PRECorp returning member capital credits
December 23, 2021
Powder River Energy Corporation this month is issuing a capital credit retirement or “refund”. This retirement returns a portion of the money members paid for electric usage during select years.
Some Power River Energy members will receive a credit on their bill or a check in the mail.
Capital credits are a major benefit of being a member of an electric cooperative and reflect one of the seven cooperative principles: Member Economic Participation. At the close of each fiscal year, all revenue received in excess of expenses for that year are allocated to each member as a capital contri...