The third of the Seven Cooperative Principals is Member’s Economic Participation: Members contribute equally to, and democratically control, the capital of their cooperative.
As a not-for-profit organization, local electric cooperatives operate solely to provide electricity, not to increase profit. Laurens Electric Cooperative provides electricity at-cost to members. Each October, the co-op returns excess funds, called margins, in the form of Capital Credits to members.
This year, Laurens Electric Cooperative will return $500,000 in Capital Credits to members.
When Capital Credits are returned to members any refund less than $15 will be applied as a credit directly to the members’ account.
Members can expect to see the credit reflected in their bills beginning in October.
If you have questions about your refund, contact Member Services at 1-800-942-3141, or complete our contact form.