Capital Credits
Capital Credits
Recorded on

We were in the studio for a conversation with Kris Sieber, Manager of Member Services, and Larry Andrews, Manager of Administrative Services & Controller for REC.

We talked about Capital Credits: what they are, how they’re used, and why they’re important to the financial stability of the cooperative. Larry & Kris explained how members earn the credits and how they are re-distributed back to REC members. 

REC STORIES

As of this afternoon, REC has restored all outages related to the winter storm that roared through Virginia on Wednesday.

REC Warns of Holiday Time Phone Scams

Saturday | December 19, 2020
REC has received reports of fraudulent callers demanding immediate payment from the cooperative’s member-owners.

Outage Restoration Nearly Complete

Friday | December 18, 2020
As of 5 p.m., REC has restored service to about 98 percent of member-owners who lost power in this week’s winter storm.