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$2.3 MILLION coming back to members in capital credits this December

Friday | December 10, 2021
All News

Capital credits

NEWS RELEASE, DECEMBER 2021 - Paulding Putnam Electric (PPEC) members will see a lower electric bill around the holidays. That’s because PPEC’s Board of Trustees recently approved to return $2.3 million to the cooperative’s current and former members. Eligible members will see a credit on their December electric bill. The money is being returned to members in the form of capital credits, also known as profits or margins.

PPEC is a not-for-profit, community-focused organization. One of PPEC’s 7 Cooperative Principles is “Members’ Economic Participation,” which means members contribute equitably to the capital of the co-op in which they are part-owners. The unique part of the co-op model means members also receive a financial return on their capital.

“Simply put, this means that PPEC members contribute a portion of the capital necessary to grow the co-op and upgrade electric reliability,” stated PPEC President and CEO George Carter. “Eventually, as the co-op is financially able to do so, the board approves the capital be returned, or ‘retired’ back to those members who contributed it originally.”

Including this year’s capital credits return, PPEC has returned more than $29 million to its members. According to Carter, this process is what sets PPEC apart from other utilities.

“We’re not in business to make a profit for shareholders – we don’t have any because of our co-op model,” Carter said. “If there is leftover money, we give it back to members. We return the money to members around the holidays because that’s when many people need it the most – especially this year with many members struggling due to COVID-19.”

Anyone with questions about their capital credits refund should call PPEC at 1-800-686-2357.

Learn more about how capital credits work here.

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  • My Home
    • Start/Stop Service
    • Payment Options
    • SmartHub
    • Rates & Billing
    • Capital Credits
    • Bill Payment Assistance
    • Disconnects/Service Limiters
  • My Business
    • Online Bill Payment
    • Rates & Billing
    • Start Commercial Service
    • Capital Credits
    • Economic Development
    • Peak Load Management
    • Rebates
  • My Energy
    • Renewable Energy
    • Energy Calculators
    • Electric Vehicle Calculator
    • Rebate Programs
    • OurSolar
    • Home Energy Audits
    • Beat the Peak
    • Radio Control Switches
    • Energy Efficiency Projects & Tips
  • Programs
    • Operation Round Up
    • Co-op Connections
    • Outdoor Lighting Rentals
    • Youth Programs - Bright Futures
    • Scholarships
    • Youth Tour
    • Family Month
  • Events
    • Solar 101 Q & A Event
    • Member Appreciation Day
    • 2023 Annual Meeting
    • Cybersecurity and Energy Efficiency Town Hall
  • News & Magazines
    • Ohio Cooperative Living
    • Indiana Connection
    • Local Magazine Archive
    • Member Newsletter
    • Co-op News Updates
    • Empowered Blog
  • Safety
    • Storm Preparedness
    • Safety Tips
    • Tree Trimming
    • Safety Demos
  • Outages
  • About PPEC
    • Contact Us
    • Co-op History
    • Board of Trustees
    • Run for the Board
    • Retail Energy Choice
    • Official Records & Terms
    • Territory Maps
    • Employment
    • Website Privacy Policy