PRECorp returning member capital credits

Powder River Energy Corporation (PRECorp) this month is issuing a capital credit retirement or “refund” of about $12 million. This retirement returns a portion of the money members paid for electric usage during select years. Some Powder 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 is allocated to each memb...