We are happy to report that this year, for the 40th consecutive year, we will be returning capital credits to our members through the general retirement process.
Each year, the Pioneer Board of Trustees evaluates the financial condition of the cooperative to determine if they can retire capital credits. Members entitled to a capital credit refund will see a bill credit in May or June.
Capital credits reflect a member’s ownership in the cooperative and are retained within the cooperative to maintain financial flexibility and strength and to finance capital improvement and expansion projects, which helps keep the cost of electricity down.
Learn more about capital credits here.