Eligible A&N Electric Cooperative members should have noticed a capital credits line item on their electric service bill last month.
As a not-for-profit utility company, A&N Electric Cooperative works hard to provide affordable and reliable service. Each year, the Board of Directors reviews the financial condition of the cooperative to determine if a retirement of capital credits can be made.
The board voted to approve the return of capital credits at its April meeting.
A total of $3.3 million in capital credits was returned to eligible cooperative members last month.
The retired amount is based on a member’s electric use during the years retired and how long they have been an A&N Electric Cooperative member.