#Washington emc bill pay pdf

Method of retirement: part first-in-first-out (FIFO), part last-in-first-out (LIFO).

Target distribution amount of $400,000 in the year 2023.

#Washington emc bill pay pdf

WEC notifies you of how and when you’ll receive your capital credits retirements.Ĭlick here to view 2023 Equity Distribution Plan as a PDF.When the co-op’s financial condition permits, the Board of Directors decides to retire or pay capital credits.WEC allocates “margins” to members as capital credits based upon how much they pay for their use of electricity during the year.At the end of the year, we complete financial matters and determine whether there are excess revenues called “margins”.WEC tracks how much electricity you buy and how much money you pay for it throughout the year.The return of money to members is what the capital credit process is all about. This capital allows WEC to finance operations and construction, with the intent that this money will be repaid in later years when the cooperative is financially able to do so.

Instead, any revenues over and above the cost of doing business are considered 'margins.' These margins represent a loan by the membership and it is used by the cooperative as operating capital. As part of that relationship, you will periodically receive money back in the form of capital credit refunds.īecause WEC is a cooperative, owned by its members, it does not technically earn profits. In fact, you become part owner of your local Co-op. So what are these things called capital credits?Īt a coop you are more than just a customer you are a member.