$2.1M to be returned to co-op members

At an electric cooperative, you’re more than just a customer— you’re a member and an owner. As part of that relationship, you will periodically receive money back in the form of capital credit returns.

Each year, Central Texas Electric Cooperative allocates margins (funds remaining after expenses have been paid) to your capital credit account based on your share of the revenue that was generated during the previous year. This capital allows CTEC to finance operations and construction projects as well as power restoration after outages, with the intent that this money will be repaid in later years when the cooperative is financially able to do so.

Since 1965, CTEC has returned more than $28.5 million in capital credits to its members.

This year, CTEC will retire more than $2.1 million to members in December. The retirement process established by the co-op’s bylaws returns capital credits to all co-op members and emphasizes payout of the oldest unretired capital credits. The process also returns a larger share to those members who have paid larger bills and contributed more capital over the years.

Active members (those currently receiving electric service from CTEC) will have their 2024 capital credits return applied as a credit on their December bill. Inactive members who are entitled to a return of $10 or more will be mailed a check. To save postage and processing fees on inactive accounts, returns of less than $10 will accumulate from year to year until the minimum $10 amount is reached.

Of course, capital credit returns cannot be successfully delivered if the co-op is not kept abreast of address changes, so keep us informed.

If you have questions regarding capital credits, please refer to our website, ctec.coop, or call us at (830) 997-2126 or 1-800900-2832.