Member economic participation is one of the Cooperative’s Seven Principles. It’s part of what makes being a member of an electric cooperative different from being a customer of another type of utility.
It’s a Cooperative Difference that Adds Up.
You do the math.
You are a member of Horry Electric Cooperative.
You pay your monthly electric bill in order to help cover the cooperative’s operating expenses.
The cooperative’s operating expenses are subtracted from money that is collected throughout the year.
Based on your patronage and the decision of the board of trustees, your capital credits are retired back to you.
A check, in your name, is sent to your house in April unless it is in an amount less than $10. In that case, a credit is applied to your bill.
Watch for the April 2014 edition of South Carolina Living for news about the 2014 disbursement of capital credits.