connected, attracted more than 500 members to Lydia’s Barn in Stanardsville.
Due to the generosity of Rappahannock Electric Cooperative member-owners, REC’s The Power of Change recently awarded over $111,000 to local organizati...