Petit Jean Electric Cooperative Corporation works to serve you the member, not to make a profit. As a member, you share in the residuals in the form of Capital Credits. Capital Credits are the most important distinction between a cooperative and any other form of business. Members of the cooperative have a financial stake in the business. That is why it is so important that each and every person who receives electricity from Petit Jean Electric understands that they are members of the cooperative, not just consumers.
Your Board of Directors approved the refund of Capital Credits to you this year, just as they have done in the past. With this year’s retirement, it brings the total to over $25 million retired over the years since 1940. Your refund represents your share of margins that are being refunded for the remaining balance of 2000 and all of 2001. The amount of individual refunds is based on the amount of electricity used in those years.
Checks will be mailed in December 2020 to all eligible members who received service in 2000 & 2001.