Members Soon Receiving $6 Million in PowerPerks and Capital Credits - NEC Coop
Nov 17, 2020 — Company News
The NEC Co-op Energy Board of Directors will be giving back $2.5 million in Capital Credits and $3.5 million dollars in PowerPerks to members, for a total of $6 million, starting mid-November through mid-December.
Capital Credits represent a member’s allocated share of the cooperative’s margins during their membership. The credits are based on how much energy you purchase during the year, and the gross margins by those purchases.
The PowerPerks are credited to members based on any remaining funds from our PowerPerks Adjustment account, created to offset anticipated spikes in electricity prices during summer months. Members typically receive this bill credit on their December bill, which many enjoy just in time for the holiday season.
Electricity Company in Texas, NEC Co-op Energy offers honest, upfront pricing, no contracts and excellent service—and getting a share of the profits is just one of the many reasons that our members love being part of our co-op.
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