The Cooperative Difference Adds Up

capital credits calculatorMember 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.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s