The great thing about being a part of a cooperative is that customers are actually “member-owners.” One way ownership is reflected is through capital credits, the members’ annual share of what’s left over after the costs of delivering power and funds for emergency situations and regular growth projects have been covered.
When the co-op is financially able to do so, as determined by the Board of Directors, capital credits are distributed to members. That means member-owners share in the successful operation of the cooperative. This is one of the many tangible benefits of being served by the co-op.
We make every effort to locate the person entitled to a capital credit check. Often, members have moved and they are difficult to locate. A list of names is posted on our website at the link below. Please review the list and if you see your name or the names of family or friends, please have them fill out the form found on the webpage and a representative will be in contact with the individual to complete the process.
CEO and General Manager Eddie Oldham oversees the company, and a Board of Directors governs it. Ten directors are elected by Central Electric members at the annual meeting on the basis of one vote per member. The directors serve three-year terms before being eligible for re-election.
