REC Expects to Give Back about $8.1 Million to Members

Because REC is a not-for-profit, when there is money left over after paying all expenses involved in providing safe and reliable electric service, your share of that money is assigned to you in the form of cash-back capital credits.

As financial conditions allow, these credits are retired and paid out to members over time.

Each Cooperative must balance the retirements of credits between margins earned decades ago with those earned more recently. Each year, the REC Board determines the most appropriate balance between maintaining the Cooperative’s financial health and returning funds to the membership.

This year, REC expects to give back approximately $8.1 million in capital credits using a “first in, first out” method, which recognizes longer-term members whose equity in the Cooperative dates back to the late 1980s. As a result, some members may see a credit on their July electric bill.

couple looking at Bill

REC STORIES

Prepared for New Year's Winter Weather

Friday | January 3, 2025
REC is watching the winter weather system that is projected to affect parts of our service territory starting Sunday, Jan. 5 and continuing into Monda...
"I don't know if it was God," said Crew Leader Dagoberto Jacome. "But there was some kind of miracle in that moment."
REC’s employee-led Project Big Heart (PBH) chapters once again brought the spirit of giving to life this holiday season.