It pays to be a co-op member

Laurens Electric Cooperativewill refund $1,000,000 in patronage Capital Credits during the month of October.

As a member of Laurens Electric Cooperative, you receive several unique benefits that customers of other kinds of electric utilities don’t get to enjoy, starting with Capital Credits returns.

When you sign up for service you become a member of the co-op, meaning that you actually own part of the company. As such, any funds available after operating costs and expenses are returned to you.

Members who are owed $100 or less will receive the credit to their accounts. Unclaimed credits are listed on page 20.

But Capital Credits are just a small part of what it means to be a member of the Co-op. More importantly, it means you have a say in how your power company is run. As a result, we know we must answer to the people we serve – not to a select group of investors who may not even live in the same area where their customers receive power.

Laurens Electric is able to present you with Capital Credits year after year because we continue to remain strong. That strength comes from the trust our members have placed in us and our commitment to excellent service you’ve come to depend on since 1939.

When your Capital Credits arrive, I hope it serves as an important reminder that this is your power company, and you are a valuable part of it.

As always, we appreciate the opportunity to serve you and look forward to meeting your energy needs for years to come.

Do we have your capital credit check?

LEC is trying to locate members with unclaimed capital credits. Members receiving service in 1984,1985 and/or 1986 were mailed capital credit check(s) and the check(s) was either not cashed or returned to the cooperative by the postal service. If your name is on the list on page 20, please contact Sheila Drown at (800) 942-3141 to claim your credit.

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